Insights

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Professional Services / Management Consulting / Software & IT Outsourcing / Business Process Outsourcing hiring trends & dynamics for specialist skilled and finite-contract workers

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Global hiring trends in industry sectors such as Financial Services / FinTech & Professional Services / Management Consulting, with specialist skills required around the world

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Interview with Chairman, Guy Underwood, on his insights on Veremark’s potential and the future of pre-employment screening

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Global hiring centres of specialist skills around the world - cities / countries, and which priority sectors

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Importance Veremark places on candidate experience, to help all businesses hire better, in a hyper competitive world of change and growth.

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Veremark is matching the needs of Banking Tech innovation, with its own development and launch of the very best technology, using security, blockchain, cloud, API integration and data analysis. Machine learning / AI

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Banking & Financial businesses need partners with the right culture to deliver the very best in finding, checking and onboarding employees

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The much needed changes in regulation and culture in the Banking and Financial Industry, and how Veremark delivers the vital background checks to meet needs of clients

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Hiring people is a vitally important function in financially regulated businesses. Progressive organisations approach their hiring decisions more as investing in people. Making informed hiring decisions is complicated because employers need to make their hiring decisions based on the limited information available. 

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Veremark continues to drive customer-led innovation in its software and services. We are always listening to what you need in your day-to-day work, and what your business prioritises in hiring and onboarding new talent. We also strive to help you to deliver the best candidate experience, which is hugely important when attracting people with the skills that your organisation requires.

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The world is slowly finding a way to emerge from the covid19 pandemic, with the adoption of new technologies, digital techniques, and operational processes having accelerated during 2020 and 2021. Such trends have put additional pressure on HR / People leaders in organisations of all sizes, as the urgent need to find, attract, hire and onboard new talent has become much more acute.

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Background check companies authenticate the employee data for your business. But do you discern the verification frauds that may put the security of your employee base at risk? Veremark is an effective digital employee verification tool that can protect your business from verification fraud.

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With technology improving every day and the growing requirement for efficient hiring in diverse work environments globally, the need for effective, reliable credential verification has never been more critical.

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Hiring is a pivotal aspect of any business, more so in the Banking, Financial Services and Insurance sectors (BFSI) that are heavily regulated and prone to risks. Here is how you should ensure that identity verification and background checks are integrated into your HR risk management strategy.

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Recently we hosted a webinar with HR experts who are leading the way in blockchain. Here is a recap of the top takeaways in case you missed it.

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Recruiting and HR have been quick to respond to the demands of virtual recruiting and remote work. However, now it’s time to take the long view and that means building out your HR Tech stack to meet the demands of 2021 and beyond.

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You're probably reading this because you’ve won budget for a new piece of HR tech, congratulations! This is an exciting time and tech can truly transform your processes, but first you have to ensure that everyone is on the same page.

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To help you navigate this busy marketplace we’ve mapped-out a simple three-step process for selecting an HR Tech vendor so you can find the right fit who will help power your organisation’s unique needs.

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Candidate experience starts when the potential applicant becomes aware of your business and continues all the way through the hiring, background screening and onboarding process.

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Poor candidate experience is more prevalent than you think. Ideal found that “only 32% of candidates rate their most recent job search experience as ‘very good.’” The good news is that the solutions are simple, and mainly include leveraging tech that you already have to create more efficient processes.

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Who better to talk about these themes than HR Tech suppliers? After all, they work with thousands of HR and TA people everyday - giving them a macro view of what’s happening, with the data and system analytics to support this view. So we reached out to some of our partners, including Globalization Partners, JobAdder and Bullhorn to get their global perspective on how we can strategically upskill for the year ahead.:

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With podcasting becoming so popular so fast (even Prince Harry has one now), it may be hard to find the best ones for you. So we asked some of Veremark’s integration partners to share with us their favourite shows—the ones that made them laugh, rethink, and get inspired. Who better to talk about this than HR Tech suppliers? After all, they work with thousands of HR and TA people everyday. If that’s not the best way to get the inside scoop, then what is?! 

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Every industry has its defining moments, and for TA and HR that time has come. Veterans of the scene may harken back to the 90s when the arrival of ATS technology changed the way we recruit— however, 2021 is even more revolutionary. 

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In this post, you'll get useful info about background screening in the Fintech sector; including which checks might be relevant to roles in Fintech and what challenges Fintech employers face.

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Having worked with some of the world's leading Fintech recruiters (offering Fintech background screening for employment), we have collated this list of 5 talents, characteristics, and experiences essential to a good Fintech hire in 2021.

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Beam partners with Veremark to automate and accelerate employment checks to get homeless people into stable work faster

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Fintech companies who carry out often innovative and new functions are subject to stringent controls too. However, regulators are scrambling to create standards for such a rapidly growing sector with processes and factors which don’t yet fit into previously established norms.

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Read Veremark’s “Connecting Your Candidate and Employee Experience for Better Results” to see how you can improve your candidate and employee experience.

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Read Veremark’s “3 Tips for Creating an Amazing Employee Experience” to see how you can improve your employee experience

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Read Veremark’s “Three Ways to Develop Your Skills” for tips around how to stay on top of your skill development.

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Read Veremark’s “Prepare Yourself for a Remote Job in 5 Steps” guide to ensure you are ready to take on your new remote role.

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Read Veremark’s “Complete guide to bolster your skillset” to ensure you are work ready.

