Workplace 101: A Profiles Global Business Blog

The U.S. Chamber of Commerce estimates that employee theft costs American companies $20 billion to $40 billion each year. This number increases rapidly when you consider the costs of replacing employees who steal. Thirty percent of job applications contain false information. We can think of no better reason to use pre-employment screenings. The most popular way to determine if an employee is trustworthy and reliable is typically a background check. Background checks allow employers to view a candidate’s vehicle records, legal records, credit reports, employment records and citizenship status, among other records.

A rose by any other name does not smell as sweet, because a name like Rosewood Hotels and Resorts demands a flawless reputation. Rosewood Hotels and Resorts is a premier manager of ultra-luxury properties worldwide. Their reputation precedes them, and maintaining that stellar reputation is a priority for the company. Learn how they reduced hiring costs and improved quality of hire.

Would you lose sleep if you lost a mission-critical employee or if your CEO announced a major expansion strategy in a new field of play? How quickly could you react and adapt to these situations and do your part to help your organization win in an intensely competitive environment? Most organizations can't simply go out into the world and pick up quality talent on a whim; skills are in short supply, and the competition is becoming increasingly resourceful in attracting the people with those skills. Proactively building your talent pipeline is good business and will help you shine in times of change.

A new study by the Aberdeen Group has identified the four most common strategies to achieve hiring excellence. These are:

Avoid Hiring Competent Employees Into Jobs In Which They Will Fail

There is no greater tragedy in business than hiring competent employees into jobs in which they are destined to fail. When this happens, their potential is wasted. Could your employee hiring process use some improvement? Do you find that you hire employees with long-term expectations, and yet their employment is short-lived?