Statistics & Trends
Job applicants:
- 5% of applicants had criminal records within the past seven years ADP 2006 Screening Index
- 24% had driving records with one or more violations or convictions ADP 2006 Screening Index
- 45% had a judgement, lien or bankruptcy (or were turned over to a collection agency) on their credit records ADP 2006 Screening Index
- 8% had filed a workers' comp claim ADP 2006 Screening Index
- 49% reported incorrect or false employment, education or credential information ADP 2006 Screening Index
- A screening firms study of 249,000 resumes found that 52% of them contained discrepancies Challenger, Gray & Christmas; 2003
- 34% of resumes and 73% of employment applications contain falsified or embellished information about schooling, job experience and capabilities Security Technology & Design, Controlling Law Firm Costs, 2001
Costs to Businesses
- 35% of all business failures (36,000 companies each year) are attributed to employee theft Business Resource Center
- Lawsuits resulting from bad hires average over $500,000 in settlements and about $3 million from jury verdicts Insurance Institute of California
- Violence in the workplace results in an estimated $36 billion in costs each year to American employers each year Workplace Violence Research Institute
- The average cost of employee turnover is 150% of the position's salary (200% to 250% for managerial and sales positions) The Advisor, 'Cost of Employee Turnover,' William G. Bliss, Bliss & Associates
- Professional staffing firms have found that the cost of a problem employee can range from twice the employee's annual salary or higher
- Nearly 2 million people each year are victims of workplace violence U.S. Department of Justice
- Indirect costs of bad employees can include:
-Loss of valued clients due to a decline in company reputation
-Costly litigation
-Loss of employee moral
-Tainting of brand name
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