Employee Background Checks And Their Worth - PowerPoint PPT Presentation

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Employee Background Checks And Their Worth

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If you’re the owner of a large business with more than a hundred employees, you may be tempted to skip the background check procedures in favour of saving money, but could this decision end up costing you more money than you saved? – PowerPoint PPT presentation

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Title: Employee Background Checks And Their Worth


1
Employee Background Checks And Their Worth
2
  • If youre the owner of a large business with more
    than a hundred employees, you may be tempted to
    skip the background check procedures in favour of
    saving money, but could this decision end up
    costing you more money than you saved?
  • What can you expect from a standard background
    check?
  • While the following points are what are usually
    included in a basic employee background check,
    its worth noting that many more employers
    nowadays are choosing to check a potential
    candidates presence on social media, too

3
  • Criminal background check
  • Does the candidate have a criminal record or any
    outstanding criminal proceedings outstanding
    against them?
  • Past employment confirmation
  • Does the information given by the candidate on
    their resume, match their actual employment
    history?
  • Identity confirmation
  • As simple as confirming that the candidate is
    really who they are telling you they are.

4
  • Education confirmation
  • Whether the candidate really graduated from the
    university that they stated on their resume, or
    whether they graduated at all?
  • Illegal drug use
  • Is the candidate capable of passing a drug test?
  • What are some of the risks associated with not
    conducting employee background checks?

5
  • In recent research and surveys conducted by human
    resource companies, the findings showed that most
    human resource professionals use background
    checks as part of their hiring process, and one
    of the top reasons for them doing so, was public
    safety. The more that you can know about each
    employee, the safer your business will be, and
    the safer the public will be, too, since the two
    often go hand in hand.
  • Employee theft or fraud is another huge concern
    for businesses, and since the cost of these can
    run into the tens of thousands depending on its
    severity, its hard to imagine why some business
    owners wouldnt want to lessen the risk of this
    happening by running employment checks.

6
  • How much does a background check cost?
  • The cost of employment background checks can vary
    greatly, depending upon how much you want to
    screen them for. Conducting a straightforward
    Social Security number trace may cost you as
    little as 3, but if youre wanting to run a
    nationwide criminal record check, then that cost
    you upwards of 70 for each employee.
  • While these numbers may be alarming when you
    calculate them for your entire workforce, they
    are nowhere near as alarming as discovering that
    an employee youve recently taken on is not who
    they say are, and that they may pose an immediate
    threat to your business and public safety, the
    ramifications of which may be costly and damaging
    beyond repair.

7
  • How far can you go with a background check?
  • Going further than a basic criminal record search
    and demographic information may be more
    expensive, but it gives you the distinct
    advantage of being able to discover any
    bankruptcies, foreclosures or eviction records
    that may be lurking in the past of your potential
    candidate.
  • In a recent estimate from the U.S. Department of
    Labor, the costs arising from having made a bad
    hiring decision, can hit a whopping 30 of the
    earnings from the first year, and when you look
    at it in this light, it seems like a no brainer
    to invest a little in preventing bad hiring
    decisions, and huge money losses further down the
    line.

8
  • Apollo Payroll is one of the premier small
    business payroll services companies in Miami and
    Coral Gables. Apollo Payroll is dedicated to
    delivering expert advice, responsive service, and
    highly accurate payroll processing and reporting
    to ensure the success and growth of the business
    that we serve. Our services include comprehensive
    payroll services in Homestead and other cities in
    Miami-Dade County, employee background check and
    group health insurance in Miami Coral Gables
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