Transform Your Organization by Unlocking the Power of Screening
by Nancy Lynn Roberts, Esq., Owner and COO of TRAK-1
Running a successful business comes with many rewards and even more risks. Greater profits result from increased sales and managed costs. What are the odds that you or your clients may be losing control of costs, and losing on sales because of putting the wrong people in the wrong places at your company?
Antiquated systems are not solely to blame for operational inefficiency and lost sales. Yet, wrong hires ultimately have the greatest impact on lost businesses. The U.S. Commerce of Labor reports 30% alone of all business failures result from theft or embezzlement. This means putting the right people in the right places can literally make or break an organization!
Why not just look at someone’s resume and interview them to determine if they are the right fit for your organization? According to the Society of Human Resource Management (SHRM), 53 percent of all job applications and resumes contain misrepresentations, fraud or false information. That same false information is also conveyed during the interview process.
How can you help your clients uncover the truth in their selection process?
The U.S. Small Business Administration says that for every $1 an employer invests in their background screening program, the ROI ranges from $5 to $16, resulting from improved productivity, reduced absenteeism, lower turnover, and decreased employer liability. According to HCI.org, the net annual ROI for background screening is over 900%. This means that a comprehensive background check is the single most important thing a company can do to lower turnover, improve performance, increase profitability and eliminate exposures to risk.
As the trusted insurance agent for your clients, you have an obligation to tell your clients that knowing the truth about the people they hire will reduce their risk and improve their performance. The more a person is going to have access to facilities, inventory, clients, systems, finances or information, the greater the return on your screening investment. In today’s litigious environment, failing to conduct a comprehensive and compliant background check is simply not a reasonable business option.
Complete criminal background checks should incorporate much more than just calling your local sheriff’s department. You need to know that you are getting final dispositions on criminal matters arising in county, state and even federal courts. Knowing whether an individual is on a terrorist watch list or known international criminal list is equally important. Identifying whether a person is writing hot checks on a regular basis may impact your decision to put them in charge of your company budgets. A quality background screening check will give you the information and history you need to know before you ever let them in the doors of your organization.
Insure your future by putting the right people in the right places using a comprehensive background check. Re-screening on an ongoing basis the employees and contractors you do choose can help you identify and eliminate risks and threats that may arise as time goes forward. Knowing your workforce is dependable and free of unsafe or unlawful behaviors keeps you and your people safe and confident year after year. The known return on these simple annual investments will be 900%.
Unlock the power of accredited, accurate and affordable background screening for your company with intelligent information for better decisions by you. You have much to gain, and much to lose, but you get to make the choice! Tedford Insurance chooses TRAK-1 and we hope you will to by calling their FCRA certified screening professionals at 1-800-600-8999, or visiting www.trak-1.com/tedfordinsurance