Protecting Your Colorado Business Against Hiring Risks With Employee Background Screening

Background screening has become more widely employed among businesses in Colorado than ever, and its adoption continues to rise rapidly. Conducting background screening or employment verification has many advantages including providing a complete picture of the employee that outweigh its cost.

Though Colorado businesses understand their significance, some small firms fail to use background screening during their hiring process due to confusion regarding required background check process or concerns over hiring delays, costs or compliance rules or due to past negative experiences.

Even when small businesses in Colorado recognize the benefits of background screening, concerns such as these often prevent them from using background screening services to their fullest extent. Background screening services provide quick, safe and dependable screening solutions which protect small businesses by helping them make better hiring decisions and safeguard their future growth.

Various types of background checks and screening options help your business and reputation by providing accurate, relevant information that helps build trust between employees and customers. Doing this allows for faster business operations as only top talent are hired into positions at your organization.

Continue reading to gain more insights into how background screening can protect and mitigate risks to your organization.

Background Screening Is A Great Way To Protect Your Colorado Business From Hiring Risks

Hire Only Those With Complete Information

Hiring candidates in Colorado can be costly, and finding someone suitable may take longer than anticipated. According to current estimates, the average cost of hiring new employees is $4700 - with costs increasing as time progresses without anyone filling the position. Training costs also quickly escalate should their employment history be short-lived or unproductive.

Once a potential employee in Colorado begins to work for your organization, disqualifying facts may only become evident after starting with them - which could prove costly if this person holds a trusted role within your company. This factor affects employee retention rate.

Background screening can help provide various resources for employers to avoid many unnecessary expenses by providing you with relevant information regarding an applicant's history and qualifications before employing them. While employers might fear background checks will delay hiring processes, platforms like EBS Colorado's advanced background check can deliver results within hours (within one business day). Pre-employment screening helps save both time and money because it ensures only qualified individuals are hired.

Screen Your Applicant in Colorado Now to Get a Complete Report

Compliance With Industry Regulations That Require Background Screening

Complex background check compliance regulations of Colorado present a formidable challenge to any business of any size; you are ultimately accountable for adhering to all federal or applicable state laws and regulations or industry standards applicable to your field, regardless of a compliance team existing within it.

Potential employers in some industries in Colorado conduct background checks on employees to ensure the safety of those they hire, such as healthcare employers conducting checks to confirm eligibility for government-funded programs such as Medicaid. County Employers within healthcare may conduct similar background checks.

Financial services industries, government and senior care industries in Colorado require background screening of employees for fair hiring guidance practices because these job duties involve managing assets or caring for vulnerable populations.

Liability In The Event Of An Accident Or Incident At Work

Small business owners in Colorado understandably are keen on managing risk. Background screening helps lower the risks of workplace incidents by screening applicants to make informed hiring decisions. Small businesses use background check reports to safeguard clients, patients and focus on customer success by hiring suitable individuals for positions available within their businesses.

Pre-employment background checks may reduce the risk of negligence lawsuits in certain instances. When sued for negligent hiring, previous employers are held liable for damages caused to third parties by employees they knew about (or should have known), even if an investigation would have revealed this potential risk. Some states have passed fair hiring laws intended to decrease this likelihood; criminal background checks, in particular, have proven instrumental in doing this in many circumstances.

Background screening's reduced risks can pay dividends in other ways as well. You could save money with regular motor vehicle records (MVR) checks since accidents will likely decrease, and insurance costs should drop as a result of reduced risks associated with them.

Protect Your Company And Brand Reputation

Building trust among your team becomes essential for its growth and expansion as your business expands. Colorado’s background screening services with continuous monitoring help accelerate this process quickly by rapidly verifying a person's credentials and background history so you can assess whether job candidates can complete tasks as required.

Doing background checks impartially and consistently will give you peace of mind that hiring people will represent themselves truthfully and perform their roles properly while managing your brand, assets, and customers with integrity. Qualified candidates for their jobs are less likely to cause incidents that threaten both brands and businesses.

Win More Business By Keeping Customers Returning

Customer delight is vital; those whose organizations they entrust outperform their competitors by as much as 400%. Establishing this foundation early should allow your customer relationship to blossom over time.

Digitized records of background screening gives clients confidence that you are a safe and trustworthy organization before purchasing from you. Businesses that handle finances for clients, transport fragile equipment across state lines or perform repairs in clients' homes need high levels of trust from clients to function successfully - background screening provides this reassurance while building it along the way.

Clients requesting products or services aimed at businesses often insist upon conducting background screening before signing contracts; you can speed up this process if you already have.

Check Pricing For an Applicant Screening Report in Colorado

Choose The Right Background Check To Protect Your Small Business

As a small-business owner in Colorado weighing the advantages and disadvantages of background screening, making a decision should not be difficult. You want qualified applicants quickly while not wasting both time and money in doing so - EBS Colorado offers assistance if that's your company's situation.

We are a leading consumer reporting agency in Colorado that offers a broad range of cost-effective and customizable packages with advanced technology and tailored specifically for small businesses, offering background report at pay-as-you-go pricing, and one day average turnaround time (3-5 business days for bulk reports) with built-in compliance workflows for hiring confidently. Commitment-free pricing makes hiring easier for your Colorado business. All you need is to provide your employee's Social Security Number.