57% of employers say the leading benefit of background checks is better quality of hire.
85% of employers report finding misrepresentations on a resume or job application.
77% of employers say background screening uncovered issues that wouldn’t have been caught otherwise.
According to a study by the Human Resources consultancy Randstad entitled “Annual trends in salaries, benefits and workplaces 2014”, 75% of respondents mention reference checking as a standard practice in the hiring process of their company, obtaining the first place in this question
Experts warn that six out of 10 employers have rejected a candidate for a bad job reference.
Companies that invest in the candidate’s experience improve the quality of new hires by 70%.
Time savings: up to 40% on administrative tasks. The tool works for you allowing you to automate tasks and be more efficient.
62% see the ease of the application process as an important part of going for a new job. 88% would be more likely to encourage others to apply for a job with the same company.
96% of employers conduct at least one type of background screening.” The research confirmed that background checks are a standard part of the hiring
process in the U.S.
Only 4 % reported that they do not conduct employment background checks. Of those in this category, 29% said that cost is the motivating factor in skipping background checks, 27% couldn’t give a reason.
The Wall Street Journal said that 34% of all application forms contain outright lies about experience, education and the ability to perform essential functions of the job. (Source: The Cedalius Group)
College and University registrar’s report that at least 60% of the verifications they receive contain falsified information. (Source: The Cedalius Group)
11% of job applicants misrepresented why they left a former employer. (Source: Hubspot)
It has been estimated that resume fraud costs employers approximately $ 600 billion annually. (Source: The Association of Certified Fraud Examiners)
A third of the job prospects exaggerated their accomplished, and another third fudged on their employment chronologies. (Source: CorraGroup)
53% of all job applications contain inaccurate information. (Source: Society of Human Resources Management)
In a survey conducted by CareerBuilder.com, 49% of the 3,100 hiring managers surveyed had caught a job applicant fabricating some part of his/her resume. (Source: CareerBuilder)
9% of job applicants falsely claimed they had a college degree, listed false employers, or identified jobs that didn’t exist. (Source: Hubspot)
Nearly one-third of job applications listed dates of employment that were inaccurate by more than three months. (Source: Background Profiles)
According to a recent study, 67% of job applications and resumes in the U.S. contain misrepresentations. (Source: American Psychological Association)
Nearly half – 46% – of more than 1,000 workers and 300 senior managers reported they knew job applicants who misrepresented themselves and included false information on a resume. (Source: Office Team A Robert Half Company)
Sixteen percent of executive resumes contain false academic claims and/or material omissions relating to educational experience. (Source: Business Week)
Fraud and abuse costs U.S. organizations more than $400 billion annually. (Source: Association of Certified Fraud Examiners)
The average organization loses more than $9 per day per employee to fraud and abuse. (Source: Association of Certified Fraud Examiners)
The average organization loses about 6% of its total annual revenue to fraud and abuse committed by its own employees. (Source: Association of Certified Fraud Examiners)
Losses caused by managers are four times those caused by employees. (Source: Association of Certified Fraud Examiners)
Median losses caused by executives are 16 times those of their employees. (Source: Association of Certified Fraud Examiners)
The most costly abuses occur in organizations with less than 100 employees. (Source: Association of Certified Fraud Examiners)
The highest media losses occur in the real estate financing sector. (Source: Association of Certified Fraud Examiners)
Occupational fraud cases caused a total loss of more than $6.3 billion and the median loss from a single case of occupational fraud was $150,000. (Source: ACFE)
Employee theft in the United States accounted for 43 percent of lost revenue – about $18 billion. (Source: Global Retail Theft Barometer)
65 million people in the United States – more than one in four adults – are estimated to have criminal records. (Source: NELP)
Nearly 80% of the workforce admit they would or at least would consider stealing from their employers. (Source: Awareness Technologies)
Employee theft costs businesses between $60 and $120 Billion, annually. (Source: CNBC)
In 2007, one in every 28.2 employees was apprehended for theft from their employer. (Source: Jack Hayes International, Inc., 2007)
The FBI calls employee theft the fastest growing crime in America. 55% of perpetrators of employee theft are managers. ( Source: American Society of Employers)