Latest news with #joboffer
Forbes
2 days ago
- Business
- Forbes
5 Reasons To Accept A Job Offer From Your Former Employer
The phone rings, and it's your former manager with a job offer to come back to your old company. Your initial reaction might be one of confusion, skepticism or even a little satisfaction. After all, they reached out to you. But then the doubts start creeping in. Does accepting a job offer from your previous employer mean you're taking a step back in your career? According to ADP Research, boomerang employees accounted for 35% of all new hires in March 2025, up from 31% the previous year and marking an all-time high. This trend spans industries, with the information sector leading with a remarkable 68% of new hires being former employees. Companies like Cognizant have welcomed back 13,000 former employees from 40 countries, with Chief People Officer Kathy Diaz reporting a 40% surge in returning employees over the past two years. These numbers paint a clear picture. Returning to a former employer isn't a regression but rather a career advancement. If you're considering a boomerang opportunity, here are five compelling reasons why accepting that job offer from your former employer could be the smartest career move you'll make. When you return to a former employer, you already understand the company's culture, decision-making processes and key relationships. This institutional knowledge translates into immediate productivity gains. Nela Richardson, ADP's chief economist and ESG officer, describes boomerang employees as having "the best of the new hires and the best of the existing workforce in one person. They get the fresh ideas, the fresh outlook, the new experiences, and someone who's been perhaps successful in their former role." While external hires spend months figuring out how things work, you can jump in and make an impact from day one, positioning yourself for high-visibility projects and rapid career advancement. Document specific examples of how your institutional knowledge will create immediate value. Prepare concrete scenarios that demonstrate how you can address current challenges or contribute to ongoing projects without the typical learning curve. Create a 30-60-90 day impact plan to present during salary negotiations, highlighting quick wins you can achieve based on your existing knowledge of the company. A job offer from a former manager puts you in a uniquely powerful negotiating position. Your previous employer already knows your capabilities and work ethic, while you've gained external experience that makes you more valuable than when you originally left. You can command higher compensation based on the skills and insights you've acquired elsewhere, combined with your existing knowledge of the company. Research current market rates for your role and create a comprehensive compensation package that includes both monetary benefits (salary, bonus, equity) and non-monetary perks (remote work, flexible schedules, additional vacation time, professional development budget). Schedule informal conversations with former co-workers to learn about the company's current salary structure and recent changes in benefits or work arrangements. The experience you've gained at other organizations sets you apart from internal candidates. Your outside perspective helps you spot solutions and opportunities that long-time employees often miss. You bring fresh eyes to ongoing challenges and can share ideas from different industries, making you invaluable for driving innovation. Before accepting the job offer, prepare specific examples of best practices, technologies or methodologies you've learned that could benefit your former employer. Focus on innovations that address known challenges or could create new opportunities. Identify several concrete improvements you could implement in your first six months, backed by successful examples from your external experience. Organizations evolve, and the reasons you originally left might no longer exist. Leadership changes, cultural shifts and strategic pivots can transform a workplace dramatically. What felt like insurmountable issues might have been addressed through new management, policy changes or organizational restructuring. Create a list of specific questions to ask about changes in leadership, policies and culture. Also, look for structural improvements, like new reporting relationships or revised performance management systems. Schedule one-on-one meetings with former colleagues who are still at the company to receive honest feedback about the current environment and any changes that have occurred since your departure. When a former employer extends a job offer, especially through personalized outreach, it signals that you're someone they've specifically identified as valuable. This targeted approach suggests that they're serious about bringing you back and are probably willing to make a competitive job offer. Evaluate whether the outreach feels personalized or like mass recruitment. Genuine interest should include specific details about why they want you back and what role they envision for you. Ask specific questions about why they're reaching out now, what's changed since you left and what unique value they see you bringing to the organization in this new context. While accepting a job offer from a former employer can be beneficial, you should proceed carefully. Be honest about what's driving you to consider going back by asking yourself tough questions and being mindful of potential red flags. Trust your instincts during this evaluation process. If conversations with trusted sources reveal that little has changed, or if you're still experiencing the same negative emotions, returning might not be the right choice. The rise in boomerang hires highlights clear advantages for both employers and returning professionals. When considering a job offer from a former employer, evaluate it as rigorously as any major career decision. Reflect on how the role aligns with your long-term goals, what has changed since your departure and where you now have greater leverage. Rejoining a previous employer lets you combine institutional knowledge with a fresh perspective. When the timing and circumstances are right, returning could be one of your smartest career moves.
