White paper: How to Calculate Your ROI on Background Screening – The True Cost and Financial Rewards
Most successful businesses track the financial impact of their expenses and investments to ensure that money spent produces an appropriate rate of return. Staffing is often the largest expense on the balance sheet and is the most valuable asset for many organisations, yet the actual value on recruiting the right people can be difficult to quantify.
An increasing number of employers are turning to background screening specialists as part of their recruitment process to ensure they select the right assets to add to their teams. Effective background screening programs can help to improve employee retention, reduce CV qualifications and background fraud and minimize occupational fraud and theft. Historically, these benefits have been difficult to quantify, but this may no longer be the case.
The latest white paper from SterlingBackcheck, ’How to Calculate Your ROI on Background Screening – The True Cost and Financial Rewards’ identifies a measurable process for calculating the real value of background screening. Not only can the HR function apply a recruitment process which protects the company, staff and customers, it can now justify the time and expense in doing so.
Download the paper now to discover the key metrics which HR teams should consider when determining the value of background screening. You will also be presented with a simple formula for calculating a return on investment, including:
- The rate and costs of employee turnover
- The financial impact of employee fraud and theft
You can access a copy of the ‘How to Calculate Your ROI on Background Screening – The True Cost and Financial Rewards’ white paper in full here.
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