The great resignation is seeing a reversal, with many employees leaving their new jobs to return to their former employers.
Recruiters are terming this phenomenon as ‘infant mortality’ wherein newcomers realize that they are not the right fit and want to head back to a familiar workplace. Such reverse migration is happening mainly in client-facing roles in technology, startup and consumer industries.
“I call it going back to the roots. The tech and e-commerce sectors have seen many cases where employees cannot connect with the new firm. This is especially the case with new recruits who are working remotely and have not been part of the physical office workspace,” said Pasupathi Sankaran, chief operating officer of recruitment firm Careernet. About 70% of the Bengaluru-based firm’s clients are in the tech and startup space.
According to a study by the National Association of Software and Services Companies (Nasscom), about 90% of chief executives expect their hirings this year to remain the same or exceed that of 2021, with digital talent making up half of the new hires. In another study, Nasscom said 450,000 employees were added so far this financial year.
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