Three Ways Continuous Monitoring Helps Companies Reduce Employee-Based Risk

The pre-hire background check process is an effective way to vet potential employees and minimize future risk. However, while many companies rely exclusively on pre-hire screening or role-specific periodic rescreens to manage risk, pre-hire screening alone often leaves employers with significant gaps, which create opportunities for unnecessary risk. Employee-based risk does not stop after an employee is hired, and this risk can affect all aspects of the business: company reputation, other employees, and the general public. It is up to companies to remain diligent in mitigating employee-based risk throughout the employee life cycle. 

According to the U.S. Bureau of Labor, after four years of employment, 10% of employees will have been arrested twice. It is easy to think it could never happen to your company, but even just one event can significantly harm your company’s reputation and put your employees in danger. Our 2015 study found that 12% of the U.S. workforce will be incarcerated once in the next 5 years.

Stay one step ahead with continuous monitoring

Instead of relying exclusively on pre-hire background checks and periodic rescreens, employers can use continuous monitoring as an internal tool to help proactively identify potential risks within their organization. While pre-hire and periodic re-screens are helpful tools, continuous criminal monitoring is distinct because it works throughout an employee’s time at the company to provide alerts immediately following potential incarceration, court appearances, or conviction events associated with your employee roster information. 

Post-hire continuous monitoring helps companies to mitigate potential employee-based risk and gives companies the opportunity to intervene before major damage occurs. With the help of continuous monitoring, employers have access to valuable information which helps employers step in and help employees who show early signs of risk. Here are some specific benefits that come from implementing company-wide post-hire monitoring:

• It improves employee and customer safety: Continuous monitoring helps companies by providing information to help identify and keep “bad actors” out. If an employee gets through the hiring process, that does not mean that the risk ends there. Being able to identify employee-based risk with pointer information can help prevent accidents, fraudulent activity, and crime.
• It allows companies to maintain a positive brand image: Companies spend a lot of time, money, and effort to create and maintain a positive image. One negative and harmful incident can irreversibly damage the image of a company to the public, customers, and employees (current and future).
• It supports employees: Along with the many benefits to employers, continuous monitoring provides a way for companies to support their employees by creating a transparent work environment, aiding in employee mental health, and making it possible for companies to adopt fair chance hiring practices.

There is a way to reduce risk and promote company safety

By implementing a continuous monitoring solution, employers can help protect their reputation and keep their workplaces, employees, and customers safe. This pointer technology allows employers to compare their employee roster information with timely booking information, allowing them to know as soon as possible when an employee may be incarcerated. 

To learn more about how continuous monitoring can help your company remain diligent in mitigating employee-based risk, listen to this recent Pre-Employ webinar.
 

The information provided is intended as general guidance and is not intended to convey any tax, benefits, or legal advice. For information pertaining to your company and its specific facts and needs, please consult your own tax advisor or legal counsel. Links to sources may be to third party sites. We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or services.