The finance and legal industries are two that task HR professionals with additional responsibility as it relates to validating their candidates’ credentials. Some examples of these roles include lawyers, paralegals, accountants, mortgage agents and brokers, financial services professionals, insurance professionals, and more. The outcome of education, licensing, and employment verification and background checks that validate character and habits have far more weight in these industries.
This can be burdensome for HR teams and bog down the recruitment process. Many organizations don’t even realize how inexpensive it is to bundle their checks and verifications together and have them performed by a background check partner.
The following checks are usually considered necessary for professional services roles that require the candidate to be responsible, including financially.
5. Credit check
6. Reference check verification
7. Social media background check
You should be prepared to obtain these checks and verifications wherever your candidate lived or gained credentials or experience, even internationally. Deploying this correct combination of checks and verifications, together as a single package, could give you complete screening for much less than you may think.
According to talent.com, the average hourly rate of an HR professional in Canada is $31.00 per hour. We guarantee you that, more often than not, validating the above will use far more than 5 hours of your employee’s time, between reviewing documentation, chasing verifications and analyzing results.
We often see, especially with financial positions, companies obtaining a credit check from a credit reporting agency, a criminal record check from Triton, and reference checks being performed in-house. This creates redundancy. Your team’s time is best spent recruiting, onboarding, and training, not chasing references or corralling background checks from sometimes multiple vendors and platforms.
This is not to mention that validation and verification is not for the faint of heart. When it comes to licensing, education, and experience, especially from outside of Canada, not only does what the candidate tells you have to be validated but also the source has to be validated as an acceptable and credible source.
Choosing to outsource your pre employment screening means that you hand volume to a background check provider, empowering you to even further drive down the approximate cost of all the checks and verifications outlined in this blog. The end result is more thorough screening, a simplified process, and less overall cost. For more information about background screening for professional services please visit www.tritoncanada.ca.
