As businesses make expansion plans to secure future successes, they employ various executives to help them make critical decisions and ensure that the leadership is effective top down. Most businesses, however, tend to hire executives blindly without knowing anything about their previous records of accomplishment. While some businesses do not conduct any form of screening on their executives, others do not have the right diligence for the task.
With some economies currently dealing with high unemployment rates, the job market is a little congested. As such, most prospective candidates tend to lie about their experiences, educational background, employment history, and previous criminal records. Moreover, it is possible to acquire various certifications from the black market. This means that businesses are at risk of hiring falsely represented employees.
Executive candidates are given important roles in firms, which mean that they are bound to earn a higher salary as compared to other personnel. This means that if an executive provides false information about his/her qualifications for the position, it is likely to cause major losses that could ultimately lead to the collapse of the business.
To a business owner, his or her priority is to minimize the cost of operation while maximizing productivity and profitability. You, therefore, need to hire truthful individuals that you can trust and rely on to implement your plans and achieve your firm’s objectives.
Since an executive is a high profile business position, a dishonesty candidate that lies about having a college degree or attending a certain university could push the firm into scandal. In an era of social media that keeps people across the globe interconnected, such dishonesty is likely to blow one way or the other.
To avoid all the above challenges, you need to consult a company like Corporate Resolutions for guidance when hiring executives.
What Executive Background Checks Involve
Executives are high-ranking business officials. As a result, the kind of background checks conducted on them will be more intensive as compared to that conducted on employees. An executive is given great powers like the signing of huge checks and making important life-changing decisions. As a result, you need to conduct an in-depth background check as explained on the Corporate Resolutions website.
These robust executive background checks will follow a variety of legal options in order to not only protect the business reputation but also ensure guaranteed success.
Background screening companies like Corporate Resolutions relies on a highly qualified team of experts who will:
- Verify basic information
The first step in conducting an executive background check is determining how truthful the basic information like names, addresses, personal contacts is.
- Employment verification
The next step of this process is to determine whether the employment background is valid. This touches on the accuracy of the employment dates and the companies worked for.
- Verification of education background
This is a very crucial step because it will determine whether the individual actually qualifies for the position. Corporate Resolutions verifies all the certificates, transcripts, advanced degrees, and other academic certifications. While some business owners may not be alarmed at this point, any red flag that pops up here is likely to alert them of potential problems. It also means that continuing with the screening process might reveal more.
- Screening for any criminal records
A person holding an executive position should be trustworthy and be a person of integrity. Corporate Resolutions conducts various screening processes that involve checking the civil, county, and state criminal records against the prospective executive. The firm also conducts federal and national criminal record checks to ensure the employer is on the safer side. This is because an executive position is given great authority in any business. This means that the cleaner the candidate is the better.
- Credit checks
An executive should also meet the FCRA requirements. As a result, Corporate Resolutions recommends that the employer conduct credit checks before picking a candidate for any position. While there are some minor credit red flags that may not necessarily affect the hiring of an executive, underlying issues like bank fraud, evaded taxes, getting involved with bad checks, etc. may portray one as untrustworthy. The executive candidate should also be screened for potential money theft acts at this point.
- Reference verification
The last step in the executive screening process is to verify the referees and inquire about the previous job performance of the candidate.
For businesses looking to hire top-level executives, contacting a company with the right professionals is essential in making the screening process effective. Corporate Resolutions is one of the most preferred background screening companies in the market today.