Some interesting background screening statistics

pre-employment background check, here are a few facts and statistics that may help you make that decision…

  • The replacement cost of a bad hire is up to 3 times the salary of the job in question.
  • 39% of all Background Checks had at least one serious flag.
  • Almost 10% of the employees caring for seniors and vulnerable adults have criminal backgrounds.
  • About one-third of resumés have some degree of unreasonable exaggeration.
  • The average fraud loss for organizations with fewer than 100 employees was $200,000.
So if you thought about skipping the background check in order to save a bit of money, think again. A thorough check prior to employing new staff can save you a lot of money, frustration and time in the future.]]>

You May Also Like

Check out these additional posts from Mind Your Business.

Social Media Screening: What You Need to Know

Social media screening has become a hot topic in the industry and for good reason. It was discouraged by legal counsel and was thought of as a very risky hiring practice. The pre-employment screening landscape has changed, and now social media screening is a common hiring practice for commercial organizations and the federal government. Today,…
Read More

Is the National Criminal Database Search Enough?

When conducting a background check, the first step is often searching the National Criminal Database. Also known as the Multi-State or the National Search, this search type pulls information from thousands of databases and jurisdictions. It is often the cheapest option and commonly mistaken as the “all-inclusive” background check. Many companies unknowingly rely on only…
Read More

FYI FRIDAYS: What is Live Scan Fingerprinting?

We were able to announce earlier this month that we would offer live scan digital fingerprinting to our clients. MYB has been conducting name-based background checks for over 24 years. This natural progression will allow us to service more industries and provide an all-inclusive background screening service.  It is important to dive further into the…
Read More

Quality and Precise Results, On Time!

Let us know about your screening needs to get a custom quote. We work with businesses big and small as well as the government. Which means we have a package of solutions for your organization as well.