10 reasons pre-employment background checks are a must

pre-employment background checks as part of their business strategy, there’s no denying the importance of them. However, for those that don’t, it’s easy to question why and how they can benefit their company. To put it in its most simplest terms, here are ten facts which show why pre-employment background checks are an absolute essential for any business: 1. 53% of all job applications contain inaccurate information (53%! Think about that for a moment…that’s a lot!) 2. 10% of all background checks have at least one serious flag 3. Workplace violence accounts for 18% of all violent crime 4. The average costs of a bad hire may equal 30% of the first year’s potential earnings 5. Employers have lost more than 78% of negligent hiring cases (so if something goes wrong and your business is sued…statistics show that employers lose almost four of every five cases) 6. 30% of all business failures are caused by employee theft 7. 16% of executive resumes contain false academic claims or omissions 8. Under the “Respondeat Superior” doctrine, an employer is legally responsible for the actions of all its employees 9. Pre-employment background checks will create a safer and more productive workplace 10. With Mind Your Business, the process is thorough, reliable and cost-effective – so there’s no reason not to take that next step!   Sources:  http://en.wikipedia.org/wiki/Respondeat_superior http://www.business2community.com/strategy/the-case-for-pre-employment-background-checks-infographic-0138664]]>