There are numerous case studies proving the effectiveness of background screening. See below for some of the eye-opening facts that show just how important it is for a company to learn all they can about a potential hire.
Most Common Resume Lies
There are certain fabrications job seekers may try to slip past employers more frequently than others. According to employers, the most common lies they catch on resumes relate to:
Most Memorable Resume Lies
When asked about the most unusual lie they’ve ever caught on a resume, employers recalled:
Industry Resume Lies
While employers have caught lies on resumes submitted for jobs of all types, levels and industries, some report a higher rate of fabricating than others. The survey found that employers in the following industries catch resume lies more frequently than average:
2003 to 2012 over half of the workplace homicides occured within three occupation classifications: sales and related occupations (28%), protective service occupation (17%), and transportation and material moving occupations (13%).
Effects of Bad Hires
According to a the survey of more than 6,000 hiring managers and human resource professionals worldwide, more than half of employers in each of the 10 largest world economies have felt the affects of a bad hire.
27 percent of employers in the U.S. who reported a bad hire said that a single bad hire cost more than $50,000. In Germany, 29 percent of employers report losses of 50,000 euros ($65,231) or more. In the U.K., 27 percent of companies say bad hire costs more than 50,000 British pounds. Three in ten Indian employers (29 percent) reported the average bad hire cost more than 2 million Indian rupees ($37,150), and nearly half of surveyed employers in China (48 percent) reported costs exceeding 300,000 CNY ($48,734).