Select the Employee with Employment Verification Services

Employee with Employment Verification Services

Companies, whether it is small-scale or large-scale, are always looking forward for talented employees to help them grow their business and contribute in achieving the success. Selecting the right candidate can dictate the success of your company, but a bad hire can impact badly on the productivity, business outcome and the overall growth. Indubitably, there is a lot of talent out there, but how you can ensure that the applicants coming for interview are showcasing the genuine professional experience and educational qualification on their resume?

Every organisation prefer resume to recognise the candidate’s ability to fill a job position with the desired set of job skills. Unfortunately, statistics revealed that nearly 40-50% of resumes contain one or more discrepancies. Fake resumes can cost your valuable time, money and of course energy. Well, this is not the end; the cost of selecting a fraud candidate runs high.

Here are some statistics that you can keep in your mind:

• The cost of replacing an employee ranges from 2-7 times his/her salary
• Hiring and training may cost up to 25- 30% of employee’s salary
• 80% of employee turnover impacts due to bad hiring

When you hire someone who does not have educational qualification and professional course certificate as they claim or has a false social records, you are at the major stake of wrecking your business image, wasting your resources on hiring, and losing new business opportunities. Moreover, negligent hiring practices can take your business into the legal proceedings.  

Conduct a background verification

When you hire a candidate for a specific job role, you may be entrusting the candidate with the crucial business projects. In addition, you are sharing them with the confidential business information, financial information and possibly the company’s business assets. So, when you are hiring a wrong candidate, all your business crucial assets are at stake. With one fake hiring, your business reputation gets into trouble and huge revenue loss will occur. With a thorough resume verification or background check, you can ensure that the claims a job candidate made are genuine. It can also help unleash any misrepresentations or fake details presented by the candidates during the recruitment process.     

Let’s take a quick look on the importance of hiring employment verification services.

Comprehensive screening: With the help of employment verification services, you can prevent your company from the dangerous consequences of hiring fraud candidates. Such service providers have a team of professional data verification agents that perform comprehensive screening of the employees’ data including permanent or temporary address details, education background check, previous employment check, and educational background check.    

Expert assistance: You don’t need to get worried about the employee screening because it is completely managed by skilled data verification agents who have expertise in performing verification. Once any kind of discrepancy or fake details found in the resume, they are not selected for the respective job designation. In this, companies can stay away from the risks of hiring wrong employees.   

Streamlining the HR process: It is one the major benefits of employment verification services. With the help of this service, companies can streamline their HR processes. As each candidate’s profile is examined by the skilled data verification agents, your HR team will not take much time in hiring the candidate for your organisation. In addition to this, your HR team will completely focus on the core activities including payroll management, event organisation and other regular activities. This will enhance HR productivity by streamlining the complete process.

These are the important benefits of outsourcing employment verification services for your business. Choose employment verification services to prevent from the risks of hiring fraud employees.