Pre-Employment Background Checks can prevent your company from becoming another ugly statistic

Employee Theft

  • Nearly 80% of the workforce admit they would or at least would consider stealing from their employers.
  • Employee theft costs businesses between $60 and $120 Billion, annually.
  • 49% of the employees steal for greed, 43% steal out of vindictiveness, and 8% claim they steal out of need.
  • Employee theft is the cause of 30% of business failures.
  • According to one survey, a business can lose to theft up to 20% of every dollar earned.

Resume Fraud

  • One study revealed that 54% of applications contained inaccuracies about such things as educational background and previous employment.
  • 11% of the job applicants provided inaccuracies when explaining why they left a former employer.
  • A third of the job prospects exaggerated their accomplished, and another third fudged on their employment chronologies.
  • Approximately 95% of applicants have falsified at least some facts on their resumes.

Drug & Alcohol Abuse

  • Drug and Alcohol Problems are estimated to cost businesses at least $100 Billion, annually in lost productivity.

  • About 23 million Americans suffer from alcohol and drug problems. Seventy-Five percent are employed, but only twenty percent of them seek help for their problems.

  • Drug and Alcohol Abusers cost American businesses twice the health care expense of the average employee.

  • Drug and Alcohol Abusers are involved in approximately 20-25% of workplace accidents. They are three times more likely to report for work late and five times ore likely to file a worker s compensation claim.

Workplace Violence

  • Cost of Violence in the Workplace is estimated to cost businesses more than $36 Billion, annually. This is 850% over previous estimates.

  • Violence in the workplace accounts for 17 percent of all occupational fatalities, making it the second leading cause of job related fatalities, right behind traffic deaths.

  • 40% of working women who die from job-related injuries, die of murder.

  • 2% of workplace violence results from shootings and stabbings.

  • Workplace violence is the main concern of corporate security directors at Fortune 1000 companies.

  • Each year tens of thousands of violent threats are made in the workplace, leading to thousands of workers being attacked and injured.

  • Each year more than two million Americans become victims of work related violence.

  • 8% of the rapes, 7% of the robberies, and 16% of assaults all occurred in the workplace.

  • Crime victimizations in the workplace resulted in nearly 900,000 lost work days.

Sexual Harassment

  • In a US. Study more than 40% female employees in the private sector, and more than 16% female university employees experienced sexual harassment within 24 months.

  • In recent years more than $150 million, annually, has been awarded to victims of sexual harassment.

  • A typical Fortune 500 Corporation can expect to lose $10 million annually from productivity, health care costs, poor morale and various complications arising out of sexual harassment.

Bad Hires

  • The cost for a bad hire for a software engineer can exceed $1 Million. You could lose as much as $1.4 Billion for a CEO.
  • Bad Hires have an absentee rate four times higher than average--the average cost of absenteeism is more than $800 per employee.
  • Hiring the wrong person can cost upward of 24 times the individual s annual salary, once expenses associated with hiring, compensation, lost business opportunities and severance are factored in.
  • In the American Business Community, two out of three new hires will disappoint in the first year
  • One out of three business will be sued this year over an employment issue.
* * * *
To learn more how Corra can help you with your background screening needs, please contact us at or call us at 310.524.9800. We can customize any background search to meet your unique needs. We offer volume pricing, no signup fees, and no minimum orders.