Thursday 23 July 2015

Professional risk management services and background record search

Frauds at workplace have since long cost organizations billions every year. More and more businesses today thus are thinking of ways to prevent, minimize and eliminate such fraud. Studies suggest that of that over 75% of workplace frauds are committed by people inside or due to lapses in internal management. So, everything boils down to hiring the right candidates for your business.

Earlier businesses thought of risk management services as an unnecessary expense but today the view point has changed and employers visualize how wrong hiring decisions can lead business to a disaster.

Professional risk management services and background record search ensure you actually know your prospective hire inside out. Relying on a candidate’s resume blindly and treating a prospect by face value is no longer looked upon as a smart idea today with research suggesting that almost 40% of candidates lie or exaggerate facts in their resumes. More and more employers are hiring professional risk management services to mitigate all such risks associated with employment.

Background record search includes investigating the educational, professional qualifications, previous employment details and criminal or drug records if any.

Here are some of the key benefits of background investigations:

High quality Hires:

Background record search automatically improves the quality of your hires. Fraudster automatically deter from applying when they come to know that there is a proper risk management service in place. Thus, you only receive applications from genuine candidates and hence are successful in recruiting top quality candidates who can add value to your business.

Minimization of employee misconduct:

Another notable benefit of background screening is a decline in fraud and employee delinquency. Workplace misconducts include thefts of company assets, drug possession, frauds, confidential paper or information abuse. Fraudsters by means of such acts not only hamper an organization monetarily but adversely affect a business’s reputation amongst clients.

Mitigate risks associated with workplace crimes:

When a worker commits a criminal offence of any kind, harming a co-worker, and in case the victim claims that the worker responsible for the crime had such record which the employer should have investigated, the employer can land into big trouble.

In case the allegation is proven correct, the employer will be deemed liable for all of the negligent hiring damage. Such negligent hiring lawsuits not only cause business big losses in terms of finances but also result in damage in reputation.

Hiring the right candidate at the first place also saves all the headache and hassle associated with re-hiring and re-training. Your present employees too feel safe in an organization when they are aware of the fact that each and every candidate is recruited after thorough background record search.

Risq Group offers pre-employment background search, criminal background checks and other professional risk management services. For details, please visit http://risqgroup.com

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