Jay Goltz's list of 11 ways to destroy a company was published October 27 in the New York Times column "You're the Boss." Here are a few items on his list that relate to I-O psychologist:
"3. Interviewing. It is both art and science. Like a bad science experiment, it can cause explosions. Having someone who hasn’t been properly trained interview prospective employees is a recipe for disaster. There are many questions that you cannot ask without risking a nasty lawsuit that will cost plenty of time and money.
10. Bad controls. Many companies have gone broke because of theft or embezzlement. Your accountant should help you set up these systems.
11. Bad company policies. I was just in a spa. There was a sign posted that said that tips must be paid in cash. I asked why. (Apparently, they get asked about this a lot.) The receptionist explained that the employees didn’t necessarily claim all of the tips and the company did, so there could be a discrepancy if either got audited. Not a great story. I am sure that some customers — 5 percent? 20 percent? — will either find it inconvenient to use cash or will resent supporting tax evasion. If I am right and they lose customers, the spa will undoubtedly blame the losses on competition or the economy."
To read more from Jay Goltz, visit the New York Times' Web site.
Submitted by the SIOP electronic Communications Committee.