- Businesses may face greater risks of theft and fraud during challenging economic times
- Effectively screening employees reduces the risk of such losses as well as the costs of replacing a terminated employee
- Background checks can also help you match employees to the positions that are most suitable for them
Summary by Dirk Langeveld
Effectively conducting background checks for new hires will be a key part of ensuring a company’s resiliency after the COVID-19 pandemic, according to a recent article in Entrepreneur.
Lucas Miller, founder of the public relations company Echelon Copy LLC, says more challenging economic conditions can heighten the theft and fraud risks a company faces. Effectively screening employees not only reduces risks such as the loss of inventory or equipment to theft, but also saves the money involved in replacing a worker fired for such misconduct.
Several digital services are available to conduct background checks. This screening should not only consider criminal history, but also factors such as credit score, litigation, and past employment record. In addition to identifying risks, this process can help ensure that you match your hire to the most suitable role.
Read the full article here.
