The Aberdeen Group has recently released a study looking at the positive effects of background screening. The report found that organizations using such background checking tools such as employment and educational verifications, and reference checks experienced a 60% better quality of hire.
There are many candidates available for hire, but skills are in short supply. Many candidates looking to find a job are aware of this trend, and are tempted to embellish their resumes to get hired. For a company, hiring the wrong candidate can be a costly mistake involving both wages paid during training, and the eventual dismissal of the under-qualified candidate. Such a mistake often brings the company back to finding a new hire, having wasted time and money in the process.
The report found that the integration of background screening services lowered the cost of hiring an average of 5% per hire. The ability to filter out unqualified candidates from an available position allows a company to find the right candidate more quickly. Companies who choose not to spend capital prior to hiring a candidate will often take more time to hire a candidate, and are at greater risk of hiring an under-qualified candidate.
BackCheck is Canada’s leader in pre-employment screening. For over ten years, our service and expertise has helped companies to avoid making poor hiring mistakes, saving them money in the process. Our service is fast and friendly, with results accessible online at your convenience. Do you know who You’re Hiring?