
Hiring and onboarding a new employee is expensive. Reports have found that it can cost anywhere from $4,000 to $20,000 a head, meaning that most businesses cannot afford to make a mistake with their hiring decisions.
However, with the help of background checks, employers can rest assured that they are hiring not just the best option for the job but the right person — every time. Although extensive background checks might seem like a drastic measure for businesses to take, in this day and age, it’s better to take a better-safe-than-sorry approach.
Businesses of all kinds, from government agencies to banks to casinos to universities, can benefit from the peace of mind that a thorough background check provides. “Considering that Miami and South Florida are becoming a hotbed for entrepreneurs and startups — particularly in the tech and finance sectors — a skilled background check provider is an invaluable resource,” explains Kenneth Coats, the founder and CEO of KENTECH, a leading Miami-based provider of advanced background check technology.
Why background checks are important for businesses
Background checks help employers get insight into an applicant in several different areas. Some of the most common areas investigated include:
- Criminal history: Job applicants are likely familiar with a criminal background check, which checks an applicant against criminal databases on a state, federal, and international level. Knowing an applicant’s criminal history is especially important for jobs requiring security or discretion, such as handling cash or working with kids.
- Identity: During the background check process, an investigator verifies essential information like social security numbers, dates of birth, and fingerprint databases against the information provided by an applicant. This ensures that the person applying for the job is actually who they say they are.
- Academic/professional/licensure background: Background checks can also verify important qualifications of an applicant, such as their academic credentials, work experience, and professional licensures. Verifying this information ensures that applicants accurately represent their experience and qualifications.
However, as helpful as background checks are, they can be complicated and time-consuming, especially if this responsibility falls on the hiring team, who is already inundated with all of the demands of the hiring process. Thankfully, third-party providers offer convenient, cost-effective solutions that allow businesses to streamline their background check processes.
For one, enlisting the help of a third-party background check provider ensures that the results of your investigations are thorough and accurate. Background check providers employ investigators with years or, sometimes, even decades of experience. They know where to look and how to read and report results accurately, ensuring their clients get the insights they need quickly and reliably.
Third-party providers also offer convenience to businesses. Background checks are a time-consuming process, especially if the person conducting the investigation does not have specialized experience. However, by outsourcing their investigations, employers are often given the option of making bulk orders or even integrating the collection of applicant information into their HR or hiring software, allowing them to streamline and automate the ordering of background checks.
Finally, outsourcing background checks to a third-party provider can also help businesses ensure they remain in compliance with all relevant laws and regulations. Background checks are subject to certain restrictions, especially when it comes to credit information, which is under the purview of the Fair Credit Reporting Act (FCRA). Experienced third-party providers will ensure that all paperwork is filed correctly and that businesses will receive no legal ramifications in the future.
Leading background check providers in Miami
KENTECH’s recent move to Miami puts it in a unique position to serve businesses in the South Florida area. Coats and his team do more than just verify information — they empower businesses to make the right hiring decisions. When organizations secure top talent that is a great fit for their organization, they are primed for success and substantial growth.
“While our move to Miami does strengthen our ability to expand to new horizons as a company, we want to make it clear it’s not just about business growth,” said Coats in a recent interview with South Florida Business and Wealth Magazine. “It’s also about contributing to the local economy. KENTECH is committed to creating jobs and supporting community initiatives in the Miami area. We believe that fostering a supportive business environment benefits both our company and the local community.”
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