Report shows that smaller companies lag in adopting technologies and practices to find, recruit and retain young talent
IRVINE, Calif.-- HireRight, a leading provider of global employment background checks, drug testing, education verification and electronic Form I-9 and E-Verify solutions, is excited to announce findings from the 2018 Small / Medium Business Spotlight Report.
Featuring results from the 2018 HireRight Employment Screening Benchmark Report, this Spotlight Report compares micro, small, medium and large companies. It provides insights for business in each category, helping them improve their recruiting and screening processes, and their understanding of the challenges that each company segment faces.
The report finds that all companies, regardless of size, identify finding and keeping qualified candidates as their most significant talent acquisition and management challenge. However, smaller companies appear less interested than larger organizations in utilizing technology or improving the candidate experience to reach and recruit applicants. This is troubling, as both technology and the candidate experience are important factors for the younger workforce when deciding on where to work:
“The findings from our 2018 Small and Medium Business Spotlight Report show that companies are not using every tool at their disposal to reach, attract and recruit younger candidates,” said Guy Abramo, chief executive officer at HireRight. “All organizations – particularly smaller companies – can improve their recruiting and retention efforts by developing a better understanding of what younger generations are looking for as they enter the workforce. Companies of all sizes should keep in mind that attracting young talent goes beyond monetary compensation and workplace perks.”
When it comes to background screening, companies of all sizes reported that verifying information and procuring quality data are significant challenges. Partnering with a background check company can accelerate time-to-hire, verify backgrounds and reduce screening challenges. This is important because companies off all sizes reported that candidates provide false information:
Both small and large companies identify criminal and other public record searches as the most prevalent type of pre-hire background checks. With respect to compliance, companies of all sizes report negligent hiring and EEOC compliance as a top concern. As the company size increased, more interest was shown in maintaining EEOC compliance.
The report also found a correlation between company size and electronic storage:
The complete findings from the 2018 Small / Medium Business Spotlight Report can be found here.
HireRight’s 2018 Small Business Spotlight compares background check and other employment practices of micro-, small-, medium- and large-sized companies. Figures may exceed 100% or may not equal exactly 100% due to rounding or the option to select multiple answers.
HireRight helps employers hire the right candidates, by delivering global employment background checks, drug testing, education verification, and electronic Form I-9 and E-Verify solutions. Employers can tailor HireRight’s extensive screening solutions to their unique needs, giving them peace of mind about their hiring and vetting processes. HireRight’s platform integrates with existing HR platforms and applicant tracking systems, giving organizations and candidates the best possible experience.
HireRight is headquartered in Irvine, CA, with offices around the globe including regional headquarters in London, Mexico City and Singapore. Learn more at www.HireRight.com.
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