Background screening may be a way to protect your investments in your business and your employees. With so many employment opportunities in today’s market, it can be difficult for employers to find qualified candidates. This leaves you vulnerable to hiring the wrong person, who could pose a threat to the company, it’s culture and value or potentially damage relationships with your clients. Background checks are designed with this in mind: they provide companies with the tools necessary to make informed decisions about potential hires and avoid these types of pitfalls if at all possible.
While implementing employee background screeing can cost businesses money, the ROI of these services is very high. Here are some benefits an employer may see in their business when they implement employee background checks in Florida for instance.
Prevents or minimizes lawsuits by being proactive about risk management.
It can help companies to avoid the costs associated with having an employee on staff that is a liability, both financially and reputation-wise. By conducting background checks proactively, employers are investing in protecting themselves from these issues before they start. This may prevent expensive litigation down the line, as well as potentially save the time and money that is required for HR to manage such a situation over time.
Additionally, if employers know about any incidents of violence, theft or fraud committed by a potential employee, they can take immediate steps to mitigate this risk by selecting a candidate that may be a better fit for the position. This is aimed at preventing costly damage control or litigation later after something is discovered or publicized or in the worst case scenario someone potentially being hurt etc.
Protects client information.
Protecting client information has become one of the most salient benefits of utilizing background screening services for your business. These screenings may help to reveal incidents of theft, fraud or even negligence committed previously by candidates. Data security lapses, theft or fraud could pose significant and ever expanding risks if they are not caught in time.
Reduces company medical costs.
Substance abuse in the workplace is an expanding issue that employers must be cognizant of. According to a study by the National Institute on Alcohol Abuse and Alcoholism (NIAAA), more than 23 million American adults have struggled with problematic illicit drug use. Your organization could face potential exposure to significant costs and liabilities if an employee comes to work under the influence and a negative situation occurs and results in injury or damage to company property etc.
In addition, substance abuse in the workplace can be a liability for companies that do not have support systems in place to deal with it adequately. By implementing a Florida background screening program and demonstrating a proactive approach towards employee wellness, employers can work to prevent or minimize these risks before they start.
Increases productivity and profitability by hiring qualified, trustworthy employees.
By implementing a background screening program that helps you identify the best candidates, employers can rest assured that they have made every effort to hire employees who will be the best fit for their organization. A quality background screening program may also reduce the time that employers must spend training new employees, increase production overall as a result of less absenteeism and increase profitability as a result of longer tenured employees which results in a decreased hiring and recruiting needs.
Conclusion
When it comes to running a successful business, the ROI for employee background screening has proven to be significant and may provide employers with ancillary benefits that can greatly increase their productivity and profitability. It may be an ingredient that helps you stay ahead of your competition.
