Introducing: Veremark’s Instant Employment Report

It goes without saying that background checks are vital to hiring, but while the outcome is essential, the waiting for results has always been a hindrance to a time-poor process. Typically, background checks have required anything from a few days to a few weeks to come through - and in an industry that needs efficiency and speed, the quicker the results, the better.

‍

However, developments in technology and access to big data has seen these waits reduce more and more. Veremark’s latest product - the Instant Employment Report - has now facilitated results to come through immediately.

‍

To keep up with departing employees and open roles, successful recruitment and hiring takes place in a short timespan. We recognise that HR professionals and hiring managers need to rely on software that supports this need for expediency - which is why we’ve introduced the Instant Employment Report.

‍

While we’re delighted to launch the new service, it’s worth shedding light on why other checks can take a little more time.

‍

How background checks work

‍

Traditional background checks normally have a set process: 

1. Candidate Consent: Prior to initiating the background check process, employers must obtain the candidate's consent to access their employment history and other relevant information.
2. Data Collection: The background check provider gathers data from various sources, including public records, databases, and previous employers. This information is then cross-referenced and verified for accuracy.
3. Verification: The authenticity of the candidate's employment history is verified through direct contact with past employers or designated verification services. This step helps ensure the reliability and integrity of the information included in the report.
4. Compilation and Analysis: Once all relevant data has been collected and verified, it is compiled into a comprehensive report format. The report may include a summary of employment history, job responsibilities, performance evaluations, and any red flags or discrepancies identified during the verification process.
5. Delivery to Employer: The completed Instant Employment Report is delivered to the employer through secure channels, ensuring confidentiality and compliance with data privacy regulations.

This has always created a bit of a bind for organisations: the longer the wait, the more likely the hiring process is pushed back. Skip the checking process, and risk pushing an unscreened stranger into your business - risking workplace safety and happiness as well as compliance rules.

‍

As a result, some businesses choose their screening partners based on speed over other factors like cost and reputation. While this turnaround times are important - and a target that all screening companies try to minimise - this focus on speed can compromise other important aspects like customer support, compliance and security.

‍

How background check results can be instant

‍

But, with access to big data, there are now safe, efficient ways to get the information we need on candidates, without the long waits. Check results are coming through quicker than ever, and Veremark’s Instant Employment Report, for example, is the fastest way yet of getting information on the work history of a potential employee, verifying past employers and dates of employment, straightaway.

‍

In the fast moving world of HR, this type of report is a crucial tool in speeding up an often time-consuming process, providing employers with rapid access to vital information about a candidate’s past employment.

‍

Why are Instant Employment Reports so useful?

‍

In a landscape beset by CV fraud, an Instant Employment Report is one of the quickest and easiest ways to ensure that the information you receive on your candidate is correct.

‍

CV fraud, also known as resume fraud or embellishment, refers to the deliberate misrepresentation or exaggeration of qualifications, experiences, skills, or achievements on a candidate's curriculum vitae (CV) or resume. This deceptive practice can take various forms, including inflating job titles, fabricating academic credentials, falsifying employment dates, or claiming expertise in areas where proficiency is lacking.

‍

An Instant Employment Report can help detect inaccuracies on a CV. Candidates may misrepresent their employment history by fabricating time spent at companies - and even working at companies themselves. It can also detect any suspicious gaps between roles that might not be explained on the CV.

‍

The prevalence of CV fraud poses several dangers to both employers and the broader recruitment ecosystem:

‍

Misallocation of Resources: Employers invest time, effort, and resources into screening and interviewing candidates based on misrepresented credentials, leading to wasted resources and missed opportunities to identify genuine talent.

‍

Damage to Organisational Reputation: Hiring individuals based on fraudulent qualifications can tarnish an organisation's reputation and credibility, eroding trust among stakeholders, customers, and partners.

‍

Compromised Performance and Productivity: Employees hired under false pretences may lack the necessary skills and competencies to perform their roles effectively, leading to decreased productivity, morale, and team cohesion.

‍

Legal and Compliance Risks: Employers may face legal repercussions and compliance issues if fraudulent hires engage in misconduct, negligence, or breaches of trust that result in financial or reputational harm.

‍

Erosion of Trust in the Hiring Process: CV fraud undermines the integrity of the recruitment process, eroding trust between employers and candidates and fostering scepticism among job seekers and employees.

‍

Falsified Skills and Achievements: Candidates may embellish their skills, expertise, or accomplishments, such as claiming proficiency in software programs or languages they are unfamiliar with or exaggerating their contributions to past projects.

‍

Concealment of Negative Information: Candidates may omit or downplay negative aspects of their professional background, such as gaps in employment, terminations, or disciplinary actions.

‍

Why you need to run Instant Employment Reports from Veremark

‍

Veremark’s Instant Employment Reports can minimise this risk by verifying information from payroll providers and tax reports. This mitigates the risk of hiring unsuitable candidates or exposing the organisation to liability.

On top of this, businesses benefit from the quicker turnaround times, enhancing the hiring process with quick and easy results garnered within seconds, not days. 

These reports also ensure 100% compliance with employment law and industry regulations within the specific sectors. Everyday, Veremark assists employers - wherever they are in the world - in fulfilling their legal and regulatory obligations related to background screening and prioritising confidentiality and security of sensitive information.

Organisations will always focus on speed - to stay competitive, to reach targets, to remain lean. Our latest product reflects this need, but it’s also important to consider that other aspects like aftercare and data handling. Fortunately, Veremark has a keen eye on all these areas. With a customer rating of 4.8/5, we ensure that organisations have screened candidates, are kept compliant and remain safe with our vault-like security.

Working with some of the world’s best workplaces, we recognise this heightened competition for talent and regulatory requirements. Our Instant Employment Reports play a critical role in ensuring an efficient and compliant background screening process - and empower you - the hirer - to make informed decisions, mitigate risks and uphold the integrity of your workforce.

‍