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Risk Management Show
Hiring Risks: How to Avoid Costly Mistakes with Fletcher Wimbush
Feb 7, 2025
Fletcher Wimbush, CEO of Discovered and IntegrityFirst Tests, brings over 26 years of expertise in talent acquisition to the conversation. He shares crucial strategies for minimizing hiring risks that can impact financial stability and safety, highlighting the need for structured interviews, candidate scorecards, and integrity testing. Wimbush emphasizes the link between hiring practices and cyber vulnerabilities, as well as the unique tools available, like a Hiring GPT, designed to streamline the recruitment process and enhance organizational safety.
14:19
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Quick takeaways
- The hiring process is integral to an organization's risk management strategy, as poorly vetted new hires can lead to significant safety and financial vulnerabilities.
- Implementing structured interviews and integrity tests helps organizations identify candidates who align with their values and mitigate future workplace risks.
Deep dives
The Intersection of Hiring and Risk Management
The hiring process significantly impacts an organization's risk management strategy, and neglecting to scrutinize candidates can lead to serious issues. Research indicates that new hires are responsible for a substantial portion of workplace risks, exemplified by a study revealing that 35% of workers' compensation claims come from employees hired within their first year. This highlights the necessity of hiring individuals who align with the organization's values and possess integrity, as hiring unsuitable candidates can open doors to incidents of fraud, safety violations, and other risks. Understanding this connection encourages organizations to reevaluate their hiring practices to mitigate potential hazards.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode