Choosing the right person for the job is a challenge faced by every company. It’s important that during the hiring process and you get the right information you need to make an informed hiring decision. Hiring is one of the most riskiest decisions a hiring manager can make. Many companies aren’t running pre-employment background checks.
Need a couple of reasons to run one? Noble Diagnostics has compiled a list of reasons why you should run a pre-employment background check.
When you are hiring someone without running a pre-employment background check you are trusting that person blindly. You have no way of checking their experience, their history or their background they are trying to claim. 58% of resumes have misleading or incorrect information on them.
Business estimate that they lose 8% of revenue due to employee fraud each year. The Association of Certified Fraud Examiners (AFCE) also found that the median fraud loss at businesses with less than 100 employees is 28% higher than at larger companies ($154,000 at smaller companies vs. $120,000 at larger ones). Money theft isn’t the only concern that business have, there is also another form of potential theft like cybercrime.
Running background checks help you make safe hiring decisions that will benefit the company and your employees and with the help of creating a safe work environment. Our goal is to help ensure safe workplaces for employers, employees, and the general public. Background screening before hiring is one of the most important steps you can take to reduce the risk of workplace violence. Convictions for violent crimes are an obvious red flag.
Reducing Employee Turn Over
Employee turnover is something that every business experiences. When employees leave, it’s costly for your business. It takes time and money to find and train a replacement. That’s why it’s best for businesses to reduce their turnover as much as possible with having a pre-employment background check
“Negligent hiring” is a legal term that describes an employer’s liability for an incident caused by an employee when the employer knew (or should have known) that the employee posed a risk. This company will have a lawsuit because of the accident that the employee caused if the company ran a pre-employment background check and an MVR they would have seen that this employee was a legal risk.