IT companies plan on hiring former employees as business revives: Report

IT companies are looking to hire former employees to fill open positions as the effects of the Covid-19 pandemic begin to ease for some businesses, according to a report by The Economic Times.

After an increase in outsourcing by clients in order to reduce costs and scale up technologies, IT services providers including Mindtree and Birlasoft are seeking to hire their former employees to fill vacancies.

Taking the approach of hiring from their alumni network is useful because they know exactly what the company wants, says the report.

Another advantage for companies hiring former employees is that they can hit the ground running and do not require extensive training that could be expensive and time-consuming as these employees are already familiar with the work culture and practices of the organisation.