Instinct is a powerful force.
It’s helped create business empires. It gives creative guidance, and it directs everyday business decisions. But is instinct always a perfect judge when it comes to human nature?
We all want to think the best of each other. But in hiring, one wrong decision can be expensive. It always helps to have data to confirm our instincts.
The Business of Fraud
Listen to these statistics: more than 50 percent of job seekers are less than honest during the hiring process. Just under 30 percent don’t tell the truth about their education or their former job.
According to information from the American Institute of Certified Fraud Examiners, companies lose, on average, 5 percent of their gross sales in fraud, and it can take up to 18 months to discover a dishonest employee. That hurts everyone in a company.
The First Defense against Fraud
Screening is a great first line of defense against fraud. Here are some ways it can help.
Develop a compliant screening policy and follow it. Have an established policy that treats everyone equally, even those who may have been previously employed with you. You may want to screen temporary or contract workers too, especially those with access to sensitive information or valuable assets.
Consider what information you’ll need in hiring. Depending on the job description, background screening can vary. High-level jobs should involve more in-depth screening.
Don’t lose your perspective. Judging by stats, hiring can feel like a leap of faith. After all, you’re investing your company’s future in a perfect stranger. But that’s where screening helps. Screening confirms the good instincts you already have with data and facts.
Don’t get hurt by fraud. Connect with a professional screening partner like ClearStar. Our experience and technology supply screening results you can trust. Want to know more? Contact us today!
