There is a significant change in the mindset of jobseekers when it comes to going back to their previous organisation as about 60 per cent respondents have shown willingness to rejoin their previous firm, says a survey. According to a survey by HR services provider Randstad India, workforce churn in the industry has triggered a new trend - a surge in the number of returning employees.
“From an employer’s perspective, the trend of returning employees is definitely a positive one though it will intensify the competition for jobseekers even with a plethora of opportunities in the job market today,” Randstad India MD and CEO Moorthy K Uppaluri said.
The top reasons cited by respondents for joining their former employers are increased salary, a familiar environment, an elevated position at work and the employer brand.
Moreover, returning employees tend to have higher loyalty and it is easier for the employer to integrate them back to the organisation’s workstyle, culture, systems and processes.
“Today, it has become imperative for organisations to build their employer brand. For those organisations that have not succeeded in doing so, returning employees are also ideal examples to showcase internally to those who are not sure about pursuing a career with that organisation,” he said.
The survey also highlighted top reasons behind frequent job shifts by the Indian workforce - 71 per cent of the respondents rated lack of career growth opportunities as the number one reason to change jobs.
Additionally, the survey also revealed that 48 per cent rated lack of adequate compensation as the second most important reason and 40 per cent rated dissatisfaction with the work culture as the third biggest reason to leave their previous organisations, followed by lack of work-life balance and employee benefits.