As the United States economy continues to recover from the Great Recession, hiring is expected to rise. According to the 2015 Employment Screening Benchmark Report published by HireRight, a Corporate Risk Holdings company, 76% of respondents intend to grow their operations this year. Similarly, a slight majority of respondents (51%) say that finding and retaining talent is their top challenge — one that is shared by businesses of all sizes.
Making the wrong hiring decisions can wreak financial havoc on an organization. According to the Society for Human Resources Management, a mis-hire can cost an organization up to five times the individual hire’s salary. It’s not simply that the bad hire’s salary is wasted. According to the Harvard Business Review, 80% of employee turnover can be attributed to bad hiring decisions.
To learn more about how success begins with finding, screening and hiring the right candidates, please download the 2015 Employment Screening Benchmark Report.
HireRight delivers global background checks, drug testing and employment verification services through an innovative platform to help companies hire the right candidates, so they can grow successfully and efficiently – no matter their size or where they operate. HireRight offers a comprehensive screening solution that can be tailored to the unique needs of the organization, giving enterprises peace of mind about their people and processes. HireRight’s platform can be integrated with existing HR platforms, making it easy to use and giving candidates the best possible experience. HireRight has headquarters in Irvine, California, with offices across the globe.