Economic lulls force companies to search for savvy methods to ensure profitability. The best risk management practice is for a company to do their homework prior to making a new hire.
Industry data has shown flagged results on resume and background verifications rising significantly, with employment history fabrication a major contributor.
To the unwitting employer, such deceit can have major financial repercussions. Background checks that include verification of criminal, educational and employment history are a fraction of the cost of a bad hire.
Smart employers will not skip quality background checks so they can ensure that each hiring decision is appropriate, and that performing due diligence now will save risk management headaches later.