Ten Background Check Facts that all Employers Should Know

• 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? 
• 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. 
• 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 on their application. Don’t you wish you knew who had been telling the truth?  
• 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. 
• Employers have lost more than 78% of negligent hiring cases. Screening out bad applicants prior to hiring can save you a lot in the long term, and with the odds against you in the courts, it’s better to be safe than sorry. 
• 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.  Performing background checks will help to ensure those you employ won’t steal from you. 
• 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. 
• 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, choose the right candidate and ensure your new employees is the best of the best. 
• There is no such thing as a “free” 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. 
• The average cost of a bad hire may equal 30% of your first year’s potential earnings. Do you really want this cost hanging over you?  It is a small cost for employment screening checks which will help save a lot down the line – both in legal costs and profits.