Attrition. It’s a word that people don’t like especially if they own a business of their own. Hence, management gurus mention the importance of retaining talent before they seek out ‘greener pastures’.
There’s another issue that is related to attrition, and that is the hiring of new talent in replacement of the other, and this is where it is important to make use of employment screening resources that are available these days to do a background check on an employee before he or she is hired.
Experts say that the costs of hiring an employee can be as much as $ 10000, and this is why it is so important that every hiring decision made should be backed by as much evidence there is to validate that employee’s qualification for the position.
In other words, it’s important that employers should gather as many facts as possible by using employee background checks so that the right decision is made – every time.
Not only will that $ 10000 investment come to fruition but there won’t be any instance of abuse or misuse of company property that almost 75 percent of employees admit to at some point of time or the other.
Most of these folks indulge in CV embellishment (i.e. lies) that will gain them a position that they don’t necessarily deserve, putting the company information and property at risk. In using background check services, you can be sure that every employee you hire can be trusted with the confidential information of your business but you can also have peace of mind in not having to go through the grind of looking to find new employees over and over again.
And the same applies to landlords who use tenant background checks to determine which candidate is best to rent out their property.