Making sure that your employees are qualified, honest and reliable before they ever get to the office, job site or store is one of the first steps you can take toward having a workplace that is safe for everyone — and protecting your businesses from costly problems.
But hiring is a risky endeavor. You are responsible for getting the right person for the job and weeding out the wrong person — someone who could damage your brand’s reputation or whose behavior once they are on the payroll, is negligent or criminal. In today’s tight job market, it’s even harder. Your hiring decisions have to happen quickly and efficiently and you really don’t want to be forced to replace a bad employee.
So, it makes sense for even small businesses to invest in pre-employment background screening. Although you may feel confident about a thoughtful application and interview process, consider that an estimated 52 percent of all job applications contain inaccurate information. Misleading details on education, job titles, employment dates, etc. are not uncommon at all and, in most cases, may have little impact on workplace safety.
But when applicants are hiding a criminal history, a substance abuse problem, behavior issues, past dishonesty or are lying about their qualifications, it can put others at risk — and as the employer, you may be legally liable for their actions.
Hiring the wrong person can end up costing you more than just their salary. On average employers lose 79 percent of negligent hiring cases, according to Fortune. Those lawsuits average about $1 million dollars at the time of settlement.
Moreover, businesses are losing big money every year from employee theft. A study conducted by the Association of Certified Fraud Examiners found that employers lose around five percent of revenue annually due to employee fraud or theft. Knowing these numbers, wouldn’t you prefer to be certain that the people you are working with are honest?
Not only will a pre-employment background check likely save your business money, but it also gives you a fuller picture of an applicant and provides peace of mind about who you are bringing into your workplace.
TSS can help you. We offer several background screening services, including custom packages:
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To learn more about these options, contact TSS today!