Monday 31 August 2015

Why Risk Management Services are essential for growing businesses?

As you start with a new business and begin your journey of market leadership, you will face new challenges and risks every day. As a smart business owner, you need to find ways to managing these risks successfully in the way of your business continuity planning.

Hiring the right talent and ensuring that they do not have any criminal or drug history is one of the major challenges that businesses come across. Here is where background record search companies come into play. Background investigations include everything from verifying an applicant’s qualifications and work experience to criminal records if any. In this highly competitive environment, research suggests that almost 40% of candidates try to gain advantage by using some form of exaggeration in their resumes.

As a smart employer you need to stay informed and it would be foolish to simply rely on the applicant’s resume blindly.
Here are some of the benefits of background investigations:

Fewer bad hires: With thorough background investigation, you can be assured of great quality of hires. This means lesser headache and no wastage of time, money on re-hiring and re-training of candidates. So, you also minimise costs related to HR, recruitment and training.

Regulatory Compliance: As an employer there are many layers of regulation during the process of hiring. When it comes to eligibility of candidates, there are state & federal guidelines that business owners need to follow. In case of health and finance industries, there are industry specific regulations and licensing & certification related concerns as well. It is important to remember that failing to comply with such regulations can result in huge fines or your business may be placed under a continuous audit by the regulator.

Safer workplace environment:
Workplace crimes are not uncommon. Apart from new hires, existing employees too feel safe in companies that have a proper criminal background checks for employment in place.

Drug testing, criminal history checks, credit checks as well as sex offender searches help employers identify any kind of red flags in a candidate’s history.  Such background investigations minimise the chances of any kind of job frauds, violence, negligence, abuse or drug use. Regulations often vary from state to state and this is something that businesses must keep in mind.

Improved productivity: Select a more honest and efficient team with detailed pre-employment background check. This includes investigation of a candidate’s educational and professional qualifications as well as previous employment details.

Risq group offers reliable background Investigations and criminal background checks for employment. Know who you are hiring with reliable background record search. For more details, please visit www.risqgroup.com

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