With today’s Internet savvy individuals, identity theft and other fraudulent acts are on the rise. Unfortunately, what this means for corporations is you rarely know if you can take employment candidates at face value.
Fraud is being committed in a wide variety of ways, from credit card theft to identify theft involving someone else’s social media profile.
According to an annual report prepared by the Association of Certified Fraud Examiners, almost half of all small business owners in the U.S. have experienced some form of fraud. In addition to that, not only is it difficult to determine if potential candidates are who they say they are, it’s also difficult to determine if potential executives have been involved in other fraudulent activities outside the workplace.
Your corporate reputation is valuable to you as you have likely worked years to establish a credible corporate image within your perspective marketplace.
Before bringing on an executive to represent your company, it’s essential first to have a thorough background check performed by a reputable company that can provide you with the information you need concerning your next potential candidate. A company such as Corporate Resolutions has the qualifications and experience. They have performed thorough background checks and investigations that have allowed corporate executives to acquire the screening needed to make the best hiring decision possible.
Why Executive Background Checks are so Important
Having an executive background check is crucial because it arms you with the information needed to make the right hiring decision. In addition to that, once you hire an executive, they represent your company at the highest level. Having an executive background check performed beforehand allows you to learn more about the candidate’s real character as opposed to what they have presented to you in a resume or during the recruitment process. It also helps you avoid surprises during the interviewing process or worse, after you’ve brought the executive on board.
Executive background checks also allow employers to verify claims made on resumes. The job position the executive has applied for could be negatively impacted.
Making Due Diligence Part of the Hiring Process
Imagine bringing on a new executive without first performing the necessary due diligence. Not only can it be humiliating, but it also shows potential clients and other colleagues that you’ve made a poor hiring decision that could have a negative impact on your company.
In today’s strained economy, even loyal executives compromise their ethics when put under pressure. Any executive considered for hire needs a background check performed on the federal, state, county and local levels.
When companies have executive background checks performed, it also reduces the risk associated with internal areas as well, such as having new executives exposed to and possibly having access to intellectual property, corporate data, systems, passwords and a host of other sensitive information.
Potential Backlash
Since social media is so widely used, there are times when an executive’s reputation will follow them on multiple social media platforms. If your firm hires this executive, it could create a backlash by smearing your corporate image by mere association.
Because it’s challenging to know who to trust these days, having an executive background check performed will provide you with an awareness of those who are working with you both internally and externally.
Types of Executive Background Checks to Consider
When performing an executive background check, you should hire a company that is FCRA compliant, and can offer background investigations in the following areas:
-Criminal and civil investigations
-Educational and academic verification
-Profile verification and fact-checking
-HR and employment verification
-Check Fraud investigations
-Tax Evasion
-Bankruptcies and credit checks
-SSN verification
-Sex Offender Registry Checks
-Address verification
-Test for drug use and substance abuse
-Verification for professional licenses
It’s crucial for a business to conduct an executive background check and investigation because it involves so much more than just the job itself.
Having a background investigation performed can also ensure that you comply with regulations in a variety of ways – possibly in ways that you have not thought of. For example, if your company brings on an executive who claims to be certified in a particular industry but is not, your company can be at risk. If the newly hired executive begins performing services without the required certification or license, you can be at risk of noncompliance and may be subject to other consequences as well.
It’s essential to utilize the services of a competent background and investigation company that is capable of using the proper tools, technology and other resources needed to provide a thorough investigation on behalf of your company. Companies such as Corporate Resolutions offers excellent background screening packages and other human capital resources to ensure your corporation makes the best executive hiring decision possible.
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