This presentation explains why certain job candidates may place fraudulent education credentials on their resume. It is important for your business that you understand and be cautious of potential false credentials on a resume.
2. The Situation
• Educational fraud is one of the most
common concerns on a resume.
• Diploma mills are prevalent on the
internet and it is very simple to
choose any diploma of your choice.
• George Gollin of the Council for
Higher Accreditation, told CNN in
2010 that nearly 100,000 fraudulent
diplomas are sold each year.
3. Common Reasons for
Education Fraud
There are four common reasons on why a potential job candidate would
create fraudulent education credentials:
1. Cost
2. Competition
3. Inequality in Family Income
4. Debt
4. 1. Cost
• The average yearly costs in
2015-2016 for an in-state public
university were $24,061 and
$47,831 at a private university,
as reported by College Board
on CollegeData.com.
• These high prices could
motivate someone to create a
fake degree in order to save
money.
5. 2. Competition
• With each new generation, the
base educational requirements
continue to be raised on certain
jobs.
• Bachelor degrees are no longer
the golden ticket to a high
paying position.
• This can put pressure on
workers to create a fraudulent
degree of higher education.
6. 3.Inequality in Family Income
• College Board reported in 2015 that the
lowest income tier had a decline in
income by 1% while the highest income
bracket increased by 51%. Those with
middle incomes averaged a 20%
increase.
• This type of inequality can make it difficult
for those in lower income brackets to
afford college. Which can make the idea
of educational fraud more appealing.
7. 4. Debt
• Mark Kranrowitz of
Edvisors.com estimated that the
average student loan debt for
2015 college graduates was
$35,01.
• Student debt is a stringently
regulated debt and failure to pay
can ruin a credit score.
8. Ramifications of
Educational Fraud to
Employers
• An employee who fakes their credentials will
most likely be unable to efficiently handle their
job responsibilities.
• This can be costly to a company that needs
someone to step in and be effective
immediately.
• Add in the loss of replacing that employee, and
the price to the company can be significant.
9. Avoiding Educational Fraud
• Thorough pre-employment screening is the most effective way to
avoid educational fraud. Incorporating educational verification into a
background check process can help ensure a proper hire is made.
• Employers should not accept a paper copy of a diploma, degree or
certificate as proof of education. Sites like PhonyDiploma.com allow
anyone to print out education documents. The company will even
provide fake transcripts for an additional charge.
• A professional background check company will verify the credentials
before the wrong hire is made by contacting the educational
institutions to confirm educational histories.
10. Legal Reminder
Always check with your HR department and/or legal department
to ensure that all your hiring/employee practices abide by the
regulations provided by the EEOC as well as all other state and
federal labor laws.
For more resources, check us out at
sbchecks.com