Professional pre-employment screening services are becoming increasingly more essential to employers, and a failure to carry out such background checks could result in serious consequences for your company. There are many reasons for this, ranging from the increased incidence of negligent hiring actions to the apparent ease with which some employees can access sensitive company information.
Poor hiring decisions can result in the failure of smaller businesses and be very costly to larger corporations. Negligent hiring lawsuits can, and have, cost companies millions of dollars in damages, and most of these actions could have been avoided by effective pre-employment background checks. The very fact that such checks were not carried out, or were carried out inefficiently, will count against you in the calculation of any damages awarded against you.
At one time all you needed before hiring a new employee was to give an interview and make a few phone calls to previous employers, but not now. These days are gone due to the increasing prevalence of corporate scandals, computer theft and workplace violence to staff by fellow employees. In a litigious world a large damages case resulting from such omissions can be terminal to companies of all sizes and particularly to you if you are responsible for the hiring.