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High staff turnover
- Negligent hiring lawsuits
- Low employee morale
- Ballooning recruitment costs
- Lawsuits initiated by employees
- Unqualified and incompetent staff members
- Low productivity
- Fraud and dishonesty by employees
- Escalating training costs
- Disruptive and dangerous staff members
- Professional/corporate negligence lawsuits
Sounds familiar?
HR managers spend a lot of their valuable time dealing with the repercussions of unsuccessful hires.
The solution?
A comprehensive, systematic, consistent, objective well-documented First Advantage – Asia Pre-Employment Background Screening program.
Some interesting facts about Screening
- The Financial Action Task Force on Money Laundering (FATF) recommends the development of adequate screening procedures to ensure high standards when hiring employees (Recommendation 15a of the Forty Recommendations)
- IS0 9001 requires the verification of experience, education, training and skills.
- The Hong Kong Monetary Authority requires banks to thoroughly screen their managers.
- As part of the Customs -Trade Partnership Against Terrorism the U.S. Customs Service recommends that companies should conduct employment screening of prospective employees.
- The explosion in the availability and use of fake qualifications in countries such as China, India and Philippines has been highlighted as a serious concern by their governments (the Chinese government estimates there are at least 600,000 more degrees in circulation than degrees awarded and Indian police seized 39,000 fake diplomas in one day).
- High quality fake diplomas purporting to be from virtually any institution in the world can be purchased online for a few hundred dollars (so the physical checking of "original" degree certificates is no longer sufficient).
- 10% of your hires cause 90% of your headaches
- 20% of resumes contain major inconsistencies.
- 75% of IT security incidents are caused from within the company - not by hackers (Gartner Group).
- 46% of all corporate fraud is internal and causes 50% of total loss.
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