Introduction
Background Screening Index 2016
Download the full Background Screening Index 2016
Quick Jump:
2016: A Snapshot
Managed Integrity Evaluation (MIE) noted an overall 14% increase in the demand for background screening services in South Africa and Africa over the last five years.
This increased appetite for vetting solutions through a reputable background screening partner - which assists in finding top talent and minimising the risk of bad hires - is largely due to organisations recognising the benefits such solutions have on business operations.
Why Background Screening?
- Improves quality of hires;
- Improves staff retention;
- Mitigates risk and reputational harm;
- Assists in managing costs; and
- Uncovers discrepancies
Questionable links in the procurement chain, fraudulent credentials (of individuals and businesses alike), and unqualified staff all pose huge financial risks for companies. However, the associated reputational risks and damages are often even more far-reaching. That’s why MIE recommends background screening checks as the first step organisations need to take before employing potential candidates, entering into new business ventures or appointing new suppliers.
Background Screening Industry Challenges
- Information availability
- Compliance requirements*
- Turnaround time
- IT security
- Lack of industry regulation
* Taking the rights of candidates into consideration, relating to the Protection of Personal Information Act (POPI), MIE only conducts background verifications on consenting candidates. It is also important to note that MIE is a registered Credit Bureau and complies with the regulations set out in the National Credit Act.
