Trust plays a crucial role in business relationships, yet verification of information is essential to avoid negative outcomes. An entrepreneur shares insights from over 20 years of experience emphasizing that even small companies must dedicate resources to verifying claims made by candidates, clients, and vendors. False or misleading information can lead to poor hires or underperforming accounts, which can severely impact profitability. Routine checks on employment history and education are recommended to ensure that hiring decisions are based on accurate information, ultimately fostering better organizational performance and revenue.
The desire to trust others is an integral aspect of business, but verifying essential information can prevent costly mistakes and disappointment.
A single poor hire or an underperforming client account can adversely impact the bottom line, making it vital to check key information prior to offers and contracts.
Pristine resumes often contain misleading information, which emphasizes the need for companies to routinely verify employment histories and performance claims of applicants.
Employers should start confirming employment timelines, performance claims, and educational credentials to mitigate risks associated with hiring decisions and client contracts.
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