Top 5 Key Benefits of Using Background Screening Services For Hiring
If you are struggling to hire the right people for your team, using background screening services can be a game-changer. These services can verify a candidate’s criminal history, credit report, and more, helping you make informed hiring decisions that increase your company’s productivity.
Partnering with a third-party background verification provider with in-house compliance experts can help your business develop a screening solution that satisfies your industry standards and state and federal regulatory needs that vary by job type.
Reduce the Risk of Fraud
Background screenings can help you avoid fraud by verifying an applicant’s identity. This includes verifying their social security number, determining whether or not they have lived at the same addresses as they have listed on their application, and checking their employment history.
A credit check can reveal information about an applicant’s bankruptcies, tax liens, judgments, accounts in collections, and other relevant financial information. It can also help you determine their financial responsibility and spending habits.
Background screenings can also help determine if an applicant has a criminal record, including felonies or misdemeanors. This can help you make an informed hiring decision and improve the quality of your hires. It can also reduce losses from employee theft, lower the risk of a negligent hiring lawsuit and spare you costly public relations efforts should one of your employees cause harm.
Protect Your Company’s Reputation
Hiring the wrong candidate can affect employee morale, client relations, and sales. Dishonest staff can also lead to negative publicity and financial loss.
In addition, negligent hiring can leave your company liable for the actions of your employees. This is often the cause of lawsuits, which can significantly damage your company’s reputation.
Background screening services can help you prevent this. They can verify a potential employee’s employment history, education, certifications, criminal records, etc.
Hiring an employee is one of the most expensive business aspects. It’s estimated that every time an employee leaves, it costs up to 50% of their salary to replace them.
A background check can help your company cut down on costly turnover. It can also help you avoid hiring employees who fit in with your organization’s culture or need to be qualified for the position.
Performing a background check like healthcare background screening is especially important in industries such as healthcare, where employees have access to sensitive patient information. It can help avoid negligent hiring lawsuits damaging your reputation and your staff’s safety.
Streamline Your Recruitment Process
Pre-employment screening helps employers weed out applicants who are not suitable for a position. This reduces the number of unsuitable candidates, saving them time and money.
By screening candidates for their educational and employment history, criminal records, job history, licenses, and certifications, employers can reduce the risk of hiring employees unsuited to their work. This is essential to a safe and productive workplace.
In addition to pre-employment screening, many organizations require post-hire monitoring as part of their employment contract. This is often necessary in healthcare and other industries with strict regulations and licensing requirements.
Running background checks can be a cost-effective way to ensure that you’re hiring suitable candidates. However, using too many services that don’t fit your business model can add up and cause costs to skyrocket unnecessarily.
A good background screening partner can help you determine the most effective and compliant approach for your company. They should also be transparent about fees and offer volume discounts for screening services.
In addition, a good background screening provider will have experienced people who can guide you through deciphering these reports. They will also be able to advise how to deal with adverse action letters and other legal issues that might arise from conducting background checks.
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