It’s no secret that hiring the wrong person can be disastrous for your business. It can result in lost productivity, loss of revenue, and even legal liability. But what many people don’t know is how often it happens because employers are not conducting an employee background check!
This blog post will explain why employee screening matters so much to protect your business from fraud and other costly mistakes.
The risks of hiring the wrong person
Hiring the wrong person can cost your business in many ways. If the person commits fraud or other crimes while working for you, it can result in legal liability. You could also lose money if they damage company property or steal inventory. And of course, there is the potential for lost productivity and decreased morale from the other employees if the new hire doesn’t work out. According to a theft statistic, workplace crime costs businesses in the U.S $50 billion a year.
Your recruitment investment will be more secure if you employ the right people.
Employers spend a lot of money just for hiring a single worker. If you want to hire quality employees, you have to spend quite considerably on recruitment tools such as job ads, employee referrals, and more. When you hire the wrong person it not only means that your company does not gain anything from the investment. It’s a huge loss for your business and one that can be easily avoided by performing employment screening.
Think about the time spent interviewing, hiring, re-hiring, and training. The resources you spent to get the new hire to where they are now will be for nothing if you don’t conduct employment screening. It’s well worth it to take your time when making a decision that will affect your business for years into the future!
Social media has evolved and is now a key part of a background check.
There’s no doubt that social media has changed the way we live and do business over the past several years. It’s so much a part of our lives that we often forget to think about how it affects the way companies do business. In the past, social media was only used to connect to other people. Nowadays, many background check companies are using it as part of the employment screening process.
Employers are using social media to research candidates in ways they could not before. They can check red flags such as provocative photos, hate speech, bullying, obscene language, self-harm, and other questionable behavior. Fraudulent behavior may also be revealed since social media activity is a great indicator of their true character. Performing an employee background check is a good way to weed out the bad apples before you hire them!
The bottom line
Employee screening is your best defense against hiring an employee that will cost your business. When you take the time to perform a background check, it allows you to make a more informed decision about who will be most beneficial for your business.