Depending on the size of your company, recruiting costs can be a large expense. For companies with more than 10,000 employees, costs average around $1,950 per hire. For companies that are small to mid-size, those same recruiting costs will average between $3,500 and $4,000 per hire. With so much at stake, it makes sense to conduct a background check on all prospective employees.
As hiring begins to increase little by little, companies may turn to recruiters to make sure they are getting the best employee for their dollar. A background check provides valuable information for both the recruiter and the company about the type of employee they are looking at. Prior employment verification, education verification, and criminal searches are a small part of what searches can be conducted via an employment screening. A background check is a small cost of the recruiting budget, but when considering the costs mentioned above, it is a necessary tool to help avoid having to re-hire the same position due to a bad decision.
It’s important, as recruitment costs are high, that background checks are conducted so that a company can learn as much as it can about an applicant. PeopleG2 can help you make a decision on what types of employment screening solutions are right for your company. Contact our sales team to learn about all the background check options available for your company.