Hiring the right candidate can be one of the most critical process for an organisation. Quite literally, the next person you hire could be the reason for your company's success or failure. The workforce environment has drastically changed. To gain a competitive edge, companies are focusing less on "filling positions quickly" and concentrating more on adopting new, secure and intuitive approaches that aligns talent with their business model. Verify360 is dedicated to providing timely, accurate and cost-effective background checks to help you make those important hiring decisions.
About 95% of employees steal from their employers, up from 79% in 1999View Source
One out of every 39.5 employees was apprehended for theft from their employer in 2013.View Source
Dollars recovered from dishonest employee apprehensions totalled over $55 million in 2013, an increase of 2.5% from 2012View Source
Employers can cost their workplaces huge sums of money through fraud and embezzlement. A typical organisation may lose 5% of its revenue annually for fraud, that adds up to a loss of more than $3.5 trillionView Source
Pre-employment screening deals with employee background checks on prospective candidates validating their educational qualifications, previous employment and any previous criminal histories associated with them. A thorough and reliable pre-employment screening effectively minimises risks and liabilities in the long run.
A recent survey conducted by Go Gulf, stated that about 43% of employers said that they did not hire a candidate after conducting pre-employment screenings. Pre-employment screening helps employers evaluate the professionalism of candidates, gives more insight of their qualifications and decide if they can be a perfect fit for the company.
Post-employment screening is just as important as pre-employment screening. Since an employee has access to various confidential information about the conduct and contacts of the organisation, it becomes essential for the employers to have an idea about their movements.
A KPMG survey showed that in 21 percent of all cases where existing employees were involved in fraud, their lifestyles changed to a point where it was noticeable, but that these signs were ignored. Post employment screenings usually help identify criminal behaviour, adverse credit history and drug or substance abuse before it is too late.