How CIBI’s Workforce Solutions Help Companies Hire Faster and Smarter
In the face of growing recruitment risks, CIBI’s Workforce Solution aims to help companies build smarter hiring processes.
Today’s recruitment landscape is riddled with challenges that make hiring more complicated, including resume fabrication and identity fraud. These challenges have proven to be costly for employers.
According to the Association of Certified Fraud Examiners (ACFEs), companies lose around 5% of their revenue to fraud each year. In the Asia Pacific region specifically, fraud cases account for 11% of all reported incidents, with an average loss of $1.2 million (Php68.60 million) per case.
These numbers highlight the need for a more sophisticated recruitment process that can address the pain points employers face when hiring.
Employers’ Pain Points During the Hiring Process
CIBI Information Inc., the Philippines’ pioneering credit reporting agency, identified the following pain points:
- Identity and background verification
- Evaluating true fit and integrity
- Balancing speed with diligence
According to the ACFE, 50% of fraud cases stem from a lack of internal controls or overriding existing ones. This goes to show that traditional hiring practices are no longer sufficient to address the issues that come with the hiring process.
While resumes and interviews provide a basic overview of a candidate’s background and communication skills, they do not offer sufficient insight into an applicant’s true identity and behavior.
CIBI’s Workforce Solution
In order to address these challenges, employers must adopt data-driven hiring strategies beyond surface-level in order to truly understand who they are bringing into the organization. This is where CIBI can help companies raise the bar in recruitment security.
CIBI’s Workforce Solutions equips companies and recruitment professionals with powerful tools for identity verification, background screening, and credential validation. As part of its Workforce Solutions, CIBI offers annual security checks that go beyond pre-employment screening. This helps organizations maintain ongoing workplace protection and public safety.
These security checks allow companies to identify emerging risks throughout an employee’s tenure, minimizing the likelihood of incidents that could compromise safety or well-being of the general public.
“Fraudulent behavior is often discovered only after employment begins,” said CIBI President and CEO Pia Arellano. “Imagine how much of that risk could be avoided if proper screening measures were in place before a candidate even steps into the role. It’s not just about internal controls—it’s about building a frontline defense against fraud before it has a chance to occur.”
As fraud and identity misrepresentation rise, smarter hiring isn’t optional—it’s essential. With its data-first approach, CIBI’s Workforce Solutions empowers companies to secure talent, protect their teams, and earn public trust.
