The Return on Investment When

Using Background Checks

The hiring strategy which is the

heart of every Human Resources

or Risk Management is

employment background checks.

Employment background checks

are widely known as a crucial part

of the hiring process designed to

leave out any undesirable

applicants while also representing

a significant cost.

But people are debating and asking

how much do background checks

cost and what value does it deliver?

The payoff of background checks

based on common sense and the

goal of this paper are best

practices.

Turnover of Companies

Turnover is the ration of the number of replaced employees in a given time period to the average number of employees employed during the same time. There was estimation for the annual average total of employment for a country which was at least 138 million employees; the turnover rate is 37 percent that resulted in 53 million job turnovers.

Bad Events

Bad Catastrophic Events happens

when there is workplace violence,

drug and alcohol use, sexual

harassment and accidents that have

occurred due to false qualifications.

These events will result to lawsuits and

negligent hiring litigation that will haunt

employers and will always follow on.

The Whole Picture

For every dollar an employer

invests in background checks,

their return of investment will

range from 5 to 16 dollars that

will result to improved

productivity, lower turnover,

and decrease employer’s

liability and cut out

absenteeism from the picture.

For additional info concerning

The Return on Investment When Using Background Checks,

go to

http://govpublicaccess.com