Since the pandemic, there has been an unprecedented wave of resignations across the job industry. According to figures from the Israel Employment Service, the number of resignations in Israel leapt by 50% this past October when compared to the corresponding month in 2019. There was an increase of 20% when comparing September 2021 to September 2019. This phenomenon has caused a leap in the number of “boomerang employees.” The Tefen survey, conducted among people between the ages of 21-45, found that in Israel the high-tech sector had 10 times more boomerang employees than any other industry.
“Over the past year, ‘boomerang employees’ have become far more common among Millenials and Gen-Z. Workers especially in the high tech industry are often blinded by the variety of perks that companies offer, and are far more exposed to million-shekel campaigns on television and billboards. They read articles about companies who take their employees on vacations to the Seychelles and throw huge parties with concerts by popular artists; they see posts on Facebook calling for current employees to get their friends hired, and even receive a slew of tempting offers via the internet every day. Even if they are in a relatively good workplace, the feeling of FOMO (fear of missing out) takes over and they have the urge to check other available options,” says Mally Bitzur-Parnes, CEO and founder of the Tefen Group, which specializes in management and consulting. “The pandemic exacerbated this phenomenon and made many people want to make their dreams come true. Now, we’re living in unpredictable times. Even if it means leaving your comfort zone and quitting in hopes of finding something better, people are eager for that change. When it comes down to it, we’ve seen employees prefer to return to their original workplace after coming to the conclusion that not all that glitters is gold. I think this trend will continue,” she says.