We dont like to think about people doing harm to ourselves or others. The reality, however, is that we live in a country with one of the highest rates of financial crimes, including embezzlement, fraud, theft, etc. And, thats just the beginning.
Lets look at just a few statistics on what the FBI reports is the fastest growing crime in the US – employee theft:
US Chamber of Commerce reports that $50 billion dollars are lost annually due to employee theft and fraud and that 20% of all businesses fail due to the same reason.
According to an Ernst & Young Report, “White Collar Crime: Loss Prevention through Internal Control” companies lose 1% to 2% of its sales to crime — most committed by, or in collusion with, employees.
Employee theft, negligent hiring, sexual harassment, and workers compensation fraud are just a few of the liabilities an employer has to face in todays hiring environment.
For example, an Arizona Fitness Club hired an unscreened applicant which resulted in the rape and murder of a female patron while she lounged in the sauna.
Is it any wonder that employment screening has become mandatory?...
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