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Latest research shows that around 20% of the CVs processed daily by recruiters contain some sort of discrepancy.

According to the Alexander Mann Solutions data, this has a direct and significant impact on KPIs including time-to-hire, quality of hire and fill rate.

The report ‘Risk Mitigation in Assessments: The silent threat of CV’, revealed that around 53% of the time recruiters detect fraudulent CVs during the interview stage, 49% during background checks and 41% during phone screening.

Background checking remains the most common form of pre-employment screening in mitigating against CV fraud, however, newer methods – such as social media screening – are also on the rise.

When quizzed on the most common discrepancies found in CVs, almost three quarters of recruiters (73%) said candidates had altered employment timelines.

Other types of fraud identified included falsely claiming skills, inflating job titles and listing fake qualifications, which were flagged by 51%, 47% and 31% of respondents respectively.

Thinking of appointing Dolan Accountancy?

Give us a call on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

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Claudia Nuttgens, Global Head of Assessment and Selection at Alexander Mann Solutions, commented, “There is no doubt that falsified resumes are a growing universal concern among talent acquisition professionals – and as CV fraud evolves, so should the solutions we use to fight it.

“Businesses must re-evaluate existing processes to identify any areas of vulnerability and decision makers should also consider how technology can be deployed to enhance existing capabilities without negatively impacting the candidate experience.

“However, it should be noted that, despite the promising advancements in automated CV fraud detection, companies must be vigilant in developing these new tools, and should not forget the importance of empowering the recruiter to detect these. Technologies developed must not only be compliant with global standards, but also consider regional and local regulations.

At the end of the day, people will remain central to any new screening process. The detection of fraudulent cases will still rely heavily on a recruiter’s skills and capabilities, rather than on tools or technologies.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com

Why Thousands of Contractors Choose Dolan Accountancy

With over 25 years experience in contractor accountancy helping thousands of contractors, freelancers and the self employed, Dolan Accountancy has the specialist skills, reputation and credibility you can trust.

Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £105 + VAT. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795 100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours
  • Free use of Contractor Umbrella – With IR35 Legislation changes we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams
  • Free Access to FreeAgent – We offer all of our clients access to FreeAgent, free of charge
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few
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