People are leaving their jobs in droves, looking for better pay, better working conditions, and better management. It’s those factors that many say are fueling the ‘Great Resignation.’ But, more employees may now be considering returning to their previous employers, according to recent research by the talent cloud company iCIMS.
If you would like more context on this matter, please consider James R. Bailey, a professor of leadership development at the George Washington University School of Business. His areas of expertise include employee motivation, competence, satisfaction, and performance, as well as managerial decision making, and business ethics.
“The cost of onboarding brand new people as opposed to hiring back boomerangs is just way too high,” Bailey says. “Recruitment and training are expensive, and a new employee doesn’t really pay dividends for months (i.e., performance takes a while to ramp up). Boomerangs already know the job, so they can shift back in seamlessly.”
Bailey also notes that working habits may have changed for some U.S. workers, who are finding remote work isn’t the right fit for them.
“The novelty of working at home has dissipated,” Bailey adds. “Some people found working at home distracting and missed the camaraderie of the workplace. Early on people felt empowered to quit, but now they’re looking to boomerang.”
If you would like to speak with Professor Bailey, please contact GW Media Relations Specialist Cate Douglass at [email protected].
-GW-