Find Honest Employees
A national organization of fraud examiners estimates the average loss to business from employee fraud and theft to be $9 per employee per day. That amounts to about $2,000 per employee. Employees steal in many ways. While some take money and property, other forms of employee theft may take more subtle forms such as wasting time, taking unauthorized time off, Internet surfing, or punching a time clock for another employee.
Ninety-five percent of companies are victims of theft.
Profiles International recommends employee background checks as one means of minimizing dishonesty and employee theft.
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Employee Integrity is Difficult to Determine From a Résumé.
What is fraud?
In the simplest terms, fraud occurs when someone knowingly lies to obtain benefit or advantage, or to cause some benefit that is due to be denied. A recent report from American Data Bank shows that up to 30% of employment applications contain false information.
According to a recent survey by ResumeDoctor.com, recruiters and hiring managers stated the most common misleading information being put on résumés is:
- Inflated titles
- Inaccurate dates to cover up job hopping or gaps of employment
- Unfinished degrees, inflated education, or "purchased" degrees that do not mean anything
- Inflated salaries
- Inflated accomplishments
- Out and out lies in regard to specific roles and duties
Profiles International offers a top-notch Employee Background Checks service to verify the accuracy of résumé and job application information.
CBS reported that, according to experts, three out of ten people lie on their résumés. In a tight economy in which the Congressional Budget Office predicts unemployment to hold around 10%, more job seekers will be desperate enough to stretch the truth.
The Step One Survey II®
identifies employee integrity issues prior to making a hiring decision.
Regardless of the line of work, the fact is that people take things when they have no right to do so.
Theft is the wrongful taking of another’s property without consent. It presents a problem for all organizations whether they are corporations, limited liability companies, partnerships, or nonprofits. Regardless of the line of work, the fact is that people take things when they have no right to do so. Worse yet, they take things they have a professional obligation to protect.
Employee Theft Statistics:
- The FBI calls employee theft “the fastest growing crime in America.”
- The U.S. Chamber of Commerce estimates that 75% of employees steal from the workplace and that most do so repeatedly.
- One-third of all U.S. corporate bankruptcies are caused directly by employee theft.
- The Boston Globe and Denver Post newspapers recently reported that U.S. companies lose nearly $400 billion per year in lost productivity due to “time theft,” or loafing.
Employee Theft of Sensitive Data
With the huge advancements in technology over recent years, data theft is the new 'invisible' crime and poses a real threat to all businesses. Because employees have access to vast amounts of data, that sensitive information is vulnerable in the hands of a dishonest employee. There are two main forms of data theft: the first with the intention of stealing someone's identity, and the second the theft of information.
Among white-collar workers, 69.6% said they had taken some form of intellectual property from their employers when they left, the survey for ibas, a computer forensics specialist, found. Email address books, sales proposals and presentations, customer databases, and contact details were the most common kinds of data taken. Ibas said businesses might be losing commercially sensitive information worth billions of dollars. "It’s happening in all businesses and through all levels of the company, from lowly admin staff right up to senior board level."
Step One Survey II®
identifies and predicts problematic employee theft issues at all levels of the organization by pre-screening prospective employees for patterns in behavior.
Additionally, Step One Survey II®, a proven honesty and integrity test, helps companies find honest employees. It identifies job applicants who are honest, drug free, reliable, and hard working. Step One Survey II® gives you critical information for making hiring decisions you won’t regret.