Analyst Insight: The Pros and Cons of Hiring Former Employees

3Sixty Insights - Analyst Insight - Hiring Former StaffWhat You Need to Know

When it comes to hiring, there are several different approaches you can take. You can post a job listing and wait for applications to come in. You can reach out to your network of contacts to see if anyone knows a good fit. Or, you can go through your company’s roster of former employees and see if there’s anyone you want to bring back into the fold. Of course, there are many other approaches, but let’s focus on the idea of former employees coming back to work.
In a recent LinkedIn survey post, I asked, “Have you ever hired a former employee?” It was surprising that 76 percent responded with “yes, it was a great decision.” These respondents are from many different industries (financial services, retail, software, technology), many different functions (customer success, finance, human resources, legal, marketing), and many different levels (Individual Contributor, Director, Founders, Managers, Vice Presidents).
Have you ever hired a former employee? It’s a decision that every business owner or manager has to make at some point. There are pros and cons to hiring someone who has already worked for your company. Let’s take a look at some of those pros and cons so you can make an informed decision the next time you’re in this situation.

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