Hiring the right employee could prove to be a very big positive step for your company. It’s one of the main reasons why major companies have such a strict screening process before hiring any new employees. The hiring process is by no means cheap; companies have to incur a significant amount of expenditures starting from the time that a current employee decides to leave until a new one is brought in. The current employees are required to cover the amount of work that would be done by the employee who resigned or was sacked and this means that the company has to pay overtime. On top of that, the screening process costs money. Companies have to publish ads, talk to recruitment agencies, and then hold interviews in order to find the right candidate for the job. If you are a manager in a company and have been put in charge of hiring a new employee, one of the most important things that you should focus upon is the background checks.
Carrying out background checks on all shortlisted employees is very important before you even call them up for a subsequent interview. Knowing the background of a prospective employee could make a world of difference and is a precautionary measure that all major companies should take. Some consider it to be a useless expenditure; however, it should be a staple in the hiring process. Here are a few reasons why it’s so important to carry out a background check.
Information Can Be Easily Fabricated
Rather than carry out the investigative work all by yourself, it’s better if the background checks are carried out by a specialist investigation company. You can find out a list of background check companies in Singapore that offer their services to private and public businesses and hire one to help you carry out the background checks. You should know that manipulating the information on a CV is not difficult at all; there have been numerous fraud cases in several different industries where employees were hired based on false information. If you don’t want to receive a hefty fine from the regulatory authorities for hiring employees who fabricated information, it’s always better to do your research. Sacking an employee later on could increase your labour turnover and that’s not a good sign for any business.
Take All Precautionary Measures
It’s always better to take as many precautionary measures as you can before hiring a new employee. The background check companies generally charge a small fee for their services, which will pale into comparison given the amount of fines that you would have to pay in case there’s a hefty fine levied against your company for hiring a fraudulent employee. Why run the risk of seriously harming your company’s reputation and affecting your profitability when it’s so much easier for you to conduct a basic background check on a prospective employee? These are some of the reasons why conducting background checks is so important.