Résumé fraud drains your resources. Over half of applicants put false information
on their résumés. Discovering this early allows you to terminate the application
process before you incur additional expense and wasted time.
Employee theft endangers your company. The U.S. Chamber of Commerce estimates that
employee theft costs American companies nearly $40 billion per year. Because an
employee has greater access to your resources, they are 15 times more likely than
a non-employee to steal from you. This loss lessens your competitive edge; it also
threatens to put you in the one-third of all business failures that happen due to
Hidden costs of bad hires can drag your company down. According to the U.S. Department
of Labor, the cost of a bad hiring decision can exceed 30% of the employee’s potential
earnings during their first year. For management candidates, the figure is much
higher. If you fail to carefully screen applicants, you may end up with employees
Are unqualified qualified to perform their work.
Exhibit work habits out of line with your company’s standards.
Possess attitudes and personalities that create conflict with coworkers and lower
morale in the workplace.
Have inappropriate expectations which eventually lead to low productivity and great
Liability issues can threaten you with huge settlement costs. Employers can be sued
and held liable if they "fail to use reasonable care in the employment selection
process." If it is determined that you should have known about potential risks an
employee posed, you can be held legally liable for their actions and the consequences—to
other employees, to customers, to stockholders, and to the general public.
Workplace violence is a terrifying reality. A study by the Society of Human Resource
Management showed that 57% of companies reported that a violent incident in their
workplace over a four-year period. Two million American workers are victimized by
workplace violence annually, costing employers $36 billion. The average award in
lawsuits resulting from workplace violence is $1 million. What would be the impact
of a million-dollar settlement on your business? Our screenings help reduce this
threat to your workplace.
Compliance issues complicate the screening process. The Fair Credit Reporting Act
(FCRA) sets standards for employment screening and privacy considerations, with
substantial penalties for non-compliance. These standards include various disclosures
you must make before, during, and after the background check has been performed.
Our automated searches adhere strictly to FCRA guidelines and we provide you with
checklists of your responsibilities in implementing those searches.
Intellectual property theft is a time bomb. Intellectual property theft extends
well beyond loss of patents and designs or counterfeiting of products. It also encompasses
your marketing strategies and retail plans. Such theft costs American employers
billions each year. Careful professional screening can help protect your trade secrets
and other proprietary information.
Employee access to information increases your vulnerability. The smaller your company,
the more responsibility each employee generally has. This may mean access to financial
records, banking data, employee files, and customer records. Even small companies
can have credit card and identity information on thousands of customers. This makes
you vulnerable to identity theft schemes and devastating lawsuits if identity information
is compromised by a dishonest employee. Some criminal rings even plant employees
to use legitimate businesses as the base for criminal activities.
Federal anti-discrimination laws can be used even by unscrupulous applicants. A
great fear of many employers is that an applicant who is turned down will sue under
anti-discrimination statutes. One of the strongest defenses against such legal action
is a consistent standard of background screenings for each position. Our screenings
help you attain that.