In many big companies, the hiring process is extremely complicated. When a company decides to hire any particular employee, they are basically making a huge investment in that person. If the employee decides to leave a few months after his or her training is completed or if the employee receives a better offer, it’s going to cost the company a significant amount of money. The hiring process costs the company a good deal of money. Until a new employee is hired, a current member of the team will have to bear the responsibility of the work to be done. That employee will be paid overtime by the company as well.
On top of that, the company also has to spend a significant sum of money in order to hire a new employee. The HR managers have to send out notices to different media networks highlighting the need for a new employee as well as explaining the criteria for prospective candidates to apply and then spending a lot of time and resources on checking each application and shortlisting candidates.
However, the same does not apply for making senior or high-risk hires. Appointments made on an executive level need to be checked carefully beforehand and a proper screening process needs to be set in place so that the company doesn’t hire a fraudulent employee. Checking the candidate’s background is vital before bringing him or her on. That’s because the company’s many secrets will be laid bare to high-risk employees and it’s important that a business finds the right employees to trust. Here are the basic stages of the hiring process.
Rather than screen each and every application and carry out background checks on every employee, most companies generally outsource their executive background check and screening services to third-party corporate investigative agencies. This can save the company a great deal of time, money, and resources. The investigative agency will compile a comprehensive report about the candidate’s background and screen him or her carefully to confirm whether he or she is suitable for a job or not. If there’s something dubious in the prospective candidate’s past, it will be listed within the report.
Comprehensive screening is necessary in order to build a complete picture of any particular employee. The main parts that the investigative agency focuses on when screening any employee is his or her experience, credibility, public profile, and, of course, potential risks associated with hiring the candidate.
Once the screening has been completed and a prospective candidate has been selected for the next stage, the company will then hold interviews in order to ask the candidate what he or she can offer to the company and then gauge the candidate’s responses. It can help the HR managers figure out whether a particular employee is suitable for a job at the higher positions on the company’s roster or not. After the interviews are completed, the HR managers will evaluate the applications and then decide which candidate to hire. The candidate will be asked to sign a non-compete and a non-disclosure agreement as well.