Sometimes words can’t do justice to the importance of pre-employment screening. The statistics below describe, in further detail, the kinds of workplace risks that pre-employment screening will help you avoid.
HR Statistics: False Information
1. 53% of all job applications contain inaccurate information.
2. 49% of the 3,100 hiring managers surveyed had caught a job applicant fabricating some part of his/her resume.
3. 34% of all application forms contain outright lies about experience, education, and ability to perform essential functions on the job.
4. 9% of job applicants falsely claimed they had a college degree, listed false employers, or identified jobs that didn’t exist.
5. 11% of job applicants misrepresented why they left a former employer.
HR Statistics: Bad Hires
6. Negligent hiring cases have had verdicts costing up to $40 million.
7. The average settlement of a negligent hiring lawsuit is nearly $1 million.
8. Employers have lost more than 79% of negligent hiring cases.
9. It costs $7,000 to replace a salaried employee, $10,000 to replace a mid-level employee, and $40,000 to replace a senior executive.
10. The U.S. Department of Labor estimates that the average cost of a bad hiring decision can equal 30% of the first year’s potential earnings.
Source: profilesinternational
Corruption and Bribery
Diploma Fraud
Matrimonial Verification
Medical Staff Verification
No Workplace Violence
Pakistan Criminal Records
Reputational Compliance
Teacher Verification
Tenant Risk Verification
Workforce Verification
Very interesting statistics