The overall success of any organization is dictated by its employees. Certainly superior products and/or services are a requisite ingredient, but an organization's human capital
The value of running thorough, comprehensive background checks greatly outweighs the perceived deterrents of cost, time and effort required to conduct the exercise. Simply considering the cost of replacing an employee, it behooves an employer to ensure it has identified and retained the best candidate for any position within the organization.
A few facts demonstrating the importance of good screening tools when making a hiring decision:
News articles report one-third of all application forms contain outright lies.
Studies show 3 out of 10 business failures are caused by employee theft.
Replacing supervisory, technical and management personnel can cost from 50 to several hundred percent of the person's salary. (Society for Human Resource Management, 2008)
Research concludes that average awards in workplace violence lawsuits exceed $1 million.
The average settlement of a negligent hiring lawsuit is nearly $1 million. (Human Resources Management, 2008)
Federal Tim Thomas jersey and State Laws Surrounding Background Checks
Federal and state laws require background checks for certain positions. The importance of understanding any and all background check requirements for your particular industry cannot be stressed enough. For example, most states require criminal background checks for any position that works with children, the elderly, or the disabled.
In the federal arena, employee background checks are governed by The Fair Credit Reporting Act (FCRA), which sets the standards for employment screening. The FCRA uses the name "consumer report" to define a background check as well as a credit report and imposes strict, definitive guidelines concerning reported information. For example, employers are required to obtain consumer consent to conduct a background check and are thereby required to provide notification if negative information is reported Tim Thomas jersey on the background check.
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