In today’s volatile business landscape, hiring and retaining the right talent has become more critical than ever.
Comprehensive background checks are an effective way to protect businesses from onboarding candidates with fake credentials, help employers detect fraud and reduce the risk of hiring unqualified people.
These discrepancies carry risk for candidates as well as businesses. Job applicants who forge their qualifications may be criminally liable: Just last year, a man was jailed for two years and 11 months in Singapore for impersonating referees to secure jobs. Verifying a candidate's credentials without a trusted local screening partner can be difficult and time-consuming, especially when many of these companies have not previously considered adopting the practice and are unsure where to start.
Especially in Singapore where there is currently no regulation for employers to do a background check on their employees, screening may not be as common here as it is in other countries. Singapore could also benefit from more online educational resources or awareness campaigns across various digital channels that highlight the benefits of background screening.
Additionally, demonstrating a culture that is transparent and open by ensuring all employees — regardless of level —are put through background screening, could help instil confidence and attract the best talent in the market. Meanwhile, financial services employers are often required to adhere to regulations that mandate pre-employment screening for certain roles.
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