Reported 1 day ago
A growing trend known as boomerang hiring is seeing more workers return to their former employers, accounting for 35% of new hires as of March, up from 31% the previous year. This resurgence is attributed to employer caution in the labor market and the familiarity that returning workers bring. Factors such as reduced willingness to relocate for jobs, rising housing costs, and the effects of the pandemic have contributed to this phenomenon, as many employees are opting to return to known workplaces rather than seeking new opportunities elsewhere.
Source: YAHOO