Recruitment Fraud Costs UK £24bn

Thursday, 18th April 2019 at 9:53pm

According to the Global Recruiter website, new research has found that recruitment fraud is costing UK organisations £23.9 billion a year.

Lying on applications, using false or fabricated documents and/or arranging false references, is allowing applicants to fraudulently secure positions as senior executives.

Costs associated with a bad hire include lost money spent on training and the recruitment process, reduced productivity, internal investigations and disciplinary proceedings, aside from any external sanctions and reputational damage.

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