Recruitment fraud costs billions…
The problem that recruiters are facing is the fact that applicants are now including false information on their CVs and application forms. This includes inflated job titles as well as false grades and qualifications and this is leaving businesses exposed to financial losses and reputational damage.
Many studies have been carried out that have looked into this growing problem and it has been found that a third of pre-employment checks that have taken place of the course of a year uncovered discrepancies.
Most businesses checked the applicant references and a third took the necessary steps to confirm the information that had been placed on the application, highlighting that recruitment fraud is a growing concern. Recruitment fraud is always working in the other way where individuals are turning up to start work in jobs that do not exist after handing over their bank details and cash in some instances.
However, the biggest problem in recruitment fraud is false qualifications and fabricated references while false documents and exaggerated grades also form part of the problem. This has brought awareness around the vetting strategies that are adopted by businesses which include carrying out continued checks during employment for roles where there could be a higher risk of misconduct. Alarmingly, over 50% of business have stated that they have not vetted staff during their employment and those that did, focused mainly on references, criminal records as well as seeking confirmation of the information that had been supplied on the application forms.
It is crucial that recruiters confirm that employees have actually achieved the grades and qualifications that they have said they have. There are many people employed in roles that are above their skill or qualification level and so, to keep their head above water, they are breaking rules and manipulating figures.
This has been seen in recent years with a large Indian Business portraying itself as the biggest IT company in the world. However, it was shut down in 2018 after being found out for issuing over 3,000 fake qualifications to UK-based buyers, with many of these fooling employers to hire workers who were simply not qualified.
This proves that this is a growing problem industry-wide and is something that recruiters have to take seriously.