Best Practices for Corporate Alumni Program Success
Corporate Alumni Programs: Best Practices for Success
Read moreThere are numerous benefits of maintaining alumni relationships, including the presence of boomerang employees. A boomerang employee is an individual that left your organization but wants to return. It may seem strange that you would want a former employee to return to your organization, but there are many benefits to bringing someone back.
One of the most impactful ways of benefiting from boomerang employees centers around the positive impact on organizational productivity. Productivity is what brings your organization returns, and therefore is essential to business practices. Boomerang employees improve organizational productivity by fitting into the corporate culture, bringing a positive attitude, and responding well to change.
84% of recruiters agree that cultural fit is one of the most important recruitment factors, especially since company culture is linked to organizational productivity. With such high importance, recruiters will pass up 9 out of 10 candidates because they don’t match the organization’s culture. This leads to longer recruitment periods that result in longer job vacancies. Ultimately poor cultural fit leads to more expensive hires and decreased organizational productivity.
A simple solution to ensure cultural fit and reduce hiring expense is rehire your alumni. They have already proven they fit in with the organizational culture so their return can lower turnover and increase immediate productivity from your employees.
According to Bizfluent, attitude is an essential factor to productivity. Attitude is infectious, so the attitude of one individual spreads through the whole organization rapidly. The velocity at which attitude spreads requires you to ensure that it’s positive and increases organizational productivity
Alumni would not willingly return to an organization unless they wanted to be there. Their desire to return to your organizations means they are more likely to return with a great attitude. Their attitude will help to spread positivity to others and can be extremely beneficial to organizational productivity.
An individual’s response to change is correlated to their risk aversion. More risk averse individuals are more likely to hate and resist change. This is bad news for organizations because business operations evolve every day. In fact, leaders overestimate how much individuals want to change because 45% of frontline employees prefer to remain in the status quo.
Boomerang employees will have better response to change because they have been out of the organization for a while. They’re used to change, they haven’t been behind the same desk for months doing the same thing in the same way. They’re willing to try new things and will inspire others around them to accept the change as well.
Corporate Alumni Programs: Best Practices for Success
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