LeadershipHQ Magazine June 2015 2nd Edition | Page 21

Four Questions Every Leader Should Ask About Their Company’s Hiring Practices By Colin Boyan, Director, CV Check Limited Screening Question #1 What if you could buy inexpensive insurance that protected you, your business and your brand? for a police check or an employment reference you know how badly it stalls your hiring process. You’re stuck … waiting. As Myer found out earlier this year, when things go wrong they can go wrong in spectacular fashion. In the meantime, your candidate might accept another offer. You might also lose the other shortlisted candidates. A bad hire at a senior level, significant internal fraud or theft, or a high profile HR dispute will result in bad press and reduced confidence in your company. Every week I see another high profile business cringing in the spotlight and exposed to bad press over damage inflicted by a bad hire. At the same time, another dozen suffer in private hoping that nobody will find out how badly they’ve been hurt. This doesn’t have to be you. Here are 4 questions you can ask yourself or your team to find out if your business is taking an unnecessary risk or missing an opportunity to reduce hiring costs. What might that cost you? Dealing with a legal battle or a financial mess is not only costly … it distracts you and your trusted staff away from tasks that actually add value. In Myer’s case, less than $100 worth of checks would have saved them from their hiring debacle. Cheap insurance indeed. Screening Question #2 What if you could save time and make faster hiring decisions? If you’ve ever waited days or weeks 21 | © LeadershipHQ 2015 Your admin staff have to continually monitor and manage that process and, while you wait, an important role remains unfilled. Opportunity costs continue to mount. Is it any wonder so many employers rely on their best instincts and skip straight to hiring? But, what if you could slash waiting times? Choosing a modern online screening service changes everything. For example, CVCheck’s online police check results can be returned to you in as little as 1 hour. Real-time dashboards and progress notifications eliminate process monitoring and leave you to focus on making informed decisions based on verified results.