June 4, 2023

  • New research has found that workers who return to their former employers receive a pay rise of as much as 28%.
  • Software company Visier analyzed 3 million employee records at 129 global companies.
  • It found a typical “Jackie Rod” employee returned after more than a year away.

While “quiet resignations” are making headlines, some workers are doing something more unusual: returning to workplaces where they left only a few months ago.

new research VisierA software company found that ‘Jackie Rod’ workers who rejoined their former employers received a raise of as much as 28% in the first four months of the year.

That compares with an average increase of just 10% for workers who change jobs, according to the think tank. Pew Research Center.

Visier analyzed 3 million employee records at 129 global companies. Andrea Derler of Visier told NBC Finance Boomerang workers can use their knowledge of the company as well as their increased outside experience as leverage to earn higher wages.

According to Visier, between January 2019 and April 2022, about one-third of outside employees were Boomerang workers, who returned after an average of 13 months of separation. It also found that 40% of them had obtained managerial positions above previous levels.

According to Visier’s research, Boomerangs initially quit to find new horizons, or because they didn’t see an opportunity to work with the employer.

One year of employment “Big resignations,” vacancies, and key projects being delayed due to a lack of workers mean now may be the right time to ask for a raise rather than quit.

Derler told CNBC that if the company wants to retain talent by offering raises and promotions at least every two years, it needs to do a better job of rewarding and attracting high-performing employees.

According to Visier, work relationships are one of the main reasons people return to their former employers.

“It sounds like an HR skill, but the onboarding skills of a manager in the first year cannot be overemphasized,” Dehler told CNBC.

She added that managers should spend their first year involving new hires in the company’s culture and social network.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *