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Reducing Risk through Robust Employment Vetting

There are many countries that do not put this restriction on the business industry and thereby allow a more thorough screening / vetting process to be completed. It is often said that an organization’s employees are its greatest asset. It is also said that hiring the wrong employee can pose substantial risks to both the organizational security and the integrity of a company.

Submitting certain job positions like those in the retail and services industry only makes sound economic sense, when compared to what hiring the wrong candidate could do to a company’s image and/or its success. Employers can substantially reduce recruitment risk by performing additional background checks that supplement the traditional referencing process.

Identity Checks, Employee Credit Checks, Criminal Record Checks and Qualification Checks deal in known facts and are obtained from pre-compiled data sources meaning that they can be completed quickly and most importantly prior to the new employee commencing employment.

More data leads to better recruitment decisions and the following benefits:

  • Lower Employment Costs: improved employee quality & suitability results in lower labor turnover therefore saving money on recruiting, training and employing unsuitable staff.

  • Increased Productivity: employment screening can play a big part in ensuring that the correct candidate is selected, resulting in better job performance. Candidates attempting to secure roles beyond their competence are screened out.

  • Increased Brand Protection and Compliance: a structured employment screening program enables employers to demonstrate to their customers, regulators / industry bodies and insurers that processes have been implemented to reduce the possibility of employee related threats such as fraud and theft.

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