10 background check facts all employers should know

infographic which nicely highlighted the background check process, and some important facts about pre-employment background checks. And it got us thinking. What are the key facts about background checks that all employers should know? What are the figures that will help them make their mind up? With that said, we came up with these ten key background check facts that all employers should know, to help them make their hiring decisions: 1) 90% of American corporations perform background checks With such a substantial number ensuring they’re getting employees they feel are truly valuable, do you really want to be part of the 10% that don’t? 2) 10% of all background checks have at least one serious red flag 1 in 10 is quite a high number when you consider the number of background checks performed, and a serious red flag is not something you can simply shake off. 3) 53% of all job applications contain inaccurate information Consider the number of applicants you had for your last open position. More than half of them lied in their application. Don’t you wish you knew who had been telling the truth? 4) Workplace violence accounts for 18% of all violent crime Background checks can help you screen out those with a violent history during the application process, to ensure that none of your employees are on the receiving end of workplace violence. 5) Employers have lost more than 78% of negligent hiring cases Screening out bad applicants prior to hiring can save you a lot in long term, and with the odds against you in the courts, it’s better to be safe than sorry. 6) 30% of all business failures are caused by employee theft That’s almost 1 in 3 failed businesses that may have been saved had employment screening occurred. By performing background checks you are doing all you can to ensure those you employ won’t steal from you. 7) Workplace drug and alcohol use costs U.S. businesses an estimated $100 billion each year Make drug testing a key part of your background check process, to make sure those you are employing do not have an alcohol or drug problem. With so much potential revenue at stake, it’s not a step you can afford to miss. 8) There are currently four applicants for every vacant position With such a vast pool of potential employees to choose from, use this to your advantage and only hire the very best. Perform thorough checks, and ensure your new employees are the best of the best. 9) There is no such thing as a “free” or “instant” background check This sort of information on people is neither free nor instant, so be sure to go with someone professional. Don’t cut corners on such an important part of your hiring strategy. 10) The average costs of a bad hire may equal 30% of the first year’s potential earnings Do you really want this cost hanging over you? A little cost for proper employment screening checks can help save a lot down the line – both in legal costs (as highlighted earlier), and profits. And that’s a wrap! Are those ten facts enough to make you realize why you should background screen potential employees? If you’re still on the fence, or have any questions, get in touch with us today and we’ll help you understand how to get started with this vital process.]]>