The Fama Files- From Research to News on Online Screening

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The latest industry news, Fama research, interviews, and resources.

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Workplace Misconduct Makes the News in May 2023

Fama Acquires Social Intelligence

Today, Fama, the innovator in online screening that makes hiring great people easy, is announcing the strategic acquisition of Social Intelligence to help companies mitigate workplace misconduct and grow their teams with the most robust online screening solution on the market. With this news, Fama is expanding its network of background screening partners by more than 75% while integrating Social Intel’s expertise and market share to build on Fama’s momentum. Leveraging the combined expertise of Social Intel’s legacy platform and Fama’s innovative approach, current and future customers will benefit from the robust reach of its screening capabilities.

Reduce Investment Misconduct and Improve Business Decisions with Enhanced Investor Due Diligence

Every year, investors and investment firms around the world invest hundreds of billions of dollars, if not trillions of dollars into startups and established companies across a variety of industries. Although these large investments can often result in considerable gains, they can also lead to substantial losses. The smartest, most competitive investors understand how to mitigate the risk of losses by implementing a comprehensive investment due diligence process. This process not only reviews the company and financials, but also the management teams in place to support company growth and success.

10 Examples of Workplace Misconduct in the News from March 2023

There’s no skirting around it anymore - workplace misconduct is everywhere. And, it doesn’t seem to be going away anytime soon. In fact, some data suggests it’s only getting worse. The SEC reported it saw the largest number of whistleblower complaints in 2022 - with over 12,300 complaints filed last year alone. When Employee, Executive, and Investment Misconduct goes unchecked, companies suffer talent, legal, financial, and even reputational damages. See recent examples of misconduct that made it in recent news for misconduct issues:

Fama Research

Most up to date findings from Fama's Fact File.

Research

The Impact of Workplace Misconduct on Executive Search

Executives don’t just need to be qualified in their functional business area, they also need the right skills and values to properly lead a team. Employee misconduct is so costly and pervasive that occupational fraud alone costs companies 5% of their annual revenues. Employers paid $137 million to employees for harassment in 2020. In total, US companies spend roughly $50 billion a year because of workplace crimes.

How Online Screening Can Impact Quality of Hire

2020 Social Media Benchmarking Reports

The Legality of Online Screening

The Toxic Employee Handbook

Few hiring managers, recruiters or HR professionals are fully aware of the costs that come from having a single toxic employee. Written by Dr. John Sullivan, the “Michael Jordan of Hiring,” this handbook will clarify the range of damages caused by toxic employees and show you how to develop a hiring process that prevents toxic employees from ever coming on board.

The Cost of A Toxic Hire

Toxic employees damage turnover, shareholder value, insurance premiums, and more. Working with our clients and the broader research community, we’ve found fresh data showing that toxic hires cost more than you might think.

Fama Webinars

Check out some our lastest and greatest!

Webinar

Improving Quality of Hire by Evaluating Candidate Behavior

We partnered with ERE Media on a webinar to help talent acquisition professionals better understand how to improve quality of hire by evaluating candidate behaviors. The experts discussed: Defining what quality hire means for your organization Strategies and best practices to evaluate quality of hire Tools and solutions that can help And even what happens when companies make the wrong hire