Infosys, Tatas, HUL, ITC rehiring former executives
If you are good at work, your old employer may want you back. Several companies including Infosys, Hindustan Unilever, Godrej, ITC and Britannia, besides the Tata Group, are bringing their ex-employees back on board.business Updated: Jan 02, 2014 10:15 IST
If you are good at work, your old employer may want you back.
Milind Khanna, 42, an engineer at a global software giant, left the company three years back to join a domestic IT firm. A month ago, Khanna received a call from his ex-boss, who wooed him back into the old fold. “They offered me perks, a decent salary hike, elevated position and also, a lucrative project to handle. I will be re-joining the company soon,” said Khanna, who did not want his employer identified.
Khanna’s employer is not alone. Several companies including Infosys, Hindustan Unilever, Godrej, ITC and Britannia, besides the Tata Group, are bringing their ex-employees back on board. These companies confirmed they have started rehiring to control costs and regain vital talent. Rehired staff were not available for comments due to the holidays.
These companies are eagerly scouting candidates who join an organisation and start performing from the very next day. “Rehiring happens when there is a business need and when hiring happens, companies tend to look for someone who can get off the ground running the quickest,” said R Nanda, head, HR, Tata Chemicals.
Moreover, the employer has to spend a lesser amount of time to induct rehired employees into the organisation. “Rehiring saves one third of the annual cost spent on employees,” said Sreekanth K Arimanthaya, vice-president, HR, at the Indian unit of global IT services firm Computer Sciences Corp.
Infosys recently initiated what it called Green Channel Hiring — a time-bound initiative aimed at hiring former employees.
The company, which has gained from the initiative, is looking to create similar things in the future. “A regular source of profiles is our global alumni network through which our ex-Infoscions express their interest to join the organisation again,” said Srikantan Moorthy, global head, HR, Infosys.
At ITC, there are instances of managers preferring to rejoin the company, which are then decided by company’s policies on recruitment and talent management.
Companies generally rehire employees across levels as each of the re-hire candidate knows the company culture and work ethics. They track ex-staff through alumni groups and social media forums including Facebook and LinkedIn.