Mitigating risks for your business is critical to your company’s financial stability, reputation and integrity. One of the things that every business needs is a comprehensive workers comp risk management program. As you establish this program, you need to consider the importance of including a pre-employment background check as part of the process.
Pre-Employment Background Checks Help Mitigate Fraud
One of the biggest challenges for business owners is the hiring process. Any time you hire new staff, you are taking a risk for your business. Many business owners decide that pre-employment background checks are the best solution. When you mandate a background check for every potential new hire, it can uncover any history of fraudulent claims, questionable behaviors and other concerns that might put your business at risk.
Pre-Employment Background Checks Must Be Universally Applied
If you’re implementing background checks as part of a workers comp risk management program, those background checks must be applied universally. Every potential employee who receives an offer must have that offer contingent on the results of the background check to avoid any perceived bias.
Protecting your business should be a top priority, and that includes reducing your risk of workers comp fraud. With the right risk management program and pre-employment background checks, you can protect your company’s financial interests.