Based on our data and experience, over 80% of resumes contain errors or inaccuracies. Even more concerning, 1-5% involve significant misrepresentations. These range from minor omissions or embellishments—inaccurately described roles, dates, or responsibilities—to far more serious issues like falsified credentials, identities, or employment histories.
While HR departments often verify references, this approach is insufficient to detect serious fraud. Minor inaccuracies might be caught, but significant deception often goes unnoticed without a professional background check.
You might think, "5% is a small number," or "It won't happen to me." But would you forgo fire insurance because the risk seems low? The consequences of hiring the wrong person can be devastating—damaging your reputation, finances, and regulatory standing. Hiring takes lots of time, money and resources, so hiring the right person from the beginning is paramount.
Protect your organization and mitigate this risk with Validato's comprehensive human risk management solutions and background checks.
Contact us today to learn more.