Recapturing and training talent through returnships.
In 2008, Goldman Sachs was the first financial services firm to launch a returnship program, originally designed for women reentering the workforce after a maternity leave.
The program, similar to an internship, offers a period of guided exploration during which workers sharpen skills and ease into the work environment that likely changed while they were away. Ultimately, the concept resonated with all ages and genders wishing to retrain and reenter the workforce after a hiatus. Today, Morgan Stanley, MetLife, and Fidelity have established similar programs.
The multigenerational workers of the future will experience periods of time out of the workforce. Programs designed to facilitate reentry will benefit parents, caregivers, sick employees, and all who choose to take a leave of absence.
Source: “Good News for Job Seekers Over 50”, AARP 2018