Golden bits of information from Aurico's experts. NUGGETS
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Analyzing ROI on Your Background Screening Program
 

Some organizations conduct pre-employment background checks as a contractual or regulatory obligation. Other corporations judge pre-employment screening as a collateral expense. Executive leadership may acknowledge their legal responsibility to mitigate risk, but they're quick to point out it represents a significant investment in time and money. Any company can quickly start to question if background screening is really worth it. How much actual dollar value does a background screening program deliver?

  • The typical organization loses 5% of revenue each year to fraud. It takes time and effort to recover the money stolen by perpetrators, and many organizations are never able to fully do so. 58% of victim organizations never recover any of their losses due to fraud, and only 14% make a full recovery.

  • The cost of replacing an experienced worker who doesn't work out can cost 50% or more of that individual's salary, and these costs go up if the employee has specialized skills such as nursing.

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From The Blooper Book
 
Let's take a break from the action and look at some job applications where, through good intentions or bad grammar, some candidates just missed the mark:
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Industry News
 
Get the latest updates on a New Jersey's Ban the Box Law, Illinois Workers' Compensation Laws, Social Media Policies, a National Survey on Resume Accuracy, and Workplace Drug Testing in Australia.
 
Aurico and its employees are not attorneys and cannot provide legal advice.
Information contained in this newsletter should be reviewed in consultation
with your counsel.
 
Dedicated Team
Baker's Dozen
phone:847.255.1852 | 116 W. Eastman St. | Arlington Heights, IL 60004 | aurico.com