B - Backgroundcheck - Pre-employment screening

The problem screening tries to counter

A number of annual reports, including BDO Hayward's Fraudtrack 4 and CIFAS's  (the UK's fraud prevention service) 'The Enemy Within' have showed a rising level of major discrepancies and embellishments on CVs over previous years.Such business fraud cost UK businesses 1.4 bn in 2005.

Almost half (48%) of organizations with fewer than 100 staff experienced problems with vetted employees.

39% of UK organizations have experienced a situation where their vetting procedures have allowed an employee to be hired who was later found to have lied or misrepresented themselves in their application.

However, recent research shows a reverse in the trend. They found that in the 2006/7 period CV discrepancies had fallen by 31% to 13%.

The Market

Larger companies are more likely to outsource than their smaller counterparts – the average staff size of the companies who outsource is 3,313 compared to 2,162 for those who carry out in-house checks.

Financial services firms had the highest proportion of respondents who outsource the service, with over a quarter (26%) doing so, compared to an overall average of 16% who outsource vetting to a third party provider.

The construction and property industry showed the lowest level of outsourcing, with 89% of such firms in the sample carrying out checks in-house. there for making the overall average 16%. This can increase over the years.

Resources

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