When it comes to examining an applicant’s history, the mantra “the best predictor of future behavior is past behavior” has been the guiding principle behind this practice. For employers to know what performance to expect from a prospective member of their staff, they will want to have a pre-employment screening process in place that will give them this insight. The potential repercussions caused by a bad hire are enough to make any business reluctant to take a chance on a new employee without a rigorous background check. Employee background checks are important and here is why: According to the 2010 National Retail Security Survey, internal theft cost retailers $15.9 billion and accounted for 45% of shrink. In addition, during a new associate’s first ninety days, companies can potentially invest anywhere between $5,000 to $75,000 in their training and development; this is motivation enough to make an employer not want to have to repeat this process too many times.
The potential hire selection process not only has shrink implications to consider, but staff members can also be potential liabilities for their employers. This is a prime example of why pre-employment screening is so important. Legal actions involving negligent hiring practices and employers being held accountable for a staff member’s actions can be avoided if due diligence in hiring practices can be demonstrated. Also, in a society as litigious as ours, prospective hires that could jeopardize a business’ compliance with federal and state safety guidelines should be avoided. Lastly, employee background checks can assist in avoiding a bad hire’s potential damage to a company’s reputation, which can’t be measured in monetary losses.
The need for employers to perform background checks for prospective staff members is palpable and choosing the right background check company is a crucial part of the hiring process. When considering the right business to handle this, accuracy of information and timeliness are important factors. Choosing the wrong background check company for examining applicant backgrounds can nullify the steps an employer takes to avoid the potential hazards the appointment process can pose.
For more information on background check experts, background checks, criminal background checks, employee background checks, or pre employment screening contact us at the background check company or call 1.866.914.2567