--- title: Why Background Checks save you Money description: When deciding on a background screening company, consider the real cost of a background check and how they can save you money. image: https://blog.verifirst.com/hs-fs/file-1813909474-png/Blog_Images/Why_Background_Checks_Save_You_Money.png --- [Employment Background Screening](https://blog.verifirst.com/topic/employment-background-screening) [Cost of a Background Check](https://blog.verifirst.com/topic/cost-of-a-background-check) # Why Background Checks save you Money [![Ryan Howard](https://app.hubspot.com/settings/avatar/29a1d4bf57e0e03d00a52ef501083a92)](https://blog.verifirst.com/author/ryan-howard) by [Ryan Howard](https://blog.verifirst.com/author/ryan-howard) 2 min read Thu, Oct 09, 2014 ![Why_Background_Checks_Save_You_Money](https://blog.verifirst.com/hs-fs/file-1813909474-png/Blog_Images/Why_Background_Checks_Save_You_Money.png) One of the most important business decisions a company can make is to hire the right person for an open position.  Business owners and hiring managers must carefully evaluate a candidate’s experience, skills and education to help determine their qualifications.  An employment background check can help your company hire fully qualified employees while saving your company money in the long run. ## **The Real Cost of a Bad Hiring Decision** There are significant financial implications of hiring the wrong person for your position: - Decreased morale due to the bad hire which in turns affects productivity - The time and money spent to train the employee that does not work out - Time and money spent to recruit and refill the job opening - Increased workload on other employees while a new candidate is found and while the new employee gets up to speed - Decreased client satisfaction or missed sales opportunities due to not having the right person in place. ## **The Benefits of an Employment Background Check** When employment background checks are used as a part of the hiring process, applicants tend to be of a higher quality and are less likely to be deceptive. Background checks improve the quality of the candidate pool and enhance the hiring process by providing an additional source of information on the candidate’s background. Additionally, a thorough background check can identify and avoid candidates with criminal backgrounds.  Individuals with criminal backgrounds may be more likely to commit workplace crimes including violence and theft. As an employer, one of the most important things you can provide is a safe work environment for your employees.  Background checks help to achieve this.  In addition to outlining a person’s criminal behavior, an employment background check can verify previous employment and education.  This added layer of protection can identify applicants who have been dishonest about their experience or education. ## **Types of Background Checks** A leader in the field of managing risk, VeriFirst offers a number of screening tools to fit a variety of needs and budgets.  Available options include: - Verification of an applicant’s identity - Credit report and financial information - Drug screens - Criminal records search for the county, state and federal crimes - International criminal records search - Employment verification - Educational verification - Professional license verification For additional information on how performing an employment background check can save your company money, contact the experts at VeriFirst today.  VeriFirst is a national leader in the field of background screening and specializes in providing screening solutions that are tailored to the unique needs of each client.   [![Free Quote Personalized & Flexible Price Quote   REQUEST QUOTE](https://no-cache.hubspot.com/cta/default/157703/ac1947f2-44e2-436d-9319-bb10fa718409.png)](https://cta-redirect.hubspot.com/cta/redirect/157703/ac1947f2-44e2-436d-9319-bb10fa718409) #### Share this [Share on X ](https://x.com/intent/post?url=https://blog.verifirst.com/why-background-checks-save-you-money&text=Why+Background+Checks+save+you+Money) [Share on Facebook ](https://www.facebook.com/sharer/sharer.php?u=https://blog.verifirst.com/why-background-checks-save-you-money&t=Why+Background+Checks+save+you+Money) [Share on LinkedIn ](https://www.linkedin.com/shareArticle?mini=true&url=https://blog.verifirst.com/why-background-checks-save-you-money&t=Why+Background+Checks+save+you+Money) Previous story [← Automating Background Checks to Eliminate Data Entry](https://blog.verifirst.com/automating-background-checks-to-eliminate-data-entry) Next story [What Employers Need to Know about Ban the Box →](https://blog.verifirst.com/what-employers-need-to-know-about-ban-the-box) ### You May Also Like These Related Stories [Cost of a Background Check: How Much Should You Pay?](https://blog.verifirst.com/blog/bid/305407/cost-of-a-background-check-how-much-should-you-pay) ![Cost of a Background Check How Much Should You Pay.png](https://blog.verifirst.com/hubfs/Blog_Images/Cost%20of%20a%20Background%20Check%20How%20Much%20Should%20You%20Pay.png) [Tenant Background Screening](https://blog.verifirst.com/topic/tenant-background-screening) #### Cost of a Background Check: How Much Should You Pay? Thu, Jul 01, 2021 3 min read [What Affects the Cost of a Background Check?](https://blog.verifirst.com/what-affects-the-cost-of-a-background-check) ![what affects the cost of a background check.png](https://blog.verifirst.com/hubfs/Blog_Images/what%20affects%20the%20cost%20of%20a%20background%20check.png) [Cost of a Background Check](https://blog.verifirst.com/topic/cost-of-a-background-check) #### What Affects the Cost of a Background Check? Fri, Sep 15, 2017 3 min read [When to Use Instant Background Checks for Employment Screening](https://blog.verifirst.com/when-to-use-instant-background-checks-for-employment-screening) ![](https://blog.verifirst.com/hubfs/Blog_Images/When%20to%20Use%20Instant%20Background%20Checks%20for%20Employment%20Screening.jpg) [Types of Background Checks](https://blog.verifirst.com/topic/types-of-background-checks) #### When to Use Instant Background Checks for Employment Screening Fri, Feb 07, 2020 3 min read ### Get Email Notifications ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Ryan Howard", "url" : "https://blog.verifirst.com/author/ryan-howard" }, "datePublished" : "2014-10-09T13:54:00.000Z", "headline" : "Why Background Checks save you Money", "image" : [ "https://blog.verifirst.com/hs-fs/file-1813909474-png/Blog_Images/Why_Background_Checks_Save_You_Money.png" ], "mainEntityOfPage" : { "@id" : "https://blog.verifirst.com/why-background-checks-save-you-money", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.verifirst.com/hs-fs/hub/157703/file-1399347280.png" }, "name" : "VeriFirst" } } ```