Most employers and HR professionals know that Employment screening is now well accepted around the world as an essential risk management tool and a critical component of the recruitment process.
When done effectively, employment screening can ensure that the best candidate is selected and minimise the potential risks to organisations when hiring new recruits.
Here we have put together 10 reasons why your company can benefit from putting in place an effective employment screening program;
• Increases performance and productivity; by ensuring that the appropriate candidate is selected with the required skills, credentials and experience to perform the job.
• Deters dishonest individuals from applying for positions and encouragers honesty and open discussion throughout the hiring process.
• Reduces the risk of damage to your organisations reputation and culture by ensuring no dishonest or fraudulent individuals are hired.
• Reduction in staff turnover, and the costs associated with having to re –hire
• Helps to avoid negligent hiring law suits and demonstrates that you, as the employer have exercised due diligence in the hiring process
• Protects against miss use of confidential information, embezzlement and intellectual property.
• Reduces the likelihood of theft of goods and equipment. Combats financial fraud and white collar crimes
• Ensures compliance to specific industry requirements, such as AML, ASIC, APRA.
• Reduces workplace violence and promotes a safe working environment
• Reduce costs and improves profitability; by proactively managing risks and avoiding costly bad hires/ lawsuits, thus improving the flow of dollars to the bottom line
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