OPPapers.com Essay Index >> Business >> Pre-Employment Screening Industry Report
We have many free term papers and essays on Pre-Employment Screening Industry Report. We also have a wide variety of research papers and book reports available to you for free. You can browse our collection of term papers or use our search engine.
Pre-Employment Screening Industry Report. Pre-Employment Screening Industry
Overview Industry Overview Due to the increasing costs ...
... Illustrating such contrasting industry propensities, the American ... 80% of organizations
now conduct some pre-employment drug screening” (“Drug Testing ...
... Improved fairness in pre-employment screening can help the ... at the management level,
various industry studies have ... 2008, from Outback Annual Report 2005 Outback ...
... agency is responsible for the initial pre screening, interviewing and ... 2.2.6 Career
Paths Once employment is gaining ... this report, the cruise industry, it’s ...
... work after injury, for performing pre-employment and post ... psychological screening
and pre-vocational testing ... is to perform a musculoskeletal screening only when ...
Submitted by jbsmith on July 9, 2007
Category: Business
Words: 1523 | Pages: 7
Views: 160
Popularity Rank: 66,356
Average Member Grade: N/A (Add a Comment / Grade this Paper)
Pre-Employment Screening Industry Overview
Industry Overview
Due to the increasing costs associated with workplace embezzlement, fraud, violence, and other unethical business practices, the need to manage hiring and personnel risk has never been of greater importance than in today’s business environment. The process of verifying past employment, education, and criminal history is an essential facet of many contemporary corporate risk management programs. The pre-employment screening industry is a small, highly fragmented sub-industry of the much larger Business Process Outsourcing (BPO) sector, a space dominated by a handful of large companies accounting for almost 25% of the industry’s total revenue. Total revenue for the pre-employment screening industry is forecasted to be approximately $4 billion in 2007 with the top five players—U.S. Investigations, First Advantage, ChoicePoint, Kroll and ADP—accounting for approximately $900 million in annual revenue. HireRight, Axciom, and Accurate Background are examples of some of the more prominent mid-size companies in the industry.
Pre-Employment Screening
Pre-employment screening is the process of verifying a potential employee’s character, general reputation, and personal characteristics. It may include any of the following: criminal background check, investigation of civil records, asset and bankruptcy records, credit reports, and driving records. Background checks also usually include verification of any licenses, education achievements, employment history and personal and professional references.
Pre-employment screening has become an important practice for all employers due to the increasing costs associated with negligent hiring lawsuits and the threat of workplace violence. Consider the following figures:
• On average in U.S. businesses, at least half of all new hires don't work out and it costs $7,000 to...
You must Login to view the entire paper.
If you are not a member yet, Sign Up for free!