Improve HR & Talent Hiring with the visionary HRTech innovations of Veremark

July 21, 2022

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As per data from the US Bureau of Labour Statistics, voluntary employee attrition peaked in the United States in November 2021, with more than 4.5 million people voluntarily quitting their jobs. The talent pool is shrinking, with 44% of people who voluntarily left the job indicating no interest in returning to the workforce soon.

The current attrition is different from the earlier ones when employees left the organisation for better opportunities. However, in the current attrition wave, termed 'Great Resignation', which doesn't seem to have any end in sight, employees are leaving for healthier work-life balance, more professional freedom, and a lack of a sense of purpose in their work. A greater percentage of employers are experiencing higher employee turnover than in previous years, which they expect to continue. The voluntary turnover in the United States alone costs companies more than the US $1 trillion.

It becomes critical for a talent hiring team to ensure good quality hires who are professionally competent and a great fit for the organisation. They also should ensure that new employees hired for the organisation do not leave after only a short period of time. Positive recruitment and onboarding experience are crucial to attracting the top talent and ensuring the longevity of the employees after they join. One of the important steps in the hiring process is employee screening and background check that contributes significantly to the candidate experience, which has become more important than ever, specifically in remote work environments, to attract, hire and retain talent. A good candidate experience during hiring creates a good impression, which helps in building stronger retention and creates goodwill for the organisation among future employees. According to a study, 75% of employees working at companies have accepted the offer because of a positive candidate experience during the hiring process.

In this report, we discuss:

- How can HR and Talent hiring teams hire the right talent?

- How does the technology solve the human resources pain points in employee background screening and reference checks?

- What are the top technology trends in hiring?

- How can you improve HR and Talent Hiring with the visionary HRTech innovations of Veremark?

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FAQs

What background check do I need?

This depends on the industry and type of role you are recruiting for. To determine whether you need reference checks, identity checks, bankruptcy checks, civil background checks, credit checks for employment or any of the other background checks we offer, chat to our team of dedicated account managers.

Why should employers check the background of potential employees?

Many industries have compliance-related employment check requirements. And even if your industry doesn’t, remember that your staff have access to assets and data that must be protected. When you employ a new staff member you need to be certain that they have the best interests of your business at heart. Carrying out comprehensive background checking helps mitigate risk and ensures a safer hiring decision.

How long do background checks take?

Again, this depends on the type of checks you need. Simple identity checks can be carried out in as little as a few hours but a worldwide criminal background check for instance might take several weeks. A simple pre-employment check package takes around a week. Our account managers are specialists and can provide detailed information into which checks you need and how long they will take.

Can you do a background check online?

All Veremark checks are carried out online and digitally. This eliminates the need to collect, store and manage paper documents and information making the process faster, more efficient and ensures complete safety of candidate data and documents.

What are the benefits of a background check?

In a competitive marketplace, making the right hiring decisions is key to the success of your company. Employment background checks enables you to understand more about your candidates before making crucial decisions which can have either beneficial or catastrophic effects on your business.

What does a background check show?

Background checks not only provide useful insights into a candidate’s work history, skills and education, but they can also offer richer detail into someone’s personality and character traits. This gives you a huge advantage when considering who to hire. Background checking also ensures that candidates are legally allowed to carry out certain roles, failed criminal and credit checks could prevent them from working with vulnerable people or in a financial function.