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The accounting firm Ernst & Young believes that employees who have resigned from the firm...

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Accounting

The accounting firm Ernst & Young believes that employees who have resigned from the firm are very important to its future success. Many of these people rejoin the firm. In fact, on average, 25 percent of the firms experienced hires are boomerangs who left the company and then returned. The company even has a referral incentive program to reward former employees who send candidates to Ernst & Young. In addition to maintaining a directory of all of its former employees, Ernst & Young has a Web site dedicated to maintaining relations with them. The Web site contains job postings, news about former employees, and a social events calendar. In addition, the Web site contains information about key industry and business issues, and news pages with updates and firm announcements. Questions: 1. Do you think that it is a good idea for Ernst & Young to hire previous employees? Why or why not? 2. What are some advantages and disadvantages of creating and managing this type of alumni network and Web site?

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