As recruiters and talent acquisition professionals scramble to hire new talent, one of the more important but unsung aspects of this lengthy procedure—the candidate background screening often left to the very end of the hiring process—has never been more critical.
An estimated 95% of American employers conduct some form of a background check. Some to verify application data since 78% of job applicants in the U.S. have misinformation on their resumes, according to hiring solution provider Checkster; many to keep costs in check since hiring the wrong candidate can cost an employer 24 times their salary while dismissing a poorly chosen CEO can cost the firm as much as $1.4 billion to dismiss and replace that leader, according to data gathered by the Carrra Group.
