Be careful who you hire
When we look at the report by the ACFE organization, which monitored over two thousand cases of fraudulent activity where an employee stole from their employer, we confirm a fairly logical judgment. Newcomers and fluctuating employees pose a much greater danger to a company than long-term loyal employees.
On the other hand, if a dishonest person has been employed in a company for a long time, they often cause the employer much higher losses than a novice who is often caught early on. However, the report shows that more than a third of cases are caused by colleagues who have been with the company for less than six months. Therefore, it is important to place great emphasis on verifying the credibility of applicants during the recruitment process. Furthermore, with the SCAUT platform, verifying their history, credibility, or imposed sanctions is fast, automated, and convenient.
Statistics are not boring, but a warning
How will a useful background check from the SCAUT platform help you? It will provide you with verified information about potential employees, and then it's up to you whether you allow them to work with cash, data, or decision-making processes.
The statistics of fraudulent cases indicate that many of them could have been easily prevented if more caution had been taken in the recruitment process.
- 21% of dishonest employees had a similar issue in their previous employments. Screening that verifies references and the applicant's past could easily reveal such hidden information.
- 8% of perpetrators even had a criminal record that the employer was unaware of, thus providing fraudsters with open access to further damage.
SCAUT offers tailor-made screening packages for specific positions, which can uncover similar information that applicants may not boast about. And would you hire someone you find out is not honest with you?
It's not just financial losses that are at risk
It's no surprise that the ACFE statistics show that perpetrators in higher positions cause more damage than ordinary employees, often up to ten times more. However, the higher the position of the employee, the more other dangers there are to be wary of.
Did you know that according to surveys,** up to 21% of applicants exaggerate their previous experience and about 12% lie about their education?** An incompetent person can cause reputation or significant problems for a company due to poor decision-making, and they may not even have an intention to harm.
The Manager package, which SCAUT uses for screening individuals with decision-making authority and access to confidential information, focuses precisely on verifying such information. Unfortunately, many HR professionals do not focus on this and instead blindly trust resumes and information from interviews. And there, one can hear all sorts of things...
Whoever doesn't verify may cry
And now, the most important experience that all companies included in the statistics have taken away: a whopping 43% of them did not conduct any background checks during recruitment!
Those who focused on screening most commonly focused on:
- Employment history
- Criminal record
- Professional references
- Employment history
- Credit basic
All of these checks are part of the services provided by the SCAUT platform. So take advantage of it and find out who you will really be sitting next to in the office.
