Jack is Back or What Happened When I Hired an Embezzler

Now I knew Jack was an embezzler. In fact he had just spent about two years in the pokey for “borrowing” money from a Wall Street investment firm. Albeit, a friend of mine convinced me that everyone deserves a second chance and I decided to hire him “on a conditional basis.” At the time, I had a boutique research company in Denver, Colorado and Jack would be a sales rep. Frankly, there wasn’t that much to steal.

Jack looked good, chiseled Grecian features, five-hundred dollar suits, alligator shoes and a really nice brief case. I hired him on a Friday and by the following Monday he had read all of our reports and promotional material and was quite well informed. Jack did a very good job and I was, frankly, impressed.

As I mentioned, there was very little opportunity to misappropriate funds. Our small research company did have an asset which would seem to have only moderate value. We had done some work for trade-out with a local airline. Trade-out is where a company receives sort of a promissory note that can be used for other services. This could include airline tickets, restaurant meals and hotel accommodations.

Soon Jack learned about our trade-out account and he came to me for a “small” favor. He said that he had a girl friend who had helped him when he needed a friend. When he was on probation, she had let him stay at her house. He said he would like to take her to a local ski resort for the weekend to reward her for her generous help.

I mean, how could I refuse? How much could one spend on a single weekend? The trade-out account had $14,000 in it, nevertheless Jack and his friend were able to have a $14,000 weekend. Of course, I didn’t know this until I tried to use the account and by that time, Jack had another job with a large advertising agency. Apparently, it is easier for a person with a job to find another job when he already has one. This is probably especially true for an embezzler. On the plus side, it did provide inspiration to develop the Workplace Attitudes Test. See www.workplaceattitudes.com. Now if I would have had the Workplace Attitudes Test, I suppose I could have still hired him. Nah, I’m not that dumb.

Is It Easier to Hire Good Workers During a Recession?

Dare I say the word “Recession?” In the late-1970s, Alfred Kahn who was Jimmy Carter’s chief economic advisor used this word in one of his discussions with the press. He was quickly summoned to the White House for a wood-shed moment and abandoned the word. He replaced it with the word banana even singing the song, “Yes we have no bananas, we have no bananas today.”

Now assuming that we could be in for one big banana, how does this affect the hiring process? It would seem that with more people looking for work, good people would be easier to find.

Many job candidates in 2008 may be looking for a new position because they are facing serious financial problems, some may be facing foreclosure, and some may have less than excellent credit reports. A lot of times candidates are automatically disqualified because of their credit rating. The truth is that many people are in trouble because of circumstances, not irresponsibility. For example, it could be the housing meltdown, it could be a serious illness in their family, it could be that they started a business that didn’t work out. It is better to judge applicants not by their credit report but by their work-related attitudes.

Are they entitled versus unassuming?
Are they adversarial versus accommodating?
Are they egocentric versus people oriented?
Are they judgmental versus accepting?
Are they vindictive versus forgiving?
Are they insubordinate versus respectful?
Are they undisciplined versus self-disciplined?

Overall, there is not much good about a recession but there are tools to help the interviewer in these challenging times. The Workplace Attitudes Test looks at several of the attitudes listed above, and more. See: http://www.workplaceattitudes.com/.