40% of Employers Plan to Rehire Some Workers They Laid Off, OI Partners Survey Finds -- Financial Services & Manufacturing Companies Are Most Likely To Rehire Workers
Nashville, TN (PRWEB) September 16, 2009 -- As the economy slowly improves, 40% of employers are planning to rehire some former workers they laid off as either full-time employees or as consultants and freelancers to add needed skills, according to a survey by OI Partners, a global career transition and coaching firm with over 200 locally-owned offices in 27 countries.
37% of employers do not plan on rehiring any laid-off workers, and 23% are not sure of their plans, according to the survey of 318 organizations throughout North America by OI Partners (http://www.oipartners.net).
52% of employers have at least occasionally rehired laid-off workers as either full-time employees, consultants, or for project work. 16% of companies have frequently rehired some laid-off employees, and 36% have occasionally done so, while 29% rarely do, and 19% never do.
The top reason companies are rehiring, or planning to rehire, laid-off employees is that their skills are known to the employers. Other main reasons for rehiring former employees are: they fit into the company's culture and environment; there is a shortage of experts in specialty areas such as information technology, marketing, and finance; and it is less risky than hiring new employees.
As business picks up, employers may first hire employees for temporary and project work before hiring full-time employees, and they are more willing to bring back laid-off workers as contractors or staff. "This attitude represents a major shift in employers' rehiring philosophy. In the past, companies would not rehire laid-off employees, but now they are more willing, and more employees may consider returning," said Tim Schoonover, chairman of OI Partners.
"Rehiring laid-off employees is a way to keep hiring costs down, since there will not be any fees to be paid. Employers already know the workers' talents and skills, they can get back to performing their old jobs quickly, and have already demonstrated they fit well into the organization," Schoonover add