Every hire offers a new opportunity for productivity. However, every person added to your team presents a business risk. In order to overcome this issue, performing background checks during employment or pre-employment screening can help a lot to confirm your hiring decision. It also keeps your business profitable and productive. A background check depends on what type of search you order because there are several different sets of records and data to pull from.
Generally, a background check for employment shows employment verification, identity verification, credit history, criminal records, education confirmation, driver’s history, and more. Employers gather information to evaluate a candidate’s character and help to protect against the wrong hire.
What does a background check consist of?
As we know that there are different types of background checks. However, Employee Background Check is usually concerned with the top three searches that include:
- Identity and social security verification
By searching extensive databases such as the department of homeland security or social security administration records, a background check can show whether or not a social security number is valid.
- Credit Report
Credit reports are prepared that collect information from a variety of sources like credit card companies and financial institutions. However, credit reporting agencies do not have identical data. The general categories of information on a background check are:
- Identifying Information – Credit bureaus provide identifying information like name, date of birth, and address.
- Credit Inquiries
Criminal background checks for employment also show criminal offenses at the state or federal level. Various crimes which may be reported include:
- Felony convictions
- Current pending charges
- Dismissed charges
- Misdemeanor convictions
- Acquitted charges
However, employers should take caution while evaluating the shows up on this form of background check for employment.
- Background screening improves regulatory compliance.
As we know that employers face several layers of regulation during the process of hiring. There are several state and federal guidelines for issues like eligibility and discrimination. Within health care and financial services, there are many industry-specific regulations from governing authorities as well as certification concerns.
- Background screening creates trust
According to a career builder survey, more than 38% of employees lied about their previous job responsibilities. Moreover, applicants can also have fake diplomas, work histories, as well as references. Implementation of a comprehensive background screening program helps the applicant start with your company off on the right foot with the establishment of a transparent relationship.
- Background screening reduces loss
Employee theft is known as a massive problem. According to the recent study, it has reported that 95% of employees steal from their employers. It is on the rise just because of poor background checking programs. However, knowing about the previous theft convictions upfront can help you a lot in making your hiring decision with material facts.
- Increase safety and security
One of the significant benefits of a healthy background screening program is the ability to identify potentially harmful individuals. It is fascinating to know that a review of background check reports also reduces the instances of negligence, theft, job fraud, drug use, violence, and abuse. Mobile Background Check is also crucial to get complete history and updates. It is essential to know that all of these negative actions can result in fines, costly litigation. It can also damage the brand reputation of a company.