Employee due diligence is the procedure for investigating potential employees before they are hired. Due diligence employment analysis is an evaluation done on a potential employee before hiring him /her. In Thailand, it plays a significant role in finding the right people to join the concerned company and fulfill the legal and regulatory standards. I would like to explain the notion of employment due diligence in this blog post and demonstrate why this approach is rather helpful and necessary for Thai businesses.
Below are some of the undesirable effects of an organization’s failure to undergo employment due diligence
Failing to conduct employment due diligence can lead to several consequences for businesses, including:
- Legal issues – If a company gets an employee with a criminal record this will attract legal consequences for the company.
- Damage to company reputation – This is because when an employee involves himself or herself in a malpractice or unlawful deed, it will be so disappointing for the rest of the team to present such material to the customers as they are bound to do, thus customers will develop no faith in the company.
- Financial losses – The consequence of hiring a dissatisfactory employee, one who is not qualified or one who is a behavioral problem means that one will be burning the company’s money through low productivity and high turnover not to mention legal liability.
Advantages of employment checklist
By conducting employment due diligence, businesses in Thailand can benefit in several ways, including:
- Mitigating risks – Consequently, conducting a background check helps the employer to realize some risk factors that may be linked to the employee like criminal background or unfavorable termination of previous employment.
- Ensuring legal compliance – Employment due diligence assists in avoiding violation of the law when the employer is hiring employees, for instance, labor laws, and visa laws among others.
- Protecting company reputation – In essence, through screening, organizations can keep off employees with a bad track record thus preserving the reputation of organizations.
- Making informed hiring decisions – Employment due diligence is full information about a candidate, including his knowledge, experience, and character, which helps the company to make correct decisions in teamwork.
Industry expert for employment due diligence in Thailand
Employment due diligence is critical in Thailand as it assists organizations in ensuring compliance with the law when hiring their employees, avoiding risks related to new employees, and defending a firm’s image. These experts use a range of methods to conduct employment due diligence, including:
- Background checks – Specialist companies that provide employment due diligence can do criminal records checks of the candidate, employment verification, credit checks, and more.
- Reference checks – Other employees can also be interviewed by the employment due diligence experts to cross-check some of the experiences, skills, and character of the intended employee.
- Social media screening – Employment due diligence can also involve a social media search carried out to collect information on the candidate’s social media activity.
Secrecy and OSINT in employment verification
Thai employment due diligence professionals know the significance of confidentiality and ensure appropriate measures are taken to prevent the disclosure of clients’ and candidates’ information. They incorporate the use of OSINT (Open-Source Intelligence), where they obtain information from some of the public sources inclusive of social media pages and databases. This assists them in gathering important information about a prospective employee to be hired while at the same time ensuring that the privacy of the applicants is well observed.
Employment due diligence is crucial in Thai law companies to reduce legal issues, and risk, enhance the company’s reputation as well as make the right hiring decisions. Thus, employment due diligence services enable the company’s management to avoid hiring an improper candidate and minimize the negative outcomes of this action. In addition, these professionals utilize OSINT as an additional tool to support investigations or background checks without violating their clients’ or potential employees’ rights to privacy.
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