Red flags identified from 10% of employment verification records.

In 2022, CBI has verified over 500 senior executives with 4000+ records of employment, education, and professional qualifications. Red flags were identified in at least 10% of the records, with the majority related to falsification of education background, including concealing school dropouts and fake certificates.

According to Forbes, degree mill industry is estimated to be generating $7 billion a year, meaning there are a lot of unqualified candidates holding degrees issued by unaccredited institutions. Hiring these candidates, especially the leadership roles in your company, would pose significant Reputational Risk.

Employment Verification does not necessarily entail high costs, but neglecting to perform thorough checks can be costly to your company.