Pre-employment screening is one of the most effective ways of determining whether a job candidate may pose a risk to your business. While sorting thorough resumes and holding interviews may help you decide who is the most well-qualified or who boasts the most experience, relying solely on these measures is far from foolproof.
In fact, a recent study by HireRight found that over a third of job applicants lie on their resumes. The most common falsehoods presented involve education, technical skills, and dates of employment. As an employer, failing to fact-check these claims puts you at risk of hiring individuals who are inexperienced and underqualified for the position, and the additional time required to properly train an inexperienced employee could significantly impact your bottom line.
Additionally, if your company is acquired by another, it may undergo an audit wherein current employees are re-screened. Former Yahoo CEO Scott Thompson and former Notre Dame football coach George O’Leary are just two high-profile examples of cases in which falsified background information cost individual embarrassment as well as serious damage to a company’s reputation.
Bottom line – your reputation matters. As does the productivity of your business. Safeguard both by conducting consistent pre-employment screening. Doing so will help you safeguard your business from hiring underqualified or otherwise unethical individuals and can help you make hiring decisions that allow your business to flourish rather than fail.