Enron Scandal May Alter Hiring Process

Compiled ByJill Jusko Closer scrutiny of potential employers by job-seekers is yet another likely result of the Enron scandal, says one international executive-recruitment firm. "Employer credibility is likely to be a crucial asset in attracting and retaining talented workers in the coming months, as companies position themselves for growth in a recovering economy," says John A. Challenger, CEO of Challenger, Gray & Christmas Inc. The extra scrutiny may slow the hiring process, but firms can be proactive to establish credibility promptly with job candidates. "Some companies may consider providing [candidates with] the employee handbook and recent reports to stockholders early in the interview process. Establishing such an open book policy would send a strong message to existing workers as well as prospective employees that the company can be trusted and stands behind its reputation, policies and standards," Challenger says.