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Knowing a potential employee’s history is vital for employers of any size. Because even small employers need background checks, North Carolina small businesses that are looking to cut corners on overhead should not cut background screening on new hires. Here are some important reasons why.
What you don’t know can hurt you.
An employee who hasn’t been properly screened could be a liability without the employer ever knowing until it’s too late. What does “too late” look like? After the money is gone, the inventory is missing, or the proprietary information is breached are all good examples, and small employers can be damaged irreparably by these actions. Knowing an employee has a clean record can protect the business from this devastation.
The consequences are hard to sustain.
This is especially important when employees will be handling money or financial information. However, sensitive client information is also an asset that requires protection – and only an employee who has passed a background screening is qualified to handle it. The litigation that can result from breaches in client privacy, or the loss in revenue from employee theft, are more than most small employers can sustain.
Replacing an employee is expensive.
Even if a business can withstand litigation or revenue loss, it’s important to understand the high cost of filling the position of an employee who doesn’t work out. According to the U.S. Small Business Administration, replacing an employee can cost 50% or more of the individual’s salary. And that’s just the monetary cost. What about the high price of lost time? Training a new employee expends resources, whether it’s the employer doing the training or another employee. And as smart small business owners know, time is money.
No matter the size of the business, skipping out on background checks is a failure to perform due diligence. It’s a negligent hiring practice that doesn’t pay in the long or short term. To speak with an efficient provider of background checks, North Carolina employers can call DEPS Safety & Security Services. We would be happy to answer your questions.
About DEPS Safety & Security Services
DEPS Safety & Security Services performs professional investigation services for corporations and other employers. Our services include criminal record checks, loss prevention investigations, and background checks for companies across the USA. Contact us at (888) 806-0987.