Smart businesses conduct their operations in a manner that positively impacts their profitability or bottom line – from processes and solutions to service delivery and workforce. In today’s landscape where credential fraud and diploma mills are widespread, ensuring company staff are genuine and fit for role necessitates the importance of background screening. Here are four ways implementing a robust background screening program for potential and existing job candidates boosts your organization’s bottom line:
#1 Shorten the recruitment process
HR professionals and hiring managers go through a lengthy and time consuming procedure of selecting, interviewing and approving a candidate for an available job position. Applying an accurate screening program can significantly help in fishing out unqualified or dishonest applicants, thus saving both time and money.
#2 Reduce the chances of hiring the wrong people
Giving the job to the wrong person may cost the business a substantial amount of money. To this end, verifying their academic, professional and personal information before hiring them can actively mitigate such losses and safeguard your organization’s bottom line.
#3 Lower the risk of losing clients
An incompetent employee is the fastest way to lose a client, leaving the company to deal with unnecessary implications and reputational damage. By screening applicants before hiring them, you can dodge similar occurrences and avoid such risks upfront – hence not only retaining, but also growing your client base.
#4 Avoid lawsuits related to negligent hiring
Employees have a direct impact on the satisfaction and wellbeing of the people your business serves, especially in vital sectors like healthcare or education. Conducting a comprehensive background check on job candidates – both potential and current – protects your organization from falling prey to negligent recruitment lawsuits, which cost a hefty sum of money.