The facts do not lie — background checks save business owners time, money and stress.
The statistics show that workplace liabilities such as theft, fraud, violence and harassment cost business owners billions of dollars each year, with those numbers continuing to rise.
Almost a third of all business failures are caused by employee theft and on-the-job violence alone costs employers $36 billion each year. Even before you hire an employee, there can be issues. One third of all application forms contain lies about crucial information. It costs between $7000 and $40,000 to replace an employee and, in the U.S., over half of all new hires don’t work out.
So, what should smart employers do?
As a business owner or human resources professional, you must make vital decisions about potential or current employees in a limited amount of time. You may also have to comply with a growing number of state and federal regulations regarding safety and privacy — and you also have a business to run!
Grand Slam Investigations can help your business understand:
- The Value of Background Checks
- The Industries We Serve
- Background Search Packages
- Descriptions of Types of Searches
- Regulations and Compliance
The Value of Background Checks
For a business, the question of who do you trust takes on whole new meaning, and often has to be made far more quickly. Trusting an employee means giving them access to the lifeblood of a company, including the goods it sells, the production equipment it uses, the cash that flows through it, the proprietary ideas and the reputation on which it rises or falls.
The answer to this is to take every precaution to ensure that all new hires are exactly who they represent themselves as. And your first line of defense is a comprehensive, professional background check.
Learn more about the value of background checks here.
Grand Slam Investigations offers computerized search packages customized by industry and further refined to meet your needs. They are fast, accurate, discreet and cost effective, with access to billions of records through hundreds of thousands of databases in 50 states and 200 countries. They can even be performed by you or your representative on our state-of-the-art web search interface, saving you time when you need the facts fast.
Knowing the truth before an employee becomes a problem can save you from:
- Lost productivity
- Damaged reputation
- Material theft
- Criminal operations
- Liability costs
- Training losses