Using the best background check site to screen candidates is important because it helps your organization to manage the hiring process efficiently, reduce the cost of hiring and recruit candidates without felony records. The three main reasons why you must use background check sites are:
- Having control over the hiring process and minimizing the risks of hiring misfits in the workplace
- Use background checks to gather and verify candidates’ past employment information before hiring
- hiring the most qualified candidates and protecting your company culture and employees from being exposed to risk for criminal activities including violence, abuse, and theft.
In addition to training employees, organizations should create a culture that deters employees from engaging in criminal activities such as theft by emphasizing the importance of criminal prosecution and putting educational efforts aimed at preventing fraud and dishonesty.
Attract better employees
By projecting a tough attitude towards crime, organizations can deter employees from being targets. Other effective loss reduction strategies include dividing financial responsibilities and employing an outside accountant to review checks monthly.
Using a background check to hire new employees is a great way to ensure that you are hiring the best candidates. These checks can reveal a range of vital information about a candidate’s identity and criminal record. They can also uncover how well-financially responsible they are and how much debt they may have. By using this technology, you can ensure a higher quality of employee hire and create a more productive working environment.
Reduces losses linked to fraud and dishonesty
Fraud and dishonesty in the workplace is a major problem for businesses of all sizes. According to the U.S. Chamber of Commerce, companies suffer losses of $30 billion to $100 billion annually due to employee theft and fraud.
Employee dishonesty not only decreases productivity, but also negatively affects the company’s reputation, employee morale, and public confidence. One of the best ways to prevent dishonesty is to conduct background checks on prospective employees. These background checks reveal past issues and help to prevent fraud.
Another way to reduce losses linked to fraud and dishonesty is to listen to employees. Not only will this improve their productivity, but listening to employees’ stories can help reveal additional clues. For example, an employee who has worked for a company for 15 years may be working 65 hours a week and living with a new relative. A fraudster can come from the least expected place.
In order to reduce losses linked to fraud and dishonesty, organizations should have policies in place that can identify and prevent fraud in all forms. While there are numerous forms of fraud, two of the most common are financial statement fraud and employee theft. The latter involves intentional misstatement of financial information.