Entrepreneur
5 days ago
- Business
- Entrepreneur
JPMorgan Will Fire Bankers Who Accept Future-Dated Offers
According to a leaked memo, JPMorgan is telling junior analysts that they will be fired if they accept another job in advance. JPMorgan Chase, the largest bank in the U.S. with $3.9 trillion in assets, is cracking down on junior employees accepting other positions while working at the firm, according to a leaked email. Private equity firms offer candidates jobs up to two years in advance of a start date. This extended timeline means that recent graduates often seek out high-paying private equity jobs before (or while) working as investment banking analysts at companies like JPMorgan. Now, JPMorgan is warning incoming U.S. analysts that they will be fired if they accept a future-dated job offer within 18 months of joining the firm. Related: JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate The leaked email, sent by JPMorgan's co-heads of global banking, Filippo Gori and John Simmons, to newly recruited analysts last week, reads: "If you accept a position with another company before joining us or within your first 18 months, you will be provided notice and your employment with the firm will end." The new policy is intended to remove any "potential conflicts of interest" and maintain the trust of the bank's clients, the email explains. The memo also states that analysts can be fired for missing onboarding sessions and summer training. The email added that, in return, JPMorgan would reduce the time it takes to get to the associate level, from three years to two and a half years, to promote promising talent more quickly. Related: JPMorgan CEO Jamie Dimon Just Made a Big Announcement About His Retirement Timeline: 'I Love What I Do' JPMorgan CEO Jamie Dimon, 69, addressed the problem of losing talent to private equity late last year, calling the practice "unethical." "I know a lot of you work at JPMorgan, you take a job at a private equity shop before you even start with us," Dimon said at a talk at Georgetown University in September. "I think that's unethical. I don't like it." Dimon said that the practice of job hopping to private equity puts JPMorgan "in a conflicted position" because junior analysts are already promised to another firm while dealing with confidential information at JPMorgan. JPMorgan CEO Jamie Dimon. Photographer: Qilai Shen/Bloomberg via Getty Images Private equity typically pays more compared to investment banking. Associates at private equity firms make a median of $236,000 per year, including base pay and bonuses, according to Glassdoor data. In comparison, first-year analysts at JPMorgan make $100,000 per year in base salary, with pay rising to $105,000 for second-year analysts and $110,000 for third-year staff. Investment banking hours are also longer than private equity hours, though JPMorgan began restricting junior investment bankers' working hours to 80 hours a week in September. Private equity firms still require less office time, an average of 60 to 70 hours per week. The average U.S. workweek was 34.3 hours in May.
Washington Post
5 days ago
- Business
- Washington Post
Work Advice: Risk your bonus or your reputation?
Reader: Our son, who's in his mid-twenties, has received a nice job offer in the city of his dreams. He'll be leaving a reputable financial services firm, his first job since college. His new firm needs him in three weeks, having extended the start date to accommodate his move.
