They're called Boomerang Employees and they leave one company [A] for more money at another company [B] and then go back and negotiate a higher salary with their previous company [A]. Tom Finnegan with Clarkston Consulting says it's a good deal for the employer as well. "When the employer [A] doesn't have a job filled - it's costing them money! Then here they find somebody who was previously a good employee for them with the proper skills and who won't require resources to come up to speed." The average increase this year is over 20% ...and the typical boomerang time away is just over a year. Finegan says it's happening in most industries - especially healthcare.
New Hires Quick to Leave for Something Better
Changing jobs is a part of employment - but going back to your previous employer - for even more money - is a game changer. Finegan says it's pretty lucrative. "Across the companies we work with - it could be as high at 10%. Nurses who leave as an employee often come back as a contract worker often are hired by with a 40% salary increase." Nurses who left the industry due to severe burn out are going back making more money for fewer hours worked. And their employers are happy to pay.
photo:GettyImages
Boomerang Employees get paid more.