Today’s talent war battleground means employers need to up their game to attract and retain top talent. For Geoff Skingsley, Executive Vice President of Human Resources at L’Oréal, the world’s largest cosmetics and beauty company, investment in staff is a strategic priority.
Temporary assignments continue to grow in lieu of permanent employee relocations as companies adjust their talent management strategies to reflect the difficulties employees have selling a home in a sluggish housing market. Companies are deploying employees on strategic initiatives for assignments often lasting 18 months or longer including new market start-ups, facilities expansions, mergers and acquisitions, joint ventures, disaster recovery and stimulus projects.
Between 1995 and 2010, the number of companies utilizing background checks as a part of their hiring process expanded dramatically enough that one could say, without exaggeration, that demand for pre-employment screening products has exploded. Significant policy changes in the insurance industry are in large part responsible for this shift; in order to reduce liability, many employers are required to perform at least some level of screening on new hires. Figures generated by Shield Employment indicate that the industry currently represents between $2-3 billion annually, and continues to grow at a rapid pace. Shield’s projections indicate that that figure may triple to $9 billion by 2020.
Accreditation means that a school has been evaluated by education authorities to ensure it is offering high quality learning opportunities. Some schools are regionally accredited, others are nationally accredited, and the programs they offer may have a "specialized" accreditation. Once you understand the different classifications, you'll be better equipped to make solid choices pertaining to training and development funds for employee education.
Statistics indicate your business probably is conducting pre-employment screening. Statistics also show you probably chose your vendor based on turn-around times and price, a fact that may be putting your company at risk. TruDiligence is committed to bridging the gap between your budget and best practices.