According to a new analysis, the pandemic’s impact on organizations is continuing to test human resource (HR) departments and has elevated the importance of using digital resources and tools for employee background checks.
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Background Check Procedures For Employees Could Change As a Result of Digitalization in HR
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October 10, 2022
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October 15, 2022In a report by EY Forensic & Integrity Services titled “Digital transformation drives employee background checks in the new normal,” 72% of respondents claimed that technology can be used to digitize records, 66% emphasized its use for a preliminary evaluation of employee credentials, and 56% mentioned automating processes.
A growing percentage of background checks on prospective or existing employees have turned up unfavorable results, with 96% of respondents reporting that this has happened in up to 10% of the cases.
Traditional onboarding procedures were insufficient during the Covid-19 lockdown, which made disruptions difficult. Only three out of ten respondents used technological tools as an alternative method of background checks while nearly seven out of ten reported difficulties doing so during the lockdown.
The current crisis has taught us many lessons, including the urgent necessity for dynamic and automated work models for talent teams.
Arpinder Singh, global markets and India leader, stated that “leaders need to pivot and recraft HR strategies, right from the fundamentals of hiring to virtual onboarding, training, and skilling their people. “Forensic & Integrity Services, EY. “While business continuity and employee safety have been the core focus.
Top Reasons To Conduct Background Checks
The use of cutting-edge technologies for employee background checks will be invaluable since it will make it possible to quickly hire deserving and morally upright people while also preserving the reputation and culture of the organization, according to Singh.
Employees are the backbone of businesses, therefore finding the proper person for the job is crucial. Implementing a comprehensive personnel background check procedure is not only best practice, but also a wise, responsible, and secure method for organizations to create an ethical future.
According to Vivek Aggarwal, partner, Forensic & Integrity Services, EY, modern, new technical technologies can reinforce this process and increase the effectiveness of HR services.
1. Up to 60% of resumes include educational credentials that college registrars dispute.
2. Theft and fraud by employees cost US businesses $400 billion annually.
3. According to 78% of job seekers, they lied on their resumes.
4. Customers are 5.4 times less likely than employees to steal from a business.
5. Since the FBI’s founding, January 2021 saw the most background checks conducted.
A survey was done by EY Forensic & Integrity Services with more than 115 senior HR executives from Indian and international companies.
The research details the patterns that have been noticed, the dangers and repercussions of hiring applicants without conducting a thorough background check, as well as innovative techniques that businesses may want to adopt.
Only 32% of respondents, according to the report, stated their firms could use technology tools as a backup form of verification during the shutdown.However, in order to improve its integrity and mitigate dangers, employee background verification in the new normal will need to be complemented by technological solutions.
According to 72% of respondents, technology can be used to digitize student records with educational institutions, 66% stated it can help with a preliminary evaluation of an employee’s qualifications, and 56% mentioned process automation.