The purpose of the 2009 Powerchex Survey was to reveal trends in candidates’ attempts to deceive potential employers in the financial sector by lying or embellishing the truth on their CVs and job applications. The survey took into account 4,735 applications for jobs in the financial sector made between June 2008 and May 2009. These applications were screened by Powerchex for discrepancies, including: hidden criminal records, hidden CCJs or bankruptcies, and lies about academic records, professional qualifications, employment responsibilities, employment dates and reasons for leaving.
The results were analysed for trends and compared to the surveys of previous years. Note that: “2009” refers to the sample of 4,735
applications made between June 2008 and May 2009. “2008” refers to a sample of 3,876 applications to financial firms made
between May 2008 and June 2007. “2007” refers to a sample of 2,960 applications to financial firms made between May 2007 and
June 2006. The Shell Technology and Enterprise Programme carried out the survey on behalf of Powerchex, a London based pre -employment screening firm specialising in the financial services sector.
In conjunction with Powerchex, the premier pre-employment screening company for financial institutions in the UK, Beachcroft has developed the following document, to assist HR departments in complying with FSA best practice as it relates to Approved Persons
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