How the Pricing Can Be Determined for Background Verification Process
The process of background verification depend on different factors. Hiring someone whose qualifications, background, or criminal past have been misrepresented may be terrible for your company.
At best, your new worker may lack the requisite abilities to complete the job, lowering productivity and forcing you to spend too much time and money on training. In the worst-case scenario, the new recruit might place your company in serious legal, financial, and reputational jeopardy — especially in highly regulated industries like health care and banking.
As a result,
- 96 % of businesses use some type of pre-employment background check to reduce these risks. Background checks are frequently affordable.
- To hire the skilled employees in terms of education verfication.
- To assure the criminal background of the employees.
- To keep the reputation of the company consistently well.
Many criminal background checks, for example, cost $50 or less since they just look at criminal records. These expenses can be cut even further if only one type of criminal record is targeted, such as state court convictions.
Basic criminal background checks can cost anywhere from $20 to $100 per employee, depending on the sorts of background checks you perform and other considerations. Your fees will rise further if you perform the exam in various states or choose for more extensive testing.
In most cases, identity verification services are also affordable because the information needed to verify identification is commonly available. You should expect to pay extra for a background check if more information is necessary. The least expensive background checks are those that look at only one criterion or source of data.