Tag Archives: Due Diligence

Two-thirds of UK companies fail to check employee references ahead of start dates

According to new research conducted by HireRight – the leading global due diligence organisation – most UK companies are failing to check references before new employees start in their roles and are struggling to respond to other companies’ reference requests.

The Point of Reference research suggests that two-thirds (66%) of new employees begin work before their reference checks are complete. Two-in-five (39%) of Human Resources (HR) function leaders believe this is normal practice within their industry.

However, such checks are absolutely vital. The HireRight study reveals that more than half (58%) of successful applications contain errors*. In tandem, one third (36%) of HR leaders admit they need a clearer way of identifying job candidates with malicious intent.

Steve Girdler, managing director (EMEA) at HireRight, explained: “References reveal important details about an individual’s history and help employers ensure they can trust the people they allow to work with their customers, clients and colleagues. By failing to carry out due diligence before people start work, companies risk hiring individuals unable to fulfil the duties of their respective roles, who may commit fraud or theft or even damage customer relationships.”

Steve Girdler: managing director (EMEA) at HireRight

Steve Girdler: managing director (EMEA) at HireRight

Girdler added: “A great deal of damage can be done between the moment an employee starts at a new company and when referencing requests are completed.”

‘Administrative burden’ on HR Departments

HireRight’s Point of Reference research results are based on the perspectives of senior HR leaders in some of the UK’s biggest companies. The results also highlight that reference checking is an administrative burden on many HR Departments at a time when they’re already struggling to find enough hours in the day for important strategic work.

One third (31%) of HR Departments are ‘bogged down’ with responding to queries about references. In a quarter (27%) of cases, employees have complained to their managers about the amount of time they spend working on such requests.

Many HR Departments simply don’t have the spare capacity when one third (34%) of their time is spent on administrative tasks. HR leaders themselves estimate they spend an average of two hours and 12 minutes every day on what might be described as ‘low value’ work.

This latest Point of Reference research is based on detailed interviews with 140 senior HR leaders in both regulated and non-regulated UK companies boasting more than 5,000 employees.

*The inaccuracies figure quoted is based on the analysis of data from candidate due diligence programmes, with this quarter’s findings focused on 121,000 checks of almost 34,000 applications between July and September 2014

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Corps Security introduces CorpsConsult expert consultancy service

Corps Security has announced the introduction of a new business division that provides a diverse range of consulting, investigative and training services specifically designed to help customers improve risk and threat management.

CorpsConsult uses the extensive in-house expertise that Corps Security possesses. CorpsConsult is headed up by Mike Bluestone, Corps Security’s director of security consulting.

“Our experts all have recognised academic and professional security qualifications and come from a diverse range of corporate backgrounds,” asserted Bluestone. “In addition, several leading members of the team have served with distinction in the police and the military. This wide-ranging experience combines to ensure that CorpsConsult has unrivalled levels of knowledge and expertise that can be used to advise companies on the security of their people, property and assets through both human and technological means.”

Mike Bluestone, who heads up CorpsConsult, discussing strategies with a client

Mike Bluestone, who heads up CorpsConsult, discussing strategies with a client

A key element in having the right security solutions in place is an awareness of risks and threats. CorpsConsult’s consulting services provide both strategic and logistical answers to an organisation’s security requirements. These services include strategic security reviews, the development of corporate security policy and strategy documents, risk and threat assessments, security surveys and audits.

CorpsConsult prides itself on providing clear reports with easy-to-follow guidance and recommendations.

Selection of training courses

CorpsConsult’s investigative services are used by organisations looking to carry out due diligence in areas such as mergers and acquisitions and the examination of corporate fraud and financial impropriety.

Areas of potential risk can be identified through discreet checks on the backgrounds and reputations of companies and individuals. Other services include scene of crime work, personnel screening and vetting and corporate surveillance.

To complement its other activities, CorpsConsult also offers a selection of training courses delivered by its specialist experts. These courses can be designed to meet a client’s specific needs. Here, the subjects include security management, security auditing, fraud prevention, strategic security and security awareness training.

Speaking about the introduction of CorpsConsult, Corps Security’s CEO Peter Webster explained: “The importance of a clearly defined and implemented security strategy cannot be overstated. Organisations in all business sectors now realise that expert guidance is an invaluable part of this process.”

Webster continued: “Although we have offered consultancy services for many years, the formation of CorpsConsult galvanises our extensive knowledge into one complete offering. I believe it’s a valuable addition to our existing specialist security services, and we will continue to develop it to meet the ever-changing needs of our customers.’

For further information contact Corps Security on Tel) 0800 0286 303 or via e-mail: info@corpssecurity.co.uk

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