Small business employees frequently interact with customers, handle money, drive vehicles on the clock, and work with confidential information. A background check is vital to ensuring these staff members can be trusted. Finding a reputable background screening service is easy. But, selecting one that provides a range of packages and industry-specific checks is also essential.
Increased Regulatory Compliance
When you hire someone to work in your business, you want to know they are trustworthy and safe. Background checks can help you make that decision. A background check can also help you avoid negligent hiring claims that can damage your company’s reputation and bottom line. Those claims can be made when an employee contends that the employer failed to properly vet the applicant before hiring and that he or they have suffered damages. Background screening services help you avoid these claims by ensuring that you follow the FCRA’s strict guidelines in conducting background checks and that all results are adequately vetted for accuracy. They can also alert you if laws or practices change and update your process accordingly.
Increased Recruiting Efficiency
When a new employee joins your team, settling them costs you money and time. Recruiting the right people is crucial to your business, especially in this current climate of high turnover rates. Thorough background checks help you find the best candidates and avoid costly mistakes that can put your customers or staff at risk. Using a background screening service that offers a range of packages and a la carte options, including compliance support, is an excellent option for small businesses. Choosing a provider who can seamlessly integrate into your HR software and use a browser extension to run screens without leaving the platform makes it easier for you to streamline your hiring process. A service that cares about your satisfaction is also an important consideration.
Better Retention Rate
A thorough background check can help a small business make a more brilliant hiring decision and mitigate risk. That means the company will see better retention rates as employees stay longer and are less likely to leave for a job with another employer. The risk of a wrong hiring decision can be expensive for small businesses. One in three small business owners say a bad hire costs more than $2500. Small companies typically need more workforce to handle in-house background checks and may need to be made aware of the ever-changing regulations surrounding them. However, a professional background screening provider stays current on federal laws and practices and will alert you of any changes as they happen. That allows you to focus on growing your small business.
Reduced Risk
A common misconception is that background checks are only needed by large companies or businesses that handle sensitive information. In truth, a bad hire can cost any company thousands of dollars in training costs, lost productivity, and reputational damage. Small business owners often need more time and resources to screen candidates properly, so hiring a professional company is an excellent investment. In addition, many reputable providers offer various package options tailored to your specific needs and budget. Finally, a good background check provider will have the knowledge and experience to ensure your company complies with state and federal laws. This reduces your risk of being sued for negligent hiring or other legal issues related to pre-employment screenings.
Saves Time
As a small business, you need more time and resources. A hiring process that takes too long can cost you lost revenue or missed opportunities for new hires. A reputable background screening company will help you streamline your process and make it more efficient to find the best talent quickly. In addition, a good firm will provide you with industry-specific screens like drug tests and driver’s license verifications that will speed up the process. They also provide customized packages so that you pay for only what you need. This approach will reduce costs and save you valuable time in recruiting. This will enable you to hire more candidates and grow your business faster. This is important because nearly 3 out of 4 small businesses state that a wrong hiring decision has cost them money.
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