We are seeing an increasing number of organizations small and large starting to conduct recurring verification of their employees and non-employees instead of the one-time verifications at the time of hiring or joining the organization.
According to a survey a few years ago conducted by background screening industry leaders, individuals who had a clean record when they were hired, 6% of those employees were found to have a criminal record when re-screened. If your organization does not pre-screen applicants or re-screen employees, that number can be as high as 12% - 15%. Meaning that loss of 5% gross profit doubles.
Individuals with questionable backgrounds tend to join organizations that do not conduct background screenings of their employees or contract/vendor staff. However, when these organizations do start conducting background screening, they find many discrepancies and/or suffer huge attrition, when they announce background screening.
It is important to know that a candidate who has been pre-screened and found to comply with current policies at hiring, doesn't imply that the employee or vendor will remain that way. That’s why we are seeing more and more companies opting for ReScreening their employees, vendors, contract staff and outsourced personnel on a regular basis.
In addition, an organization's reputation is at stake if they hire someone with a questionable background. A lack of verification, credentialing and background screening is something that will come back to haunt any organization and does quite frequently. We have seen an increase of our customers that run ReScreening and credentialing of employees, vendors and contractors a minimum of once a year and more for trusted positions in the organization.
In considering the services provided by potential suppliers and vendors, price is usually a determining factor. What about other factors that are crucial to protecting your business? Liabilities such as financial crimes against your organization of your client or vendors organization?
Tailored Rescreening and Credentialing programs for your employees, vendors and contractors on an annual basis provides peace of mind. Whether it’s a bookkeeper, a cleaning crew, a contractor working on your computer system, a visiting nurse, or a management consultant with access to proprietary and confidential information, you can take comfort in the fact that the people working in your facilities or providing services under your brand have been fully screened and are properly licensed or certified to perform at the required level.
About The Fraud Dr.
JP Sims Consulting, (The Fraud Dr.), provides a full range of screening solutions, information, investigative and occupational fraud services. On-demand Enterprise Credentialing and ReScreening solutions. The Fraud Dr.'s Screening Solutions support enterprises in Vendor, Contractor and Employee management processes. The Fraud Dr.'s Screening Solutions easily integrates with key customer operations for improved use of their critical Employee, Contractor and Vendor assets while providing transparency and visibility to important legal and compliance requirements. The Fraud Dr. is managed by a Certified Fraud Examiner with over 20 years of combined experience in the design and delivery of employment screening and vendor compliance programs. For more information, call 866-463-3301 or visit our website for more information http://www.jpsimsconsulting.com/