If you believe that the costs associated with conducting a comprehensive background investigation on potential employees is expensive, have you considered the costs associated with hiring the wrong employee?  In the spirit of protecting your company’s profitability, it is important to recall the adage of being “penny wise and a pound foolish.”

There are several costs that a company must endure when hiring an employee, regardless if they work out or not.  Costs associated with the training period to include ramping up productivity as they become proficient in your systems, to the allocation of human resources to effectively train the new employee all are expected with a new hire.  These are all expected costs to the business. But what about those costs when the employee doesn’t work out?  In some cases, the candidate that shows up to the interview and the employee who shows up on the first day aren’t the same person.  Not literally, of course, but figuratively.  Let’s face it, some candidates have the tendency to exaggerate their qualifications, and say all the right things during the interview process.  Well, those candidates can cost your company thousands of dollars.