The rise of 'boomerang employees'—those who return to their former employers—has become pronounced, particularly in the tech and media sectors. This trend, partly influenced by economic uncertainty, reflects cautious hiring practices, with companies favoring familiar faces amid a complex job market. Nela Richardson from ADP illustrates that both employers and employees benefit from choosing known quantities in challenging times. Job seekers, facing longer searches and greater competition due to layoffs, may find reconnecting with past employers advantageous for their employment prospects.
"In an era where the outlook on the jobs market is fuzzy or uncertain, it makes sense for both employers and employees to stick with what they know," Nela Richardson, ADP's chief economist, said.
"You want to get the best bang for your buck, and often it's a returning employee," Richardson said.
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