With competition increasing for a reducing number of jobs, candidates are under increasing pressure to lie on their CV.
As a result, employers should look at re-evaluating their screening procedures and consider introducing additional measures such as psychometric testing.
According to recent research carried out by employee screening specialists The Risk Advisory Group, the number of candidates submitting multiple lies increased by 10% in 2007.
The study of 3,800 CVs found dishonesty increasingly prevalent among 36 to 40-year-olds with 62.9% of CVs containing at least one discrepancy.
The number of cases with three or more discrepancies also increased 9% compared to earlier research.
Discrepancies were particularly prominent in employment and academic dates, fictitious professional qualifications, omitted County Court Judgments, and undeclared directorships.
A spokesperson for The Risk Advisory Group, said that CV discrepancies are on the increase and becoming more serious.
Many are simple errors of omission, but a significant number will be something more serious, such as bankruptcies, criminal convictions or even fraud against previous employers.
The spokesperson went on to recommend that employers re-evaluate their screening programmes and consider re-screening employees in light of this increasing threat.
In light of the fact that the economy has declined significantly since the research was conducted, and there is even greater temptation for applicants to lie on their CVs, this advice is more relevant than ever before.