25% of employment applicants in financial institutions have lied on their CV

21/08/2006 10:44:00

Powerchex a London-based pre-employment screening agency has just completed an extensive research survey analysing CV discrepancies as they occur in the financial services industry (banks, insurance firms, asset managers etc).

2,487 employment applications were examined over the period on one month (July 2006) in an extensive project conducted in conjunction with the Shell Technology and Enterprise Project.

Key research findings include:

- 25% of applicants for positions in banks and other financial institutions have lied on their application forms.

- 38% of applications submitted by British men had at least one major lie on their application form.

- The income group with the largest amount of discrepancies were earning £80,000 to £90,000 per year.

- 51-60 year old applicants have the most discrepancies on their application forms.

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