Businesses now frequently perform background checks. Pre-employment background checks and business background checks both reveal a company's legitimacy and legal status. It reveals the veracity of the company's statements on the services it offers and its profile. 

There were 20,870 assaults that led to illnesses or injuries in 2019, up from the 18,400 reported the year before.

A reliable corporate background check service is necessary because of the growing necessity to confirm that you are entering into a contract agreement with the right businesses in today's gig economy and remote work culture. This post will teach you more about the value of background check services.

Background Check Trends Right Now

1. One in three persons in the United States, or almost 70 million people, have a criminal record.

2. In 46% of the reference and credential checks, there was a discrepancy between the information provided by candidates and what the screening revealed.

3. More than a third of driving record checks revealed one or more infractions or convictions.

4. About 6% of criminal history background checks conducted in the previous seven years indicated a criminal record (out of the 1.7 million checks performed).

Background Check Statistics in General

Background checks conducted before hiring

usually go back 7 years in terms of criminal and judicial records, while some compliance standards can enable going much beyond.

Checking of credit histories

Depending on the candidate's expected income and particular state restrictions, employment credit checks are conducted going back 7 or 10 years.

Minor offenses and felonies in law

Depending on the state, misdemeanors may only be recorded for a period of 5, 7, or 10 years.

Educational background

It could be checked at any moment over their lifespan.

Verification of professional licenses

It could be checked at any moment over their lifespan.

How to Check Business Backgrounds Effectively

A reliable source is the Ministry of Corporate Affairs (MCA) in the United States, which is one of several countries' corporate registrars. A thorough list of corporations and registered firms can be provided by registrars. But that's basically all the information they can divulge.

They frequently lack records of crucial information, such as fraudulent practices, employment policies, the company's credit history, whether it has ever declared bankruptcy, company directors and decision-makers, the company's current financial situation, the value of stakeholders investments , and other pertinent data that can assist you in making decisions about conducting business or applying for a job with the company.

What Are the Benefits of Background Checking a Company?

There are several benefits to conducting a thorough corporate background check, aside from the piece of mind that comes with confirming a company's validity before investing your money or resources.

The Top 6 Reasons Why Employee Background Checks Are Important

Here are 6 explanations for why your company needs to run a background check on potential hires.

1. Safety:A background check is crucial if your business deals in delicate goods, such as a bank or jewelry store. Your accounts and finances could be at risk even if you don't keep expensive objects in your place of business. Employees have frequently teamed up with outsiders to rob their coworkers.

2. Taking precautions:A background check is crucial for sensitive organizations like schools for young children. To find out if an employee has ever violated sexually, you must perform background checks. You don't want the kids in your care to experience any harm. Additionally, you do not want to hire a violent individual to serve as your personal security guard or as your children's driver. 

3. Reasons of law:If employees act inappropriately at your company, you could be sued and suffer significant financial loss. Additionally, for some job descriptions, it is required by federal or state law to do a background check on applicants before hiring them. Failure to conduct these background checks may leave you open to legal action. Spending money on lawyers, fines, countersuits, and other legal costs could result in financial loss.

4. Capabilities:During an interview, many people make an effort to come across as highly capable individuals. However, not all of them actually live up to their claims of being diligent or creative. An estimated 40% of resumes have false information on them. A background check will give you access to information from previous employers, accolades, remarks, and other crucial details you require.

5. Mindfulness:You could still have some reservations about the person you hire. These uncertainties might keep you from placing the person you hire in circumstances where they can perform well. You can feel secure knowing that a background check was performed. There won't be any uncertainty, question, or worry over the new employee's dependability and reliability.

6. Employer expenses:You could have to fire a worker if you don't run a background check for a number of reasons. Then you'll spend money and effort posting job ads, holding interviews, running background checks on potential hires, training them, and integrating them into your company. You can avoid all of these expenses and time waste by conducting a background check.

The following six advantages will be apparent as soon as you deploy a fully comprehensive solution:

The first thing you'll notice is a significantly higher quality of hire in your staffing efforts when implementing a thorough background screening method. Almost all businesses struggle with talent acquisition, and a significant element of that challenge involves accurately qualifying individuals.

Background checks on job applicants significantly lower the likelihood of future workplace violence by weeding out candidates who might pose a threat to the workplace. A thorough examination will go into depth regarding previous events that may shed important light on behavioral tendencies that could be dangerous in the future.

3. Regulatory compliance improved

Your business can effectively develop a screening solution that complies with state and federal regulatory requirements, which vary from state to state and depending on the type of position you are staffing, as well as your industry standards, with the assistance of a third-party background screening provider with in-house compliance expertise.

Negligent hiring carries a significant risk since it frequently makes your business personally responsible for the activities of its employees. It is becoming more and more frequent to hear about businesses that hired new staff without doing background checks on them and were later held accountable.

5. Reduced Employee Turnover

Background checks for new hires will significantly lower your rate of turnover that is not desired. You will lessen your likelihood of making a poor hiring choice the more information you have on a new hire before an employment offer is ever made.

The negative impacts of drug and alcohol misuse, including absenteeism, tardiness, staff turnover, attitude issues, theft, low productivity, crime, violence, and other issues, can be lessened via substance abuse screening.

Conclusion

You cannot underscore enough how crucial a background check is. Prior to bringing on any new employees, you must perform one. SunBD’s Background check assistance is available from numerous online and offline organizations and businesses. Simply pick one that is trustworthy.

Faqs

Do I have the option to check my own background?

Absolutely! A self-background check from SunBD verifies your identification, unearths any criminal histories, and confirms your employment and educational backgrounds. You can be sure that the results of SunBD personal background checks come from the same data sources as those used by employers to conduct SunBD background checks.

How much does a background check for me personally cost?

The cost of your individual background check is determined by the kinds of checks and record searches you require. View the available prices and options.

How long will it take to complete my background check?

Turnaround times range from a few hours to a few days, depending on the personal background check package you bought. The results of a Starter or Basic package search of the national criminal databases can be obtained in less than 15 minutes.

What data will my private background check produce?

Personal background checks can provide details about a person's criminal history, sex offender register status, Domestic Watch List status, job history, and educational background.

We check different types of information depending on the bundle you choose. Criminal record searches may only return information from the last 10 or 7 years, depending on where you live.