5 Reasons Background Screening Can Save You Money
CIRCUMSTANCES THAT WILL COST YOUR COMPANY
- Third-Party background checks are costly. Background checks access vast databases in thousands of different locations. Large screening companies charge top dollar to perform their searches, but we train you and allow you to access our Web-based search interface directly, saving you time and money. And we are always available for any assistance you may need, should the occasion arise.
- Compliance issues complicate the screening process. The Fair Credit Reporting Act (FCRA) sets standards for employment screening and privacy considerations, with substantial penalties for non-compliance. These standards include various disclosures you must make before, during, and after the background check has been performed. Our automated searches adhere strictly to FCRA guidelines and we provide you with checklists of your responsibilities in implementing those searches.
- Intellectual property theft is a time bomb. Intellectual property theft extends well beyond loss of patents and designs or counterfeiting of products. It also encompasses your marketing strategies and retail plans. Such theft costs American employers billions each year. Careful professional screening can help protect your trade secrets and other proprietary information.
- Employee access to information increases your vulnerability. The smaller your company, the more responsibility each employee generally has. This may mean access to financial records, banking data, employee files, and customer records. Even small companies can have credit card and identity information on thousands of customers. This makes you vulnerable to identity theft schemes and devastating lawsuits if identity information is compromised by a dishonest employee. Some criminal rings even plant employees to use legitimate businesses as the base for criminal activities.
- Federal anti-discrimination laws can be used even by unscrupulous applicants. A great fear of many employers is that an applicant who is turned down will sue under anti-discrimination statutes. One of the strongest defenses against such legal action is a consistent standard of background screenings for each position. Our screenings help you attain that.