There can be a degree of uncertainty when on-boarding new employees and appropriate checks need to be conducted, education, job history and criminal checks are the three most common areas that need verification.
The cost of hiring the wrong employee has been estimated at £8,200 according to the CIPD so not verifying your new talents background can be a costly mistake.The cost of rehiring due to a candidates providing fraudulent background information is significantly higher than running the background check prior to hiring. Even a basic check will highlight any red flags that could be the difference between a successful employee and a costly re-hire.
Another costly mistake is not validating an individual’s “Right to Work.” Each country has a different view on this requirement but all have some form of penalty for failure to comply. While the UK fines a business £20,000 for each infringement, Hong Kong will fine businesses a maximum of $350,000 and three years in jail! (Source http://www.immd.gov.hk/eng/)
No organisation wants to be associated with breaking employment laws in today’s global market place. Google is just as good at pulling up negative press as it is at finding your website so it is important to protect your business from mistakes which can have dire consequences
Within our Total Talent Management service, World Solutions provide an extensive Candidate Qualification service to support your talent acquisition journey. We will verify your shortlisted candidates ID, Right to Work, qualifications, education, media, finance and criminal records. This verified information will enable you to select the candidate who not only looks good on paper but also has all the relevant experience to substantiate their CV.
If it’s a legislative requirement for your sector or you want to bolster your recruitment process to yield better talent acquisition, then BPS World can verify your potential hires background to reduce the need to rehire key staff members.
For a consultation on our Total Talent Management Solution, please contact me, Kris Simpson on 01628 565765 or kris.simpson@bps-world.com