Do you know how much employee turnover costs? It might be more than you think. For a lot of small business owners, spending money on employee background checks and pre-employment screening seems counter productive when you are trying to enhance your profitability.
When you take a look at a bad hire, you are going to start incurring more monetary losses than what you initially bargained for. You hire a new employee with the intention that they will be proficient in their job after an introductory training period. Once they are up and running, they should be able to complete the assigned tasks of their job description within an allotted time period that maximizes your productivity and subsequent payroll goals.
If this hire is unproductive, or even worse begins to alienate customers, you will begin to decrease the leverage you might once have had by hiring this employee. You are now beginning to lose money by having them work for you.
Unfortunately, you can’t just bounce them to the curb. To avoid litigation, you have to have a disciplinary action plan where they are given the opportunity to find out that they are not fulfilling the required expectations of the job, and are given an action plan and time frame to complete their turn around.
This action plan may be repeated up to three or four times before the employee can be let go. In the mean time, you will continue to suffer losses from this employee.
Employee background checks help reduce these incurred costs by reducing the likely hood of hiring a bad employee from the beginning.
To purchase Pre-Employment Screening Services or 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