How Much Does a Background Check Cost
Most people shudder at the thought of a background check since it entails words like criminal history, sex offender, bad credits scores and so. However, a background check is more than that. Most employers do background checks as a process by which they find the best candidate to hire by scanning through criminal records, education and employment history, civil and address records, character references and more.
So, a background check helps employers keep the company environment safe through history checking. It warrants that job candidates claim what they ought to be through this verification process. It helps you protect your company, your employees, and your clients.
Do not pass off a background check or do a poor research on your employees. That will be considered as negligence in hiring. Any crimes can happen in the workplace – assault, murder, rape, and theft. Businesses have a moral and legal responsibility to protect their employees and clients from harm. You as an employer can be sued a slapping millions of dollars for the injury being done by an erring employee.
Other than lawsuits, failure to do a background check can cost the company some internal problems. Employee theft has risen throughout the years and has taken almost $1,000 worth of company merchandise. Financial blows can come through more in indirect routes as well. A lot of applicants lie on their resume to cover false claims or criminal acts. References accounted for contained inaccurate information. Fraud can cause around 5% downturn of the company’s income. Or worse – more.
Financial turnaround happens when new employees cannot perform the services they claimed in their resume. Employee productivity rates will decrease, thus, operational costs will blow to an all-time high. Sadly, we can’t trust human nature, especially when human nature is to err. Background checks are vital to safeguard the many areas of your business. There are many industries, and each one of them has a different way of doing a background check. Those in healthcare and financial services include psychometrics.
Many feel that background checks are an invasion of privacy. But, it is still vital to perform such research on a prospect since many still lie about their experience and credentials. Business owners have the right and the responsibility to verify their applicants or suffer legal procedures on not securing a safe workplace for employees and stakeholders.
If you wonder how much does a background check cost, let’s just say that bad hiring is a lot more expensive. The cost of a background check varies depending on how much is being investigated. Scanning can be over a million records to reveal felonies, misdemeanors, probations, and other criminal offenses, be it either national, regional, and state county, instantly or a couple days to ensure the information is true.
A background check fee usually is around $15-$20 if done within the county as court criminal, and includes misdemeanors, felonies, offense date, case number, and arrest information. If it is statewide, the cost runs $10-$20 with reports on address history, age, misdemeanors, felonies, offense date, case number, arrest history, and offense description. A nationwide background check costs $25-$45. A background check on sex offenders cost only $0-$10, as information is widely available.
The cost of a background check, however, may include those access fees being charged by some local courts and data providers.
Common requested background check services include identity checks for Identity Verification, Social Security Number Trace, and Address History costing about $2 to $4; credit, motor, and rental checks do not reach more than $10, education and employment is up to $15, criminal background checks can reach up to $20 and drug checks are at $25 to $50.
If you are uncomfortable of the background check fees especially if you are running a small business, there are DIY background check websites available that submit instant results and allow you to conduct searches on your own. Employers might be tempted to check out a candidate’s social media accounts to learn more about the prospect’s character, they could be opening themselves up to more lawsuits by doing these activities.
However, it is advised to avail full-service background check of background check companies that do all of the analysis for you. These companies charge around $50 and $100 for a report and take two to five days to complete the investigation.
The advantage of availing these companies’ services is that they comply with the Fair Credit Reporting Act laws. Doing research by yourself is not enough to cover all the information you need. Their services don’t rely simply on information found online. They visit courthouses and contact employers and educational organizations. They are costly and quite time-consuming, but better be safe than sorry.
Hiring an expert to do a full-service background check on people gives more credibility and thorough searches as they don’t do only electronic searches, but they also go directly to the source.
For small businesses, it’s a big problem to choose which background checks are perfect for the employee. Some are asking, “Are background checks absolutely necessary?” Because it depends on the scale of the industry the business is on.
Since these services cost money, background checks can be a pain in your budget. Costs may vary and could run anywhere from $0 to $70. It’s really up to the business owner to figure out which background checks work best for them.
Be careful if you’re going DIY on background checks. It is better to seek references from reliable sources such as past coworkers, friends, and institutions. Google is just Google. You’ll just end up being on the weird side of the Internet.
As stated, how much does a background check cost can do as bad hiring is a lot more expensive. The conclusion is that a background check helps an organization be more successful lest the company will lose productivity, get loads of legal expenses, and diminished brand image, and high cost of workplace assault and violence that could measure in billions in a court case.