Tuesday, September 21, 2010

Millions Remain Unemployed in the UK

An estimated 2.47 million people remain unemployed in the UK. The recession of 2008 continues to have lingering effects on the lives of 7.8% of the UK’s eligibly employable. While most are willing to work, the employment rate is only starting to rise.

According to the Office for National Statistics, the quarter leading up to July 2010 represented the largest gain in employment since May 1989. With hiring on the rise, the likelihood of contracting falsehoods in employment applications will also be high. The promise of employment can lead to poor moral decisions, including CV fraud, and other forms of misinformation.

A company not involved in the active vetting of new candidates may mistakenly make a poor hire. As a poor fit for the job, such a candidate’s production will likely be insufficient, and may cause revenue loss for the organization, including the time spent in training, and possibly the costs associated with hiring the proper candidate for the position.

Poor hires present a risk to companies trying to survive during the economic recovery. Vetting new candidates helps to increase employee retention, promote greater staff productivity, and decrease liability. A forward looking pre-employment screening solution can be a cost saving tool for any organization large or small, preventing the repeated costs of hiring to fill a position with the right staff member.

To learn more, contact backcheck.co.uk.

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