The New Transparency: Reference Checking, Cybervetting and Resume Fraud
In the wise words of LinkedIn Founder Reid Hoffman, “Employers put too much weight on interviews, and too little weight on references. If you told me, ‘Pick One’ – you could either get references or an interview – I would pick references every day of the week.”
Reference checking has long been a vital component of the hiring process, but in today’s digital world – in which resume fraud is more sophisticated and rampant than ever – it is both indispensable and in need of re-invention.
Though it is now simpler for deceitful job seekers to falsify their CVs, it has simultaneously become easier and less costly to check candidates’ claims. Raw processing power, machine learning and algorithms have been used when it comes to identity verification services and fraud prevention and now it enables digital reference checking, rendering academic, job and criminal histories more verifiable than ever – a new transparency for those organizations that leverage it.
Join us for a free webinar hosted by Allan Schweyer, author of The New Transparency: Why Reference Checking Matters More in a Digital World for a free one-hour webinar on September 27, 2017 @ 2pm ET. Register Here
Estimates of resume falsification suggest that about half of all resumes contain at least one material misrepresentation – an inaccuracy serious enough to influence a hiring decision. In a recent study, 58 percent of hiring managers claimed to have encountered misrepresentations on CVs.7 Alarmingly, a full 95 percent of college students say they would lie to get a job and more than 40 percent claim to have done so.
The stakes are high. Dishonest employees contribute to billions of dollars in losses each year, not including reputational damage and the hard costs involved in replacing employees fired for CV fraud. The likeliest danger, however, is a more insidious one: when sloppy hiring lets in unqualified and/or dishonest employees, the workforce is poisoned in ways that aren’t immediately detectable. Culture erodes, including trust and collaboration; attrition increases and productivity declines. Visit monderlaw.com website to find more.
All webinar registrants will receive an advance copy of the brand new white paper: The New Transparency: Why Reference Checking Matters More in a Digital World