MultiLatin Releases the First Contracting Risk Index in Latin America

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MultinLatin Background Screening’s Contracting Risk Index is based upon data obtained from pre-employment screening of 42,000 job candidates across 11 industries in Mexico, Brazil and Central America during 2017

The CONTRACTING RISK INDEX takes prevention to new heights giving its’ clients a global perspective on risk and presenting the first actuarial analysis of risk when hiring candidates in Latin America.

Recently, MultiLatin Background Screening, leader in pre-employment screening presented its first Contracting Risk Index (on job applicants) in Latin America.

This year MultiLatin presents the CONTRACTING RISK INDEX – 2018, the first of its kind in Latin America. Our focus this year is on Mexico, Panama, and Brazil, countries where we carry out a large part of operation and because of their significance for the region’s economy.

For the past four years MultiLatin has offered clients an analysis of its overall findings on the background checks it conducts annually, giving them a perspective on the hidden risks in the labor market. This year MultiLatin goes one step further, giving its clients not only a global perspective on risk in Latin America, but also an analysis focused on weighted risk for each industry.

David Robillard, President of MultiLatin Background Screening, said, “Our screening programs provide Human Resources and Compliance Directors with decision-making in the “here and now” in their selection process, answering this question: Does the background of this candidate pose a risk to my company?”

The CONTRACTING RISK INDEX takes prevention a step further, presenting a broader perspective on risk in the market: At what level and to what type of risk am I most exposed when looking for candidates in my sector in Latin America? This is the first solid analysis of risk when hiring candidates in Latin America, backed by LOCTON’s team of actuaries and solid methodology.

Lockton, global insurance brokerage firm, was responsible for the methodology used to analyze, consolidate and interpret this past year’s findings.
One of the most important additions to this year's index is the heat map, which illustrates how findings for each industry weigh the impact of inconsistencies against different background screening criteria.

According to MultiLatin’ s CONTRACTING RISK INDEX, background screenings in the Mexican financial services sector uncovered major inconsistencies, particularly regarding applicant’s employment experience and identity.

Also notable is the incidence of findings within the transportation and logistics sectors, in which Mexican candidates presented double the risk. Specifically, it was found that 20 candidates per thousand in Mexico have criminal history as compared to 10 in Brazil and 9 in Panama.

Robillard added, “The failure to verify candidate supplied information may cause considerable damage to a company's reputation. A solid screening program allows companies to considerably reduce these risks”, stated David Robillard, President of MultiLatin Background Screening.
The index also presents information about criminality by gender, inconsistencies provided by millennials and outlines the drug testing process ‘Chain of Custody.’

The Contracting Risk Index provides important information for hiring managers and human resources to help them make informed hiring decisions and to avoid unnecessary risk.

For more details you may obtain a full copy of this report via the following link:

CONTRACTING RISK INDEX

For more information, please contact: info(at)multilatin.com or visit our website: http://www.multilatin.com

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David A. Robillard
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