Employment screening helps to verify the integrity, identity, credentials, and trustworthiness of job candidates, in accordance with Australian legislation (Australian Standard AS 4811-2022 Employment Screening). A thorough package of background checks tailored to the role being hired for is an essential for any business, but they are especially crucial for companies and organisations in technology, science and innovation areas.
Protection of Intellectual Property
Not only do these industries require employees who are skilled and knowledgeable in their line of work, but they must also protect their intellectual property and trademarks. From patents to trade secrets, organisations in STEM fields rely on their intellectual property to maintain a competitive edge. Unfortunately, this valuable information is often left unprotected during recruitment, making it vulnerable to theft or misappropriation.
There are some additional costs involved in either running an employment screening in-house or in collaborating with an external partner such as Accurate Australia for this role. That being said, the nominal extra cost per preferred candidate is miniscule in comparison to the potential costs associated with IP theft, which can be significant and can have lasting reputational impacts.