I'd like to hear your advice and experiences in hiring and managing personal friends.
I have a good personal friend/former colleague (friend first, colleague later) who I think would be just the ticket to help me jump start the department I've been hired to create. I am interesting in bringing him on as an employee, and he's interested, even though it means giving up a more lucrative job.
I am, however, unsure whether it's a good idea to bring a personal friend on board as a subordinate/direct. We have worked together in the past, but always on either a short term basis or as peers. We've never had an extended working relationship that covered performance reviews, compensation, etc.
I think we can act professionally and work well together, but I'd hate to break up our friendship over a professional dispute.
I'm less concerned with the hiring itself, since I would pretty much bring him in to interview and let my colleagues make the hiring decision. I know I can't be unbiased.
If you have any experiences, insights or advice, I'd love to hear them. Thanks.