Should you re-hire a former employee? Theories vary.
Lew Wasserman re-hired just one employee in his 60 years at Universal (Frank Price).
Jerry Perenchio, one of the savviest managers I've ever heard of, has 20 "Rules of the Road". Number 3 on his list is "Never rehire anyone."
There doesn't have to be a hard and fast rule for your business, but if you are considering a re-hire, here are some good tips (courtesy of Elarbee, Thompson, Sapp & Wilson, LLP).