The Reed Job Index for November reported job opportunities to be at a five-year high with more vacancies on the Reed site than at any time since September 2008. Growth is being seen across all industry sectors and all regions in the UK. Increases in permanent and temporary billings in the UK jobs market were also reported by KPMG and the Recruitment and Employment Confederation in the latest Report on Jobs.
Coinciding with the uptick in recruitment activity, HireRight saw a decline in the number of irregularities in pre-employment screening checks. Analysis of HireRight EMEA screening data for November 2013 found the number of applications containing at least one discrepancy to be at its lowest point for 11 months. It would appear that in a less competitive market candidates may not feel the same pressure to elaborate their CV in order to stand out from other candidates and secure a highly sought-after role.
Whilst this reprise from a trend that had been increasing month on month is very welcome, employers should remain cautious in their recruitment efforts as the discrepancy rate is still alarmingly high, with more than half (54%) of applications containing a lie or inaccuracy.
Education history was revealed to be particularly vulnerable to résumé lies or embellishments. 35% of these verifications undertaken in November 2013 contained an inconsistency between the information provided by the candidate and the results of our verification checks – this has increased by a third when compared with the same month in 2012. Also susceptible to misrepresentation in November were employment history (31% of checks contained a discrepancy) and professional qualifications and memberships verifications (20% of checks contained a discrepancy).
HireRight warns companies to be mindful of the frequency of application lies and urges them to ensure a robust background screening program is in place to help hire the most appropriate candidates and combat internal fraud risks.