Why Companies Should Stay Connected with Ex-Employees

by Community Admin in Corporate Alumni   |    Last Edited: 21st March 2019

(SHRM.org) HR leaders are finding many reasons to welcome ex-employees back into the fold.

“Colleagues for life.” That’s what Deloitte calls them. Other companies use terms like “boomerang employees,” “alumni” or “comeback colleagues.” Such language is a far cry from the days when former employees were referred to only in the past tense. But now a growing number of organizations are understanding the value of keeping the bond between employer and employee strong long after the two have parted. It’s a smart strategy for managing talent as company leaders grapple with the tightest job market in more than 15 years.

Indeed, ex-employees can be a treasure trove of brand ambassadors, potential clients, future business partners and top-notch rehires. Much like college administrators who enthusiastically welcome former students back to their campus community, HR leaders and managers are reaching out to individuals who left their jobs for any number of reasons, excluding, of course, for poor performance or policy violations. In doing so, many organizations are finding lasting benefits in these boosted ties.

Gone is the stigma once associated with ex-employees. These days, employers are paying more attention to these individuals—including as possible rehires. A 2015 survey conducted by the Workforce Institute at Kronos Inc. and WorkplaceTrends.com found that 76 percent of more than 1,800 HR professionals reported being more open to hiring former employees than they were in the past.

Read the full article by Geri Tucker on SHRM here