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.

The current pool of available talent is larger, and more diverse than ever. This fact alone should tempt managers to rethink their hiring process. The quantity of people and the skills they have to offer can be overwhelming for companies trying to find the best fit for available jobs. The volume and quality of submitted resumes may breed anxiety for those trying to pick the best applicant.

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:

Some managers run a small, tight-knit group with little turnover and spend most of their time working and managing the team. However, managers of groups with high turnover (or rapid growth) may spend most of their time filling vacant roles rather than actually working and managing.