As 2022 has ended, many compliance teams are assessing how they may improve this year. We offer the following advice for a successful and fully compliant 2023.
Compliance teams must engage in constant vigilance, and that means staying on top of their own performance and seeking improvement wherever possible. While examining past results and setting goals for 2023, we recommend keeping these fundamentals in mind.
First, remember that gut instincts are valuable. If an applicant seems suspicious or too good to be true, there’s likely a good reason why. Compliance teams can save time and money by screening these applicants out before requesting pre-employment background checks on the other candidates.
Next, simplifying the job candidacy process is essential for every company. Now more than ever, applicants expect seamless and intuitive procedures, especially from a technological standpoint. If a company appears to be trapped in a prior decade, top talent may pass them over. Employers should partner with background check companies that can deliver a premium experience both for their compliance teams and their job candidates.
On that note, perhaps the most important thing is to work with a reputable screener rather than the cheapest or quickest option. While fast, inexpensive results have their appeal, partnering with a less-than-qualified screener may result in costly—even catastrophic—mistakes.
Finally, compliance teams must understand the risks involved in their work. We recommend regular training on the most up-to-date legislation and regulations relevant to the industry and locations where the company operates. Likewise, choosing a reliable screening partner who also understands the dangers will help offset risk.
