The pandemic has created a new and expanding set of threats for businesses. Businesses must figure out how to secure their employees, customers, and assets from fraud, theft, and cybercrime in addition to striving for revenue gains in changing landscapes. All of this makes background checks more vital than ever, as long as corporations conduct them per the law. Here are a few of the many advantages of pre-employment screening in a post-pandemic environment.
Against the backdrop of a battered global economy, the pandemic has created economic conditions that can exacerbate theft and fraud both within and outside of a corporation. Organizations can reduce personnel-related risks by doing due diligence on new hiring. Common frauds during the pandemic included fake government or healthcare communications (such as spam or telemarketing calls), phishing websites or emails, phony employment offers, and investments.
A background check can include a credit score, former employment, and litigation in addition to looking into someone’s criminal history to determine someone’s dependability as a possible employee. The premise is that preventing crime is more effective than pursuing criminals. While various standards regulate person screening, the practice increases compliance. According to the 2020 Global Benchmarking Report, regulatory compliance is the second most critical business concern for HR professionals. Furthermore, 44 percent claimed that background screening aided in regulatory compliance. Given that many applications contain discrepancies and fraudulent claims, it aids in placing individuals in the appropriate capacity. Verifying education, training, certifications, and other credentials ensure that a company makes better recruiting judgments.
Employees who have access to money, financial records, or sensitive databases might cause major issues if they are not trustworthy. An organization may suffer not just from the immediate consequences of any negative employee activities (such as stealing or placing the organization at danger of legal action), but also from the long-term ripple effects of a disrupted work environment, expensive lawsuits, loss of workforce, and, ultimately, the effect on profits.
We all make errors, and most employers will make a bad hire at some point. Indeed, according to CareerBuilder, 75% of businesses have hired the incorrect person for a position. These kinds of errors are avoidable and should not be repeated. Pre-employment screening firms provide the experience and expertise to help you eliminate errors and increase the effectiveness of your hiring process.
A background check can help to keep problematic and perhaps dangerous applicants out of an organization. It enables organizations to find more suited workers who adhere to a code of ethics. Screening also ensures the safety of present employees and management, which will result in less turnover if colleagues are competent and pleasant to work with.
You can either delegate the assignment to your organization’s internal team. This may be your human resources department. However, the time needed to finish this activity may be more significant in this scenario and will be determined by the following factors:
Hiring a background check business is another option for verifying a candidate’s employment history. They are professional businesses that assist you in completing applicant employment verifications in the shortest time. While conducting a background check on your own may take weeks, where a suitable candidate may locate another opportunity due to the slow and tiresome hiring process at your end. On the other hand, a background check company enables you to hire the best talent within 2-3 days, making the task hassle-free.