- Posted by: adminbb
- Category: Background Screening, International Background Checks
How confident are you that all your company’s representatives are diligently upholding your brand’s reputation? Or how accurate your background screening process is?
Relying solely on in-house recruiters to carry out accurate background screening checks on every single employee. As well as vendors, contractors and subcontractors puts you and your company at risk of significant losses.
Benefits of Vendor Background Screening
- Streamline your hiring and vendor outsourcing processes
With the average job opening attracting more than 250 applications and typically taking more than a month to hire an employee or contractor, streamline your process by outsourcing some or all of your vendor background screening.
- Know more about the people and vendors representing your company
Recruiters sifting through hundreds of resumes may spend only a few seconds studying each one. Outsourcing robust background screening a third-party organization to do thorough background checks can procure valuable information.
- Have peace of mind about your contingent workers
Although independent contractors, consultants and casual workers are not direct employees, they do directly represent your brand, so you should hire them with the same stringent background screening carried out on your direct employees.
- Ensure regulatory compliance
Multinational companies – especially those in highly regulated sectors such as financial services, legal services and security – have to comply with national immigration and labour laws such as the UK’s right to work legislation under the Immigration, Asylum and Nationality Act.
- Get a return on investment
When all your candidates are properly screened with an accurate background checking process you get valuable return on investment with vendors that enhance your brand’s reputation.
Consequences of Inadequate Vendor Background Screening
- Potential financial losses
Your company could lose money that you can save with accurate background screening, moreover if a company representative commits fraud or is working for you illegally that could be a great risk.
- Risk damage to your brand’s reputation
People representing your company can easily tarnish your brand reputation without proper and accurate background check. Not only in the eyes of your customers, but also in the eyes of your stakeholders and moreover the market as a whole. There are many possibilities such as criminal record for previous convictions as offenders or history of negligence.
- Personal liability risk
As an example people working illegally in organization can result in disqualification of the director. Therefore an accurate background screening is a must in todays’ labor environment.
Vendor Background Screening Options
There are three main options for multinational companies when outsourcing vendor background screening. These are:
- Loose Management
Recommend to your vendors that they use your preferred vendor background check provider.
- Mandated Management
Insist that a company you sponsor uses your preferred background check provider. The sponsor company reviews the background checks and hires based on their own criteria.
- Full Management
In case of sponsoring a company, you can mandate the use of your preferred screening provider. As a sponsor you should provide detailed information on the kind of background check for the workforce. However the process itself doesn’t require involvement.
Intelimasters is a background screening agency, not a law firm. This article is for informational purposes only. Nothing in it should be considered as legal advice. We encourage you to consult with legal counsel regarding your specific business and/or individual needs.