MANILA, Philippines — CIBI Information Inc., the Philippines’ first credit reporting agency, warned of a rise in hiring fraud that could expose companies to steep losses unless they adopt more rigorous verification systems.
The firm pointed to a mix of economic pressures, intensifying competition and the easy availability of online tools as factors that have made it simpler for job seekers to misstate or embellish their qualifications.
Common tactics include falsifying academic records, inflating work experience, inventing technical skills and, in some cases, manipulating personal identities to secure an advantage in the hiring process, CIBI said.
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Read more: Business Inquirer
