Each organisation has unique goals and requirements when they choose to implement background checks as part of a pre-employment screening programme. Common in today’s marketplace, background checking delivers a number of benefits to organisations beyond reducing theft, revealing CV fraud, and reducing employee turnover.
The measurable benefits of performing background checks include the following:
Outsourcing your pre-employment screening will facilitate:
Job candidates may look to gain an advantage through dishonest means, usually in the form of exaggerations on their CV. Although only 12% of workers admit to embellishing, it is currently estimated that as many as one in three jobseekers have included some form of lie on their CV. Common misrepresentations include candidates lying about their reasons for leaving a job, possibly in an attempt to cover up a dismissal, as well as the candidate lying about the position in which they were employed, in order to appear more experienced. In the past, BackCheck has uncovered scenarios where candidates have gone as far as to completely fabricate a period of employment at an organisation which has no record of them ever being employed.
Other serious offences include candidates lying about the level of education that they have achieved. Many jobseekers exaggerate the level of degree they have obtained, and some lie about having completed a degree at all! The existence of diploma mills and fake education institutions that exchange cash for counterfeit degrees means that checking that an individual actually graduated, and confirming the exact level of award claimed, is essential.
According to the CIPD, the median recruitment cost of filling a vacancy in 2012 was £8,000 for senior managers/directors and £3,000 for other employees.
An effectively implemented pre-employment screening programme can help reduce turnover and the associated costs by ensuring that only the most suitable candidates are being hired for your positions. As more than one in five employees leaves within the first six months of joining a company, screening your candidates can help identify those individuals who will fit best within your organisation and be more likely to stay for the long term.
Screening will also help filter out candidates who may not possess the necessary skills to succeed at your company, which otherwise might result in the employee voluntarily leaving the organisation or being terminated for poor performance, both of which can be costly for the company. Reference Checks are an excellent way to obtain an evaluation of your candidate’s previous work performance, which is considered the best indicator of their future performance.
Theft & Violence
Organisations have a duty to provide a safe place of business for their employees and their customers, and to ensure that their customers’ interests are protected.
As businesses attempt to navigate safely through the depths of the recession, the latest FraudTrack report found that fraud rocketed to more than £2bn in the UK, representing a 50% increase. Furthermore, cases of staff fraud increased by 14.5% in 2011 according to CIFAS (The UK's Fraud Prevention Agency).
Screening candidates before they enter the workplace is the best way to evaluate the threat that they pose. If the old adage ‘desperate times lead to desperate measures’ holds true, the current global recession creates a climate where statistics show that people are more likely to commit criminal behaviour to profit. Verifying the financial soundness of your candidate and uncovering any propensities towards dishonest behaviour can provide peace of mind that they will not be tempted to profit from the company through dishonest means.