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5 famous boomerang hires to inspire your next hire

Boomerang hires could be your next answer, Boeing's next CEO might be a boomerang hire and be ready for extra interviews

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The Deputy
July 11, 2024

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“A hug is like a boomerang - You get it back right away.”

Bil Keane (American cartoonist)

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In today’s email:

  • Job News:  5 Boomerang Hires to inspire your next hire

  • Overheard at coffee: Boeing’s next CEO could be a boomerang hire

  • Trending AI Tools: An AI Health Coach powered by OpenAI

  • Hot Jobs: (keep scrolling down ⬇️)

  • Recruiting Fails: How many interviews does it take to hire someone? ❌

Job News

Did you know that a 2023 HBR study found that 28% of new hires were boomerang employees? Yep, they left their jobs within the last three years only to come back again. And honestly, that 28% feels pretty spot-on based on what we see in the recruiting world. If you're on the hunt for new talent, don’t overlook your ex-employees. Sure, there are always a few you’d prefer never to see again, but many of them could return and seriously boost your company.

Here are the top 5 famous boomerang hires to inspire you:

1. Howard Schultz - The Starbucks maestro came back three times! Most recently, he left again in April 2023.

2. Michael Bloomberg - He swore he'd never return after his 20-year stint ended in 2001, but surprise! He rejoined Bloomberg LP in 2014 as CEO and stayed until 2023.

3. Michael Dell - After stepping down in 2004, he got a call from the board to come back in 2007. Seems like they really missed him – and I bet a few extra billion dollars helped sweeten the deal.

4. Jack Dorsey - Kicked out of Twitter in 2008 for prioritizing yoga and fashion over work, he was invited back in 2015. He stayed until 2021, but now the platform’s under Elon Musk’s control, aka X.

5. Steve Jobs - It’s hard to believe, but Jobs was actually fired from Apple in 1985, only to come back and transform the company from 1997 to 2011.

No, you’re not recruiting Billionaires, but boomerang hires can still be a great asset. If you stumble upon candidates who’ve made a comeback at their previous companies, that’s usually a good sign. We see it all the time and love digging into their stories.

So, what do you think about boomerang hires? Next time you’re hiring, take a peek at your former employees. You might find a gem worth bringing back! Let’s go Boomers!

Overheard at coffee ☕️

Word on the street is that Spirit AeroSystems’ CEO, Pat Shanahan, might just be the next top dog at Boeing. And honestly, he seems like exactly what Boeing needs right now. The guy’s got the chops – with a background in aerospace and mechanical engineering, plus he knows his way around the business side of things. Fun fact: Boeing bought Spirit AeroSystems for a cool $4.7 billion and chose Pat to lead the charge.

In a twist of fate, Pat Shanahan could be Boeing’s ultimate boomerang hire. Go, Pat! We need those planes to fly right!

🚀 OpenAI and Thrive Global just announced Thrive AI, an AI powered health coach to help users drive personal behavior change. I have not tried this AI coach, but the focus will be on sleep, nutrition, fitness, stress management and social connection. More to come on this new tool but these are areas we all seem to need help improving.

🔥 Hot Jobs - $1K Referral Fee

Recruiting Fails: So, we had a client who decided to tack on extra interviews at the last minute. Not exactly our favorite move, but hey, it’s our job to coach the candidates through it.

How many interviews should it take to land a job? Ideally, fewer than four. Studies (thank you to the Google Talent Team) show that after four interviews, you hit a point where more interviews don’t really improve hiring accuracy. But don’t expect every company to follow this rule. Some are just set in their ways.

If you're a recruiter, try your best to streamline the process and keep it to four interviews. But if you can’t change it, don’t sweat it. Just roll with it. If you’re a candidate, same advice – don’t grumble. Just get familiar with the process and keep pushing forward.

With our extra-interview-loving client, we partnered with the candidate and coached them through the whole ordeal. It dragged on a bit, but in the end, they got the offer. Now, our mission is to work with the hiring team to keep future interviews to four or fewer.

The job market is a wild ride, so brace yourself for some unexpected twists and turns in your job search.

Do you have recruiting Fail Stories? Reply with your epic fails – we'll feature them. Own your blunders, embrace vulnerability, and let's all level up together.

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