Hiring costs you money. From the time it takes your HR people to read resumes and conduct interviews to the very real costs of running background checks and drug screens -- the dollars add up. While skipping or glossing over steps in this process might seem like a great cost-saving move, the truth is, hiring the wrong person costs you much more in the long run.
Monetary costs are not the only risks. Hiring the wrong person can affect morale and productivity. Not hiring the right person can land you in a vicious cycle of spending and being understaffed.
Bottom line, doing it right the first time is better for your team and your balance sheet.
Employees who are not properly vetted can end up costing a company thousands of dollars. One study found that one in forty retail employees were discovered stealing from their employers. You can read more about the study from our whitepaper.
There is no reason to put yourself at risk. Background checks can help prevent one bad hire from taking down your company’s hard work. Learn more about how you can prevent a bad hire with a background check.
- Turnover Costs: americanprogress.com
- Training: trainingmag.com
- Time to fill: shrm.org
- Job board advertising: glassdoor.com
- What is a “Bad Hire” Survey: careerbuilder.com
- Customer Service: zendesk.com, forbes.com
- Lowered Productivity: gallup.com, wsj.com, and chron.com
- Stress: apa.org
- Absenteeism: circadian.com
- Fraud: acfe.com and globalretailtheftbarometer.com