Is it Time to Re-evaluate your Background Screening Program?

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As the economy settles into a new normal and growth resumes, there will be a demand for talent across business functions and industry verticals. As companies realign their organizations to new workplace models, human resources (HR) departments will play a critical role in defining the new normal. The pressure on HR teams has never been more significant - to attract top talent and limit attrition while also ensuring that staffing plans align with the organization’s objectives and culture. For the talent-hiring team, this means ensuring candidates are who they say they are, and have the relevant credentials. Hiring the wrong individuals can lead to increased employee turnover and significant financial implications.

It is estimated that a bad hire can cost an organization five times an employees' annual salary when expenses like advertising, hiring process, loss of productivity and training costs are factored in.

To ensure efficiency and accuracy in hiring, it may be time for HR teams to reevaluate their background screening program to ensure that their process, policy and partners meet the requirements of the new workplace.

In this report, we discuss:

- Navigating the evolving hiring landscape

- Evolving background screening to meet the needs of the new workforce

- Rethinking hiring priorities, processes and technology

- Veremark: Flexible Background Checks for Evolving Hiring Needs and Seamless Experiences

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FAQs

What background check do I need?

This depends on the industry and type of role you are recruiting for. To determine whether you need reference checks, identity checks, bankruptcy checks, civil background checks, credit checks for employment or any of the other background checks we offer, chat to our team of dedicated account managers.

Why should employers check the background of potential employees?

Many industries have compliance-related employment check requirements. And even if your industry doesn’t, remember that your staff have access to assets and data that must be protected. When you employ a new staff member you need to be certain that they have the best interests of your business at heart. Carrying out comprehensive background checking helps mitigate risk and ensures a safer hiring decision.

How long do background checks take?

Again, this depends on the type of checks you need. Simple identity checks can be carried out in as little as a few hours but a worldwide criminal background check for instance might take several weeks. A simple pre-employment check package takes around a week. Our account managers are specialists and can provide detailed information into which checks you need and how long they will take.

Can you do a background check online?

All Veremark checks are carried out online and digitally. This eliminates the need to collect, store and manage paper documents and information making the process faster, more efficient and ensures complete safety of candidate data and documents.

What are the benefits of a background check?

In a competitive marketplace, making the right hiring decisions is key to the success of your company. Employment background checks enables you to understand more about your candidates before making crucial decisions which can have either beneficial or catastrophic effects on your business.

What does a background check show?

Background checks not only provide useful insights into a candidate’s work history, skills and education, but they can also offer richer detail into someone’s personality and character traits. This gives you a huge advantage when considering who to hire. Background checking also ensures that candidates are legally allowed to carry out certain roles, failed criminal and credit checks could prevent them from working with vulnerable people or in a financial function.