How much does a typical background check cost?
A thorough, comprehensive background check performed by Priority Research usually costs less than a new employee’s first day of work. This upfront cost is far less than the cost of hiring a bad employee. The U.S. Department of Labor figures that the average cost of a bad hire is 30 percent of the new employee’s first year earnings. Companies who do not utilize an effective employment-screening program to help make informed hiring decisions are more likely to hire “bad” employees, which can ultimately cost the company thousands of dollars.
