Professional credential validation or PCV is the practice that involves the verification of an individual’s licenses, certificates, and credentials. In Thailand, professional credential verification is asserting its significance more and more each day as there are more professionals of different specialists in various occupations. Employers, need to conduct adequate and thorough research on professional credentials to ascertain that appropriate personnel for the job are hired.
Here are some reasons why companies should conduct professional credential due diligence:
- Prevents legal liabilities – If an employee falsifies their documents, then the firm is on the hook of the law. Thus, the proper assessment of professional credential risks can be carried out to mitigate the above risks by contracting the corresponding services.
- Ensures quality control – Screening assures the employer that the persons hired are qualified to do so and possess the requisite ability to handle the tasks afforded by the contracts given.
- Protects the company’s reputation – An unqualified employee will negatively affect the company by creating a wrong impression with the clients hence causing the business to lose such customers.
- Compliance – There exist some sectors whereby employees have to meet certain licenses and certifications. It is possible to overcome such requirements by conducting professional credential due diligence.
The dangers of not investigating a professional credential
Here are some of the risks associated with not conducting professional credential due diligence:
- Legal liabilities – Earlier was mentioned that if the employee forges documents, then the company is legally liable for this.
- Financial loss – Employing a worker who has not undergone the necessary training causes one to spend lots of money as the worker is comparatively ineffective, unmuscular, and repetitive in his work.
- Reputation damage – An unqualified employee for a certain position has the potential of straining the company’s reputation and leading to loss of business.
- Compliance issues – If the industry regulations are not followed, then penalties are possible as are fines and the suspension of business licenses.
How OSINT can help
Another important method that should be mentioned and can be useful for professional credential due diligence is Open-Source Intelligence (OSINT). It entails assembling and scrutinizing information in the public domain to confirm a man’s bona fides. This can include contacting the licensing and certification bodies, schools, and other accredited institutions.
It will also assist companies to confirm whether the information that the candidate has provided is correct or not when employed in the OSINT procedure. It can aid in preventing the adverse consequences companies face when a ‘no’ professional accreditation check is conducted.
Optimizing the application of professional credential verification
Here are some ways that companies can maximize the use of professional credential due diligence:
- Conduct regular audits – Periodic professional credential verification of current employees can help to confirm that they are keeping their credentials current and with the fast-changing nature of most industries it is a vital procedure to participate in.
- Partner with experts – It is always wise to engage the services of professionals specialized in professional credential due diligence to avoid logistics.
- Utilize technology – The verification of professional credentials is best done through the use of technology to make it efficient and to update it now and then.
Professional credential validity check is an essential process that enables the organization to stay away from legal risks, standardization, safeguarding the company’s image, and legal compliance. With the help of OSINT, and cooperation with the specialists, organizations can achieve the optimal result in the utilization of professional credential checks and employ the most suitable candidate for the position.
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