Can you spot a resume that has been exaggerated on? Knowing who you are hiring is vital in minimizing the costs of a bad hire, yet so many companies do not take the time to do this. Resume fraud is estimated to cost North American Companies billions of dollars a year. When the economy is struggling and the jobs are scarce, resume fraud increases. With so many people competing for jobs, companies are being very specific about requirements in hiring. Some job seekers will do whatever it takes to find employment. Here are some quick facts that I was able to find on the internet.
- 89% of all resumes are misleading
- 9% of job seekers claim false degrees
- 30% of people will change employment dates
- 41% of job seekers lie on their resumes
So where are these little white lies and exaggerations happening? The top fabrications are:
- Education – either they never attended the school, inflated their GPA, indicated they have completed a degree when they did not or fabricated the school’s existence all together.
- Compensation – who doesn’t want more money? This is common when a job seeker is looking to try to secure more benefits or basic compensation.
- Accomplishments – Exaggerating their contributions to the company, receiving special recognition or level of responsibility.
- Job Title – again trying to increase the compensation from a new employer. This one is pretty self-explanatory.
- Why they left – Downsizing, company closing, inability to work with the people in the office, when in fact they were asked to leave, terminated or quit.
How do you identify a resume that is fraudulent? Here are some tips:
- Look at the employment dates – if the dates are in years not months they may be trying to hide a gap in employment. Gaps in employment are a red flag for companies looking to hire, so the job seeker is trying to be creative in showing their employment history.
- Educational Institutions are listed with the program taken, but the degree is not included. One criterion that many companies are requiring now is a degree. This shows that the individual is able to complete something that they started and helps to shrink the resume pile. Knowing that, job seekers are trying to include the information in a way that is not necessarily lying, but misleading.
How can you avoid hiring a person who has lied on their resume? It really is an easy solution, verify the information. Contact the employers to verify at a minimum the employment dates and job title. Do not just contact the references as some people will put their friends or family members to aid in getting the job. If that reference is still working for the company, contact them through the main company phone number. Check out the companies and educational institutions online. Chances are pretty good that if they are not credible, you find that information. Verify professional memberships and check out the job seekers social resumes or online profiles. If all of this seems too much, hire a professional company to complete the work for you. You need to do your due diligence to protect your company.
Have you ever determined that the information on a potential employee was false? What information did they falsify?