Question

How Is it a good practice to rehire a former CEO who has retired? Please explain the potential advantages and disadvantages of doing so.

Answer 1

It is good practice to rehome the former CEO who had retired. Because by hiring the CEO back, company can utilize the greate skills, knowledge, experience, and guidance for the organization. This will help to enhance the potential customers and profit to organization.

Let us know advantages and disadvantages of retiring the CEO.

Advantages:

• Companies can utilize the skills and experience.
• Retiring the CEO helps to guide the other employees.
• Get the old customers back thus enhance the profit.
• Stabilizers the business operation due to his past experience.

Disadvantages:

• Lack of energy and enthusiasm
• Rehiring the former CEO may use outdated technology and ideas.
• Difficult to find new business and new customers.

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