Greater due diligence needed on hires

Asian companies engaged in a cutthroat battle for the brightest and best need to step up their background checks because a significant number of job hunters in the region pad their resumés, FinanceAsia's 4th Annual Compliance Summit heard on Tuesday.

Citing an in-house survey based on 400,000 checks across various industries, Tesh Kaur, a marketing director based in Singapore at California-headquartered HireRight, said about a third of job applications in Asia contain inaccuracies or discrepancies.

Whether that is noticeably different to other parts of the world was not made clear. But what it does mean, Kaur did say to the audience...