Recruitment Statistics That Will Motivate You To Use

Pre-Hire Screening 
RECRUITMENT STATISTICS

That Will Motivate You To Use Pre-Hire Screening

FALSE INFORMATION

53%

of all job applications contain inaccurate information (source)

34%

of all application forms contain outright lies about experience, education, and ability to perform essential functions on the job. (source)

11%

of job applicants misrepresented why they left a former employer (source)

EMPLOYEE THEFT

44%

The majority of retail shrinkage is due to employee theft at almost half of losses (survey)

$2,672

average employee theft case (source)

30%

of all business failures are caused by employee theft (source)

ON-THE-JOB VIOLENCE

The most common effects of workplace violence incidents on employees include decreased morale, decreased sense of safety, decreased productivity, decreased trust among co-workers and increased stress and depression. (source)

FBI Studies estimate nearly 355,000 businesses will experience a workplace violence episode in any given year (source)

21%

of establishments reported that a workplace violence incident affected the fear level and morale of their employees (source)

DRUGS

75%

substance abusers are employed (source)

3/year

substance abusers change jobs as frequently as 3 times a year (source)

33%

substance abusers are at least 33% less productive (source)

BAD HIRES

$1,000,000

average settlement of a negligent hiring lawsuit (source)

79%

of employers have lost negligent hiring cases (source)

It costs $7,000 to replace a salaried employee, $10,000 to replace a mid-level employee, and $40,000 to replace a senior executive. (source)

TIME + COST

$4,000

average amount that US companies spend to fill an open position (source)

52 days

average time to fill an open position (source)

47%

of small businesses cannot find qualified applicants for open positions (source)

CONCLUSION

Wrong Hires are most often the biggest source of hidden costs in a company. Not abiding by a standard, proven hiring process opens the door to wasted time and energy.

The minimum you should do is to use the various pre-hire screening tools and services that are quite affordable - yet they can help you avoid big trouble.

If you have never used the Recru-Tec Test, try it. This unique pre-hire soft skills assessment will detect personality-related characteristic that you could NEVER find throughout an interview.FIND OUT MORE!
SOURCE:
http://nofailhiring.com/scary-statistics-that-will-motivate-you-to-use-pre-hire-screening-part-1/