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Everything You Need To Know About Psychometric Testing” unravels the mystery behind psychometric profiling and its benefits to employment screening.

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Read Veremark’s “Everything You Need to Know About Employment History Checks” to ensure that your background screening informs great hiring decisions.

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Read Veremark’s “Everything You Need To Know About Civil Litigation Checks” to empower safe and smart hiring decisions as an exceptional employer.

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Read Veremark’s “Everything You Need To Know About Qualification checks” to empower safe and smart hiring decisions as an exceptional employer.

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With all industries and sectors at risk of being exploited for money laundering or terrorist financing, Global Sanctions checks are crucial to comply with AML regulations, Office of Foreign Assets Control (OFAC), Patriot Act and many other international legislations in the UK, Europe, US and worldwide.

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Pre-employment credit checks are a useful tool in mitigating the risk of fraud, by uncovering bad financial situations, and although a positive credit check doesn’t guarantee that a candidate is trustworthy, it might bring up red flags which could cast doubt over a candidates suitability for a role which requires access to data, money, company accounts or assets.

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The latest reference checks can be accessed from any mobile device, providing a much more convenient experience for the referee, and resulting in a higher response rate (up to 85%). Digital reference checks can also be carried out in an average turnaround time of 48 hours.

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Pre-employment identity checks are comprised of two elements, the first confirms the attributed identity of the candidate, including their name, age and place of birth, and the second verifies the biographical identity, such as address history and country of residence.

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The LinkedIn Talent Hub integration with Veremark gives customers the ability to streamline the hiring workflow by automating the pre-employment screening process through a fast, secure and superior digital experience.

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With most retail and hospitality on pause during lockdown, the world is now beginning to open and return to work as the government announces easing of lockdown measures. While this is a positive step, it also means that employers will need swift solutions for screening new staff members to reduce time to hire and meet their labour needs.

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While recruitment has seen a brief hiatus in some industries during lockdown, many other industries, for example healthcare, have had to increase to meet demand. And with other sectors now beginning to come out of lockdown, recruitment is set to see a boom as the economy gets back on its feet.

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The gig economy has been growing rapidly over the last few years, and the impact of the coronavirus pandemic will force many more people into contract work.

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As the world begins to emerge from lockdown and returns to work, many companies are restarting operations which, due to the uncertainty of coronavirus, have been on a break.

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Schneider Electric is an energy and automation digital solutions for efficiency and sustainability. 

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RGF is the global brand of Recruit Holdings, the world’s fourth largest HR and recruitment services company and the largest in Japan, generating over US$16 billion in annual net sales.

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Background checking pays a key role in protecting institutions and individuals from crime. When banks and other institutions are compliant with Anti Money-Laundering (AML) legislation, it helps ensure that money which has been used in a crime can not be legitimised through their company.

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With Fintech leading the way as one of the most disruptive sectors in the business world, employers are having to move quickly to keep up with regulatory and industry changes while still exploiting opportunities when recruiting the top talent.

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The banking sector is one of the most rapidly changing industries, with digitisation transforming roles, creating new opportunities, and altering the expectations of both employees and employers.

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Blockchain is revolutionising the way we carry out transactions, as well as how we store and manage data, but what is it and how can we use it to benefit background checking?

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A career passport can improve the onboarding experience for both candidates and employers, as well as provide HR departments with useful information throughout employment, but what is it and how does it work?

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The use of SMS in marketing is commonplace, and the recruitment sector is beginning to catch on with many HR departments recognising the value of the humble text message. But while SMS messaging is highly effective, other messaging platforms such as WhatsApp and Facebook Messenger are also gaining traction, particularly with the recent increase in remote working.

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Implementing an HR system can be time consuming and costly, and getting it wrong could have severe consequences. Companies must get it right first time, so that deadlines, budget considerations and compliance can be met.

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An explanation of how to set up and start using Veremark on the Greenhouse ATS

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What approach should employers take to background checking contractors? Below we have listed the various types of background checks that should be performed on contractors.

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Are free online background checks reliable enough for pre-employment screening?

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However rigorous your background screening process, some candidates will always try to evade the process.

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With Billions being invested in Digital Transformation, how much is just hype and what can we learn from why transformations fail?

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Here are several scenarios where background checks are appropriate and in some cases, legally mandated.

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After the fintech phenomenon, the big banks are embarking on a top-down digital transformation of the industry too.

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An effective pre-employment screening process will, occasionally, yield a bad reference. However, it may still be appropriate to hire the employee, in certain circumstances`

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Artificial Intelligence (AI) systems are now being discreetly deployed throughout the HR process.

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With the rate of CV fabrication increasing, character references are as important today as they have ever been

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How and why growing businesses should develop a global screening program to cover international workers

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The ability to effectively scale your business operation following venture capital funding is crucial.

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Navigating the post Brexit UK 'Right to Work' background checking process

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How firms are using emerging technologies to revitalise the candidate experience

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The digital revolution has now reached the shores of the Oil and Gas sector, having a huge impact on the hiring of top talent

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5 Talent Acquisition Strategies to Solve Your Skills Gap in the Offshore Marine Sector

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Does The Oil and Gas Sector Need To Urgently Upgrade Its Employee Value Proposition?

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So your mistakes don’t go viral during the Hiring Process

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How to spot the attributes you usually can't see on a CV

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How to carefully navigate the reference checking process to ensure successful hires

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Some are obvious and some are tougher to spot!

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Here are 8 key questions that HR professionals should ask themselves about GDPR