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Overview

SERVICES OVERVIEW

What You Don’t Know Can Hurt You – and Them

A hiring mistake can cost 4 times the annual salary of a supervisor and up to 15 times a C-level executive’s salary, according hiring guru Bradford Smart. Not surprisingly, most organizations conduct pre-hire background checks on their job candidates in an attempt to mitigate hiring risk.

However, according to a 2015 survey, more than 10% of all employees may be arrested for new crimes during their average tenure with an organization (43 months, according to the Bureau of Labor Statistics). Any organization that doesn’t continue to check background information post-hire may become vulnerable to undisclosed risks within its workforce.

You can’t afford to be the last to know.

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Over 50% of resumes and job applications contain false information

On average, 10% of pre-employment background checks report criminal convictions

Only 36% of companies that expect to grow their workforce plan to conduct post-hire monitoring

Fewer than 50% of the companies that use contingent labor conduct background checks on those workers

A New Era in Human Resources

Gone are the days when the human resources department’s primary focus was record-keeping, payroll and employee benefits administration. Many organizations are outsourcing these tasks, so that HR can play a more strategic role attracting, supporting and retaining the best talent. With influence comes increased responsibility.

The pressure is on to act quickly to attract and screen the best candidates in a highly competitive field. At the same time, a growing percentage of temporary and contract workers, vendors, consultants, interns, even volunteers are joining the ranks as a strategic part of your company’s growth. In a fast-paced, diverse and highly mobile employment market, there has never been a more important time to conduct pre-hire background checks of all workers – even non-employees, who typically fly under the radar in most companies.

Even the most thorough initial assessment cannot predict future events. The fallout from a bad hire – lost productivity, injury, damaged morale, litigation, public scandal – can destroy the productive, positive culture you’ve worked so hard to cultivate.

The average time it takes an employer to catch a fraud scheme is 18 months.

Not monitoring employees after they are hired can leave organizations – especially in industries such as retail, in which theft is rampant, and in highly regulated industries such as financial services and healthcare – vulnerable to significant financial losses.

Pre-Hire Assessment and Screening / Quick, Comprehensive, Cost-Effective

Verifinity’s pre-hire screening makes a broader sweep than other services, scanning more records in more jurisdictions to deliver the most comprehensive information. Our innovative processes deliver cost-effective solutions at industry-leading turnaround times, without sacrificing quality.

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Post-Hire Continuous Monitoring / Timely Alerts and Expert Guidance for a Proactive Advantage

Self-reporting is not enough. Thankfully, Verifinity’s ongoing post-hire monitoring picks up where pre-hire screening leaves off. We’ll continue to monitor your workforce based on the criteria you select, and promptly notify you of new employee records – including criminal records and financial or medical sanctions – that may put your organization at risk. Whether you’re in healthcare, financial services, or just want to create a safer workplace, Verifinity’s proprietary processes and expert guidance will help you confidently identify and respond to potential threats to your workplace as they occur.

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Finally, a Complete Solution to Secure Your Workplace

A technology leader in background checking, Verifinity is at the leading edge of the shift to a more strategic approach to safeguarding your workplace from theft, violence and liability. Our suite of web-based pre-hire screening and post-hire continuous monitoring services provide a powerful one-two punch, allowing you to quickly bring the best people on board and shine a light on potential threats before they impact your workplace.

This proprietary solution pairs cutting-edge technology with FCRA-compliant best practices and is backed by expert guidance. Everything istailored to the unique needs of your company. Welcome to the new gold standard for companies that see a safe, efficient and compliant workplace as a competitive advantage.