Employment Screening: Mitigating Risk, Driving Down Cost
Bothell, WA (Vocus) November 1, 2010
TalentWise, the #1 ranked employment screening solution provider that offers employment screening and onboarding solutions designed for human resources, staffing and recruiting professionals, announced today that the company partnered with leading research firm Aberdeen Group, a Harte-Hanks Company, to help produce a new study that links employment screening to recruiting performance. The report, “Employment Screening: Mitigating Risk, Driving Down Cost,” looks at how background screening, when done efficiently, can be a game-changer among companies looking to streamline and improve their hiring process.
Aberdeen’s research shows that companies that implement automated solutions for background screening, employment or education verification, and reference checking experienced 60% better quality of hire compared to those without screening solutions in place. The study also found that organizations that fully integrated employment screening systems and data with applicant tracking systems (ATS) experienced a 3% annual improvement in time to hire and a 5% average reduction in cost per hire over those organizations who had not integrated these systems. Additionally, the report reveals that 84% of Aberdeen’s best-in-class companies for talent acquisition use background screening solutions and companies using those solutions are 43% more likely to achieve best-in-class results.
“With an increasing number of candidates vying for a limited number of jobs, resource-constrained human resource and recruiting professionals are increasingly turning to automated screening solutions to create a more efficient and effective hiring process. Aberdeen Group’s research complements our own first-hand experience in the field and shows that fully integrated background screening can truly help companies save time, save money and hire the right candidate,” said Todd Owens, General Manager, TalentWise.
In an effort to drive greater productivity and higher quality workforce, TalentWise offers businesses of all sizes on-demand, comprehensive and affordable employment screening and onboarding products, including background checks; drug testing; skills and behavioral assessments; education and employment verifications; industry exclusion list searches; professional credential verifications; DOT compliance solutions; new hire forms automation; driving records; credit checks; turn-key integrations with applicant tracking systems; and more.
“Effective and efficient talent acquisition is a key concern right now, and organizations that are having the most success achieving their hiring goals understand the power of a background screening solution partner that can help them automate and integrate this important part of the hiring process into their workflow,” said Mollie Lombardi, Senior Research Analyst, Human Capital Management of Aberdeen Group.
Aberdeen's report provides more detail into how organizations are driving better hiring decisions through employment screening. To obtain a complimentary copy of the report, visit: http://www.aberdeen.com/link/sponsor.asp?spid=30410182&cid=6812&camp=2. For more information about TalentWise, please visit http://www.talentwise.com.
Intelius Screening Solutions LLC d/b/a TalentWise, a wholly owned subsidiary of Intelius Inc., is an industry leading consumer reporting agency focused on providing businesses, landlords, and households with the information they need to make sound and legally compliant decisions. Through its TalentWise employment screening and onboarding division, the company has earned recognition as the #1 ranked employment screening provider to over 3,000 businesses throughout North America. TalentWise helps make HR, staffing and recruiting professionals’ lives easier by driving greater quality from their recruitment-to-hire process through affordable, comprehensive and flexible technology that increases productivity and improves compliance.
In 2009, TalentWise was rated the #1 employment screening solutions provider by HRO Today magazine, the same organization that rated it #1 in Customer Satisfaction in both 2008 and 2009. TalentWise has also been named to Workforce Management Magazine’s “The Hot List” in the category, “Employment-Related Screening Providers” for the fourth consecutive year (2007-2010). TalentWise, and its General Manager, have been recognized throughout the industry for their outstanding products, customer service and industry leadership.
For more information about TalentWise, visit http://www.talentwise.com.
About Aberdeen Group, a Harte-Hanks Company
Aberdeen provides fact-based research and market intelligence that delivers demonstrable results. Having queried more than 30,000 companies in the past two years, Aberdeen is positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen for insights that drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information - Opportunity - Insight - Engagement - Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen or call (617) 854-5200, or to learn more about Harte-Hanks, call (800) 456-9748.