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Background Screening More Important Than Ever During Tough Economy

by Tom Ahearn 3/30/2009 4:02:00 PM

Is your company thinking of foregoing background screening to save money during this tough economy?

Think again.

While disposing of unnecessary or less profitable services is a “no-brainer” in today’s harsh economic climate, a recent study suggests that background screening should not only be spared, but even saves companies money by preventing theft by workers that is increasing as the economy stumbles.

Some employees – like employers – are cutting spending and maximizing resources... even if those resources actually belong to the company for which they work.

A study published in December 2008 by the Institute for Corporate Productivity found that nearly one-third (31%) of “large” companies – those with 10,000 or more employees – noticed an increase in the theft of company-owned items such as office supplies, electronic equipment, and products they produce.

The study also found that during the current economic crisis:

  • 27% of respondents in large companies said crime in general has risen in the workplace;
  • “Time theft” – employees using company property, such as computers, for personal use – was cited as a problem by 24% of all companies;
  • External “outside-the-workplace” criminal activity increased in 32% of large organizations, revealing that there is a growing number of employees who are more prone to be troublesome than beneficial;
  • Rather than cutting costs in background screening services, 19% of companies overall are paying more attention to background screening during the hiring of new workers.

Have assessed the greater risk of theft during this troubled economy, prudent companies have made moves to protect themselves by improving their background screening. As a founding member of the National Association of Professional Background Screeners (NAPBS), Pre-employ.com is an industry leading background screening company with an impeccable record of speed, accuracy, and regulatory compliance.

To find out how you can get more for less with background screening while streamlining processes, reducing costs, and maintaining "best in class" service levels, please visit www.pre-employ.com/Suite-of-Services, email info@pre-employ.com, or call 1-800-300-1821.

Contact Us @ Pre-Employ.com

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