Preventing Company Losses With Employment Background Check

Statistics posted shows that as company progresses in America, the number of employment theft also doubles accordingly. Well this is not primarily attributed to the profit gained by the company directly but by the increasing demand of a progressing company for employees. In contrast, when a company expands one primary factor that goes with the expansion is the volume of employees. This would also mean that increasing the number of employees would lead to several considerations and problems that are either natural in sense or simply a result of negligent hiring. According to a survey done by Inquest and posted in their website, every year US businesses in general cost 40 billion dollars every year because of employee theft and dishonesty. In addition to this figure, 30% of the failures incurred in the business are a direct result or a by-product of embezzlement or theft in a company. This does not subdue the fact that Fortune 1000 companies lost $450,000 per annum for the same reasons.

There are so many ways to prevent company theft according to one website. One of the said website’s suggestions is through installing mechanisms and security systems which can help the employer monitor the employees. Not surprisingly, the website who suggested this offers surveillance services and sells gadgets that pertains to the same feat. Well, depending on the size of the premise of the company will the prize of the security system will be equal. In a rough estimate, a company may incur an average amount of $10,000 for the installation of the system and at least another $1000 for the maintenance. However, this is not in reality a preventive act but an apprehensive move on the part of the employer.

Prevention of company theft must be done on the very first process of recruitment and employment. During the application, an employer has the choice to conduct a background check of the applicant. In every state, there are specific guidelines that should be followed in conducting a background check to a certain person. Generally in most states, the law allow background checking to applicant for the purpose of employment but must be done wit a permission from the applicant. Primarily, the report gathered from a background check range from criminal records, sex offender, credit records, and many others.

System security still is not a bad investment for a company. However, this is not a mere solution to company theft. It is a way that can help in the enforcement of better services to clients. It may serve other purposes other than monitoring employees. One way to ensure that as employer you got a better and clean employee is by checking their backgrounds. It will now just depend on you whether to hire a person even he has a criminal background similar to theft and the like.

This time of troublesome economy, a single dollar of loss is a great loss to the company and therefore must be prevented to happen. In just a little amount of penny, one can have a complete employment background check using third party investigators. Over the net, there are hundreds of companies offering background check service. Try them out and see for yourself the great result it can give to your company.