The Untapped Talent Pool: Former Employees and Workforce Returnees

An article by HR Dive references a Two Groups You Can’t Ignore (but Probably Do) in the War for Talent about two talent pools that employers may be overlooking: company alumni and workforce returnees. According to the report, “former employees who left the company in good standing understand the culture of the organization” and candidates reentering the workforce “can allow businesses to tap into a talented candidate pool.” According to the report, hiring and training new staff is financially constraining. Instead, “hiring alumni who know the business’ standards and protocols could shrink these costs.” The report also notes that 43% of qualified women temporarily leave their careers at some point to raise children. It says that sourcing these workers can provide businesses with trained and experienced candidates. As the applicant market continues to shrink, businesses have to rethink the way they look at recruiting.