When you’re interviewing a potential employee, skipping the background check is a scary proposition! It’s important to screen potential hires in order to protect your employees and the reputation of your business.
These 5 statistics are scary enough to convince anyone that it’s necessary to use background checks as part of the hiring process.
- According to Business Week, 16% of executive resumes contain false academic claims and/or material omissions relating to educational experience.
As an employer, you should get what you’re paying for in an employee! It’s important to run a thorough background check that includes an education and license verification search to establish the accuracy and credibility of information provided by a potential employee.
- The U.S. Department of Labor estimates that the average cost of a bad hiring decision can equal 30% of the first year’s potential earnings.
There’s nothing spookier than a bad hire! In the long run, the cost of running a background check has the potential to save an employer thousands of dollars.
- According to the Association of Certified Fraud Examiners, in 36.2% of occupational fraud cases, the victim organization did not recover any losses.
Dealing with fraud is an unfortunate reality in many industries. An in-depth background check is imperative to protect your business from a potential fraudster!
- More than 70% of substance abusers hold jobs; one worker in four, ages 18 to 34, used drugs in the past year; and one in three knows of drug sales in the workplace, according to the Center for Substance Abuse Prevention.
Drug use in the workplace can put your employees at risk and open your business up to a slew of liability issues. A simple pre-employment drug screening process is an easy way to keep drugs out of the workplace.
- According to the Bureau of Justice – workplace violence accounts for 18% of all violent crime.
An incident or violence in the workplace is an employer’s worst nightmare! Fortunately, a properly conducted background check can reveal any past incidents in a potential hire’s history.
We know that these statistics are frightening, but with the solutions provided by Edge Information Management, you can shield your business from ending up with a scary employee.
Happy Halloween!!
