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Title: The Boomerang Principle
Subtitle: Inspire Lifetime Loyalty from Your Employees
Author: Lee Caraher
Narrator: Lee Caraher
Format: Unabridged
Length: 4 hrs and 35 mins
Language: English
Release date: 06-19-17
Publisher: Bibliomotion, Inc.
Ratings: 5 of 5 out of 1 votes
Genres: Business, Management
Publisher's Summary:
It is rare today for employees to stay with one organization for the long tenures that were the norm before the Great Recession. In fact, "job hopping" is the new norm, especially for Millennials. In The Boomerang Principle, companies learn how to leverage this fact rather than fear it. By engendering a lifetime of loyalty from former employees, leaders can see them "return" in the form of customers, partners, clients, advocates, contractors, and even returning employees.
Author Lee Caraher has built several companies and managed many Millennials along the way. In her first book, Millennials & Management, she shared her wisdom on how to get an intergenerational workforce to contribute to the larger goals of the organization. In this follow-up book, she shifts the emphasis to creating valuable, long-lasting relationships with your employees to ensure they remain your biggest fans, even if they leave the company.
The Boomerang Principle is a pragmatic answer to the outdated corporate mindset around employee turnover. Instead, it shifts the focus to creating lifetime loyalty from your alumni who will bring back business again and again.
Members Reviews:
Must Read for Forward-Thinking Leaders
"You're dead to me!" That's the attitude many companies take when an employee leaves. But when the demand for talent is more pressing than ever, viewing a previous employee as a pariah is simply bad business. Lee Carahar's new book, The Boomerang Principle, offers insights into why creating cultures in which employees want to return is a win for everyone.
This approach is particularly powerful when it comes to attracting and retaining women. As I learned when researching and writing my book, Work Pause Thrive: How to Pause for Parenthood Without Killing Your Career, nearly 25% of college educated women pause their careers to care for family as do 57% of women who attend elite colleges. With all of this talent leaving the paid workforce, we need solutions to bring them back in. A workplace culture based on the Boomerang Principle inherently understands the deep value of recapturing this talent base.
This book is a must read for forward-thinking leaders who want to attract, retain, and re-attract the best talent.Work PAUSE Thrive: How to Pause for Parenthood Without Killing Your Career
... provides new insight into management in a readable and intelligent way. I found it extremely helpful and think ...
This book provides new insight into management in a readable and intelligent way. I found it extremely helpful and think it would be helpful to anyone in management. It offers very interesting concept that can change your perspective on your employees.
Clever, gracious and applicable to anyone in business today
While written with Millennials in mind, Lee Caraherâs sage advice â crafted with wit, heart and her signature storytelling style â really applies to anyone in todayâs business environment. Check out Chapter 2 (The Evolution of Loyalty) and Chapter 5 (When Millennials Thrive, so Do Gen Xers and Boomers) and youâll see what I mean. Yet The Boomerang Principleâs best idea is the âAlumni Club,â a natural outgrowth of the âsmall worldâ phenomenon that exists in business, education and personal life.