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The employee was fired for lying. The worst part, Fishman says, is that this person wouldn’t even have needed a degree for the promotion.
Nine years after the U.S. Congress endorsed the use of electronic signatures for commerce, research shows the majority of employers and academic institutions are refusing to accept them for verification purposes.
An alarming 57 percent of requests for employment and education verifications were rejected when an electronically signed consent form was used, according to research conducted by the Quality Service division of EmployeeScreenIQ, a global screening company.
Difficult as it may now be to believe, there once was a time when folks on Wall Street were held in high regard. The high rollers at firms like Bear Stearns, Merrill Lynch and the financial services division of AIG may have been a tad haughty if not outright arrogant, but the lucre they generated evoked similar sums of admiration and envy.
Indeed, post-9/11, screening an applicant’s background went from being an option in the hiring process to a necessity—a measure to ensure the safety of a company’s workers, vendors and customers.
EmployeeScreenIQ was recently named a 2008 Weatherhead100 Award Winner as one of the 100 fastest growing companies in Northeast Ohio.
According to Gallup’s Net New Hiring Activity measure, “U.S. employee’s perceptions of the job situation at their companies worsened significantly in October, with the downward trend continuing to accelerate, as it has over the past three months.”
EmployeeScreenIQ has developed a webinar on the new FTC “Red Flags” guidelines aimed at curbing identity theft.