Independent Singapore
04-06-2025
- Business
- Independent Singapore
'Start low, climb slow?' — Fresh grad disappointed by job offer as salary falls short of expectations
SINGAPORE: For many fresh graduates entering the workforce, deciding whether to accept a job offer often comes down to one key question: 'Does the salary justify the years of studying and the money spent on getting a degree?' In a recent Reddit post, a new graduate shared that he had received a job offer shortly after completing his studies. While he was grateful for the opportunity, he felt somewhat disappointed by the offer, as the starting salary was lower than he had hoped. Despite this, he was inclined to accept the role because of its non-monetary benefits, such as opportunities for growth and a positive work environment. Still, he expressed concern about how a lower starting salary might impact his future earning potential. ' I am concerned with the growth of my salary in future,' he wrote, voicing a concern familiar to many young job seekers. 'How important is your starting salary in Singapore. Is it common for employers to ask for previous salary and give an increment based on that? I am afraid of the start low and take longer to climb scenario. I would appreciate advice from you guys on this situation.' 'Yes, it matters at the beginning, but the future is all based on skill and luck…' His post sparked a lively discussion among other Redditors, many of whom weighed in with their own experiences and advice. Several shared that in Singapore, it is indeed common for employers to ask for your last drawn salary and use it as a guide when making an offer. This practice, they said, can sometimes slow down salary growth, especially for those who start on the lower end and don't make strategic moves early in their careers. One Redditor shared, 'I had a friend who was bonded to a company. After grad, he got lowballed by this company, and after finishing the bond, he can only benchmark from his previous salary, no need to guess the ending. So yes, starting salary is very important.' Another commented, 'Important. When you want to change jobs next time, employers will ask for your last drawn salary. If your current salary is low, chances are your increment will be low as well.' On the other hand, others took a more encouraging view, pointing out that for fresh graduates, the first job is often less about securing a high salary and more about gaining experience, building skills, and forming strong professional networks. As one Redditor put it, 'I think what you do and how you do your job and the networks you form are going to be far more important. I know people who have gone from making S$40k a year to S$300k a year in 10 years (not a doctor or dentist), so yes, it can be done.' Another user added that your starting pay doesn't always determine where you'll end up, 'I've seen people that started drawing S$6k as a fresh grad, eight years later barely hitting S$10k. Likewise, people who start at S$4k but hit S$10k within five years. Yes, it matters at the beginning, but the future is all based on skill and luck.' NTU survey shows fresh grads care most about salary and benefits when picking their first job In an ideal situation, people might choose a job based on passion or the potential to learn and grow. However, with the rising cost of living, many are prioritising practicality when it comes to career decisions. A survey by Nanyang Technological University (NTU) found that 41.5% of students ranked salary and benefits as the top priority when choosing their first job. Growth opportunities came in second at 34.2%, followed by work environment (14.2%), job stability (8%), and other factors (2.1%). Still, despite salary being a top concern, many students appear willing to compromise. When asked if they would accept a job offer that paid less than expected, 73% said they would. Moreover, NTU career coach Angeline Sim noted that while salary is definitely important, it shouldn't be the only thing graduates look at when deciding on a job. She encouraged fresh grads to think about how the role fits into their long-term career goals. 'Reflect on whether the role offers opportunities for growth, skill development, and career progression,' Ms. Sim said. 'Research the company culture, values, and reputation to ensure it aligns with your own career values and preferred working style.' Read also: 'I feel underqualified' — New hire considers quitting her job less than a month in, as she's 'left to struggle without much help' Featured image by Depositphotos (for illustration purposes only)
Malay Mail
27-05-2025
- Malay Mail
Lured by handicraft job offer on Facebook, Dungun housewife loses RM112,206 in scam
DUNGUN, May 27 — A housewife lost RM112,206 after being duped by a syndicate offering a non-existent job. Dungun police chief Superintendent Maizura Abdul Kadir said the 27-year-old victim saw a job offer advertised by a handicraft company on Facebook on May 19 and contacted the suspect on the Messenger application before providing her details for registration purposes. 'The suspect told the victim to make a payment of RM100 as an initial assignment investment. After which she was added to a WhatsApp group which offered huge commissions for every assignment,' she said in a statement today. Maizura said the victim then made 28 cash transactions into 10 different bank accounts totalling RM112,206 using her savings before realising that she had been scammed when the suspect refused to make a refund by claiming that the company's account had been frozen. 'The victim lodged a police report yesterday and the case is being investigated under Section 420 of the Penal Code,' she said. — Bernama
