The big shots of any company are different sorts of employee so the way they hire also demands unusual strategy. Whether company is hiring a top-level manager, financial analyst, or director a good thought should be given before offering a high-level jobs to them.
What would be reasons?
The foremost reason the reputation of the company, which is at stake all the time. In the media there was hundreds of news about the high-ranking employees who were caught with forged credentials, and provided bogus reference or lie about their past jobs. A bad decision in hiring the top executive will go a long way in damaging a company’s reputation and will take years to launder that stink.
The second risk is about taking the hit at the bottom-line. A top ranking executive has direct impact on the bottom-line of the company than an ordinary employee. The failure of executives to perform could have terrible effects on the company’s productivity thus on the profitability.
How to Mitigate Risks:
However, there are some easy steps to mitigate these risks during the hiring process. These steps will help a company to take the right decision.
- This would be more awkward than anything else that a company fall victim to an executive who has fake degree. Degree mills are rampant and thousands of people have taken benefit of these mills by acquiring the desired degrees. Degrees fraud is widespread so you could not be so confident or feel yourself immune to this scam. Always use a third party for executive screening with education verification at the top level.
- Always follow up on the reference provided in the resume. Make sure the references provided by the applicant for the executive vacancy are certain. Verify by calling on the phone number of the company where the aspirant executive has claimed to work for. Do not verify the personal phone numbers which the applicant had provided because these numbers could lead to his friends or family-members. This work can be best done with executive screening company
Looking in the Right Direction:
- Seeing at the right direction is very important when evaluating a candidate. An expert background screening company should validate as far as possible the details and information on the resume. Verify about the duties handled, projects executive, objectives achieved and other targets that he met. Only believing or trusting blindly will not bring any good to your or your company.
Social Media Screening
- Social media screening has becoming an essential part of hiring process these days. Social activity of the applicant gives an insight of the prospective frame of mind and his conduct. The information found on the social media cannot be found on anyone’s resume. The posts on the social media hint at the negativity of the person or his/her likeness or dislikes about a subject or a person. But his blogs, articles, or point of views expressed on the social media can also prove his positive frame of mind.
There are always risks when hiring top executives. A company can mitigate these risks by hiring the services of a well reputed background screening company to verify the information provided in the CVs.