The statistics are nothing short of daunting. According to the Association of Certified Fraud Examiners, employee fraud cost the country more than $600 billion in 2003 alone.According to the Department of Commerce, one third of all workers steal from their employers. The same findings suggested that 68.6% of employees who steal do not have criminal records. According to the US Department of Commerce, more than 30% of all business failures can be attributed to bad hiring practices.
There is obviously a big problem when it comes to hiring. It is extremely difficult to separate the honest and effective employees from those potential employees who will end up driving your business into the ground. That’s not all: most employers agree that hiring time is a time of extreme stress, which just adds to the possibility of hiring mistakes. Most employers begin their employee search when they are short-handed and short on time, meaning that the resources needed to make careful decisions are simply not there. Most employers want to hire fast, which sometimes means just cursory looks at potential worker applications. Combine that with the fact that according to Security Management Magazine, anywhere between 30% to a whopping 80% of resumes contain lies and you have the potential for real trouble. It is simply very difficult to decide who the best candidate in this environment is.
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