In an increasingly competitive jobs market rife with candidate fraud, digital badges are the breakthrough that allows companies to immediately verify candidate qualifications and avoid the costs, inconvenience, and business risk of unqualified hires. Digital badges also enable genuine job applicants to benefit from instant credibility and avoid losing out on career opportunities to unqualified fraudsters, whose numbers are currently on the rise.
Job Applications in a World of Increasing Competition
With the technical skills gap widening, salaries in the IT field are growing as companies struggle to find the qualified talent they need. Consequentially, the rise in IT wages has produced a more competitive IT job market, as increasing numbers of recession-hit candidates apply for IT positions with the promise of interesting, in-demand work, a competitive salary, and the enhanced job security of the IT domain.
The allure of such positions is leading many candidates to push the boundaries of truth on their CVs, studies reveal, with numerous applicants being outright untruthful about their qualifications. Companies, meanwhile, in the rush to hire seemingly qualified IT staff, are making the mistake of rushing through the candidate selection process and not verifying candidate qualifications, ending up with a potentially bad hire.
Why Qualifications Matter: Calculating the Cost of an Unqualified Hire
The effects of a bad hire are difficult, but not impossible, to quantify. According to a survey by AXELOS, a UK-based global best practice solution provider, in the past three years, nearly 40% of UK companies have spent more than £10,000 re-hiring staff after employing someone who was not properly qualified, with nearly 10% having spent over 4 times that amount.
But the financial impact spreads far beyond the calculable recruitment expenditure. There are many hidden costs, such as the increased management and colleague time trying to coach the incumbent up to speed, and costs incurred through on-the-job mistakes. There are also missed opportunity costs as the business stagnates through a lack of technological innovation, in addition to the untold negative impacts on the business’s reputation – cited by 26% of the HR managers surveyed by AXELOS as the most significant risk posed by underqualified staff.
The estimated fully-loaded costs of an unqualified hire can add up to a staggering sum.
Qualification Checks as a Hiring Priority
With candidate fraud on the rise and its costs so high, vetting potential employees needs to be a mandatory step in the recruitment process. And yet, the AXELOS study shows that before employing someone new, nearly half (48%) of UK-based HR professionals do not always check whether applicants’ qualifications are valid. This is a recipe for potentially wasting resources on the wrong hire. The candidate qualification check is a must-have.
Common Problems with Validating Qualifications
There are many reasons why qualifications are not checked correctly, if at all, even when the process is advocated.
Firstly, how do you check qualifications? Many firms will ask a candidate to email in a scanned copy of their certificates – but these can be easily falsified, even without IT skills. Asking the candidate to bring in their credentials in person is better, but still doesn’t guarantee their validity. Proper verification traditionally requires time and resources.
Secondly, who is responsible for checking qualifications? The hiring manager? Recruiter? HR administrator? The onboarding team? The external recruitment agency? While it’s in everyone’s interest, qualification checking frequently gets passed around with no one owning the issue.
Thirdly, qualification checks are usually the last step in the recruitment cycle and, as time-consuming administrative tasks, too often get pushed to the bottom of the to-do list and forgotten about, as more urgent needs take priority.
The answer to all these problems may be easier than you think – Digital Badges.
Digital Badges – Validation Made Easy
The use of digital certification badges is a massive boost for background checks, enabling employers to:
Digital Badges Are Essential for Employers and Candidates Now More Than Ever.
Data gathered by the UK’s Office for National Statistics reveal that, in just the last three years, 14% of 138,000 HR managers and directors have dealt with at least five instances of employees not holding the qualifications they claimed. That’s nearly 100,000 employees, working in Britain, having lied to get jobs they were not qualified to do. To prevent future deceptions, companies must leverage the ingenuity of digital badges today.
Digital badges, such as those offered for free with Oracle Certification, are also a boon for genuinely qualified job seekers, allowing them to:
Digital badges are the perfect solution for qualification checks, helping companies to avoid the pitfalls, perils, and price of unqualified hires, while boosting the job and career prospects of
honest, certified professionals.
If you are a candidate, earn your Oracle Certified digital badge.
If you are an employer hiring Oracle professionals, request a digital badge as confirmation of skills and knowledge.