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By Occasional Contributors | 4 Minutes Read July 9, 2012

Hiring controls: a close look at managing the risks of hiring

Human capital is a firm’s most important and profitable asset. Recall Swiss banking giant UBS’ rogue trading disaster in 2011, during which the bank reported a $2.3-billion loss as a result of one man’s unauthorized trading. UBS’ chief executive officer resigned as a result, and the bank also lost two high-ranking executives who took indirect responsibility for the incident...

Article by Occasional Contributors / Business / background check, bias in hiring, candidate risk, ethical risk, false representation, falsifying documents, fraudulent claims, hiring, hiring friends, human capital, internal risk, job applicant, legal risk, nepotism, recruiting policy, reference checking, reputation, résumé, risk management, social media

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