boomerang
n. An employee who quits to take another job and later returns to the company; an employee who is laid off and then rehired as a consultant or contract worker.
Examples
2000
They‘re boomerangs, employees who quit and then come back. An in an age of job hopping and tight labor markets, employers who once shied away from such hires now are aggressively recruiting former workers back.
—Stephanie Armour, “Companies recruiting former employees Loyalty takes second place to experience,” USA Today, February 02, 2000
1998
One interesting phenomenon of workers in the last two categories is the boomerang-style contract worker. Many organizations are hiring the very highly skilled people they just downsized out of a job. These people then come back on a much more tenuous basis as contract workers in their areas of expertise.
—Donna G. Albrecht, “Reaching new heights,” Workforce, April 01, 1998
1998 (earliest)
Gensler's motivation and retention efforts have yielded impressive results… [I]ts 12 percent "boomerang" rate—the percentage of employees who return to Gensler after leaving voluntarily—is one of the highest in the industry.
—“1997 awards for best business practices,” The Business Journal, January 05, 1998