It's estimated that as many as half of all job applicants falsify their educational credentials. What's more, industry experts cite academic fraud as the most common lie on resumes.
What Are The Risks?
The risks of not verifying applicants' education credentials include:
- Greater recruiting and replacement costs
- Increased employee turnover
- Compromised business performance
- Embarrassment and negative impact to your organization's reputation
- Declining market value
- Lost customers and revenue
- Civil and criminal liability
In The News
- July 24, 2012 - Chief Candidate's Resume Questioned - The Spokesman-Review
- July 17, 2012 - Billion Dollar Industry: Fake Diplomas and Business Degrees - NewsLI.com
- June 24, 2012 - The Lies Behind Diploma Mills - Delaware Online
- May 31, 2012 - Background Questions Land Woman in Court - Lancaster New Era
- May 24, 2012 - State Librarian Hopeful Pleads Guilty to Padding Resume - Oregon Public Broadcast News
- April 26, 2012 - Vice Dean at U. of Pennsylvania Resigns After Bogus Doctorate Is Exposed - Chronicle of Higher Education
- March 30, 2012 - State Missed Details of Minnesota Security Hospital Ex-Leader David Proffitt's Troubled Background - Pioneer Press
- March 21, 2012 - Kean University Students "Occupy" Campus to Protest School President - Suburban News
- March 20, 2012 - Wallington Man Charged with Producing Fake ID Cards - The Record (NJ)
- March 11, 2012 - The City's Top Fraud: Diploma Mills - Crain's New York Business
- March 8, 2012 - Five Biggest Resume Lies Exposed - AOL Jobs
- March 16, 2011 - Man Accused of Medicare Fraud in Dansville, Wellsville - WHEC
- October 12, 2011 - Not Quite a Dr. - Inside Higher Ed
- Learn more...
By The Numbers
- SHRM: More than 53% of job applicants falsify information; 25% misrepresent educational attainment.
- Association of Certified Fraud Examiners: 41% of applicants lie about education. It is estimated that resume fraud costs employers approximately $600 billion annually.
- ADP Screening Index: 45% of employment, education and/or credential reference checks reveal discrepancies in the applicant's information.
- Wall Street Journal: 34% of all application forms contain misrepresentations about the applicants' experience, education, and ability to perform essential job functions.
- CareerBuilder: 49% of the 3,100 hiring managers surveyed caught a job applicant fabricating some part of his/her resume.
- American Psychological Association: According to a recent study, 67% of job applicants' resumes in the U.S. contain misrepresentations.
Recruiting: Industry Facts
It costs $7,000 to replace a salaried employee, $10,000 to replace a mid-level employee and $40,000 to replace a senior executive (Source: Recruiting Times).
2011 ADP Screening Index
46% of candidates processed through reference checking came back with information indifference (slide 29).
36% of the time companies discovered falsified information, it was after the employee was hired.