Rehiring Retirees as Consultants Is Bad Business

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Author: Dorothy Leonard and Steven Labate | Source: Harvard Business School Publishing | Published: May 2, 2013

Why would any organization set up a system that discourages experts from sharing their business-critical knowledge?
Obviously, no leader deliberately set out to do such a thing. Yet it happens all the time when companies make a practice of hiring back retirees as consultants to perform the same functions they did before, at higher pay.