Get All Access for $5/mo

Hiring Former Employees Before you take them back, consider the pros and cons.

On the plus side, by rehiring a former worker you can probablyreduce the risk of making a mistake. You know the employee'sskills, abilities and work style. You know the person, and he orshe knows your system. All in all, it sounds like a great idea. Butwait: You should carefully consider why that person left in thefirst place, what he or she has been doing in the meantime, and whyhe wants to return. It's often tempting to rehire marginalemployees just because you need the bodies, and it seems easierthan searching from scratch. But that's the wrong reason.

If you have other employees, check with them to see what theythought of the ex-staffer. You should also ask suppliers, vendorsand customers for their opinions. Sure, it makes sense to considerex-employees when you're hiring, but make sure you have all thefacts first.

Excerpted from Get Smart: 365 Tips To Boost YourEntrepreneurial IQ

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

How Nvidia CEO Jensen Huang Transformed a Graphics Card Company Into an AI Giant: 'One of the Most Remarkable Business Pivots in History'

Here's how Nvidia pivoted its business to explore an emerging technology a decade in advance.

Starting a Business

How to Find the Right Programmers: A Brief Guideline for Startup Founders

For startup founders under a plethora of challenges like timing, investors and changing market demand, it is extremely hard to hire programmers who can deliver.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Want to Start a Business? Skip the MBA, Says Bestselling Author

Entrepreneur Josh Kaufman says that the average person with an idea can go from working a job to earning $10,000 a month running their own business — no MBA required.