With the increase in resume frauds over the past years, background check has become a necessity for all organizations, regardless of their size and nature. Many candidates exaggerate their experience and educational qualification to appear good in the eyes of recruiters, thus it has become difficult to differentiate between a genuine candidate and the one lying about his or her past employment, unless you have a verification process in place. A reliable background check program helps identify candidates with forged information and fake experience or qualification.

Here are some other benefits of background check, which cause an inevitable need for the same.

Better hiring decisions

According to the Society for Human Resources Management (SHRM), a single wrong hiring can cost up to five times a bad hire’s annual salary.

Background checks help you know your candidate. They allow you to verify their past employment information, along with other necessary details, helping you to be sure that the candidate has  experience and qualification needed for a job. Simply put, it helps make the right hiring decisions and prevent financial loss due to mis-hire.  

Reduced negligent hiring risks

The risk involved in negligent hiring is big. It can often leave your company accountable for the actions of your employee. A large number of companies that overlooked the need for background screening have been held liable for anything bad that their employees had done. In such incidents, when a company has to pay for its employees' wrong deeds, an immeasurable damage is caused to its reputation.

A thorough background check includes criminal record check, which helps find out whether or not an individual has criminal record. This enables you to hire the right candidate and reduce the risks of negligent hiring.

Reduced employee turnover

Background screening of employees reduces the rate of employee turnover to a great extent. The more you know about your potential employee, the lesser will be the chances of wrong hiring. It means that you would not have to fire your current employee, later realizing that he faked his information, and hire a new one in turn. This reduces the rate of employee turnover, and prevents business productivity from being affected.

Time saving

The recruitment process is a lengthy one, which takes sufficient time as you sift through myriad resumes to shortlist the ones that match your criteria and then schedule interviews of selected candidates from which you finally appoint the best one as your candidate. But what if you later find out that you were deceived and the candidate does not have any experience or qualification mentioned in the resume? You will have to begin the hiring process from scratch. This time, the efforts and time you put in will be additional.

Background checks help prevents bad-hire, and save the time spent on hiring an employee over again.

Employment screening is an important part in the recruitment process, which helps prevent resume fraud and bring the right candidate on board. Thus, whether small or large, companies should opt for it when hiring employees.