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Is it required for entry -mid career level positions? Or only for senior position?
Reference Checks are very essential to hire a Genuine Employee. From the Reference check stage itself we could able to guess the level of his Morality.
If you are hiring for someone else, I guess you want to do it to cover your behind, but otherwise I find it irrelevant.
People will choose to name those references who will vouch for them. To check with former employers can be counterproductive, as we all make friends and enemies alike, and getting in touch with either will not give you a realistic picture of the candidate.
In hiring, I always listen to my gut feeling- do I feel this person has character and do I feel he / she is selfmotivated and has the right attitude. This is something you cannot read from the CV - this is why you are the hiring manager, it should be part of your skillset.
So, to give you a one word answer - no. Reference checks are like trying to figure out if food is tasty by looking at the photo.
Reference check is important n organizations following this process either at initial stage or b4 offer job, even documents verification is also conducted by organization either self or by third parties. companies also keep this record of referees in employee personal file.
Agree with Expert Answer and many Expert they give good Answer.