The background check industry is flourishing, due to the employer-favoring, jobs-to-applicants ratio. It’s a great time for business owners to take advantage of the overabundance of job applicants by doing extensive background checks on all employees. In a franchising and business model sense—ApplicantSafe offers entrepreneurs a golden opportunity. Also, although only 8% of American businesses are franchises or corporate-owned businesses, those companies own a 40% market share!
ApplicantSafe is an online employment screening service that creates a safer and more secure workplace through the use of background check information. All ApplicantSafe's practices are approved by the FCRA, and are used to eliminate employer liabilities. The cost of a bad hire is 3 times the salary of the job in question and ApplicantSafe helps companies reduce that risk while improving productivity. ApplicanSafe uses the latest Internet technologies and are easy-to-use, reliable, and secure.
ApplicantSafe is the leader in online employment screening services, and is used by HR professionals and hiring managers from across the country. They are committed to creating safer and more secure workplaces through responsible, and effective uses of background check information during the hiring process. All of the business practices that ApplicantSafe uses are FCRA-compliant, and geared towards eliminating employer liabilities.
•Created in May 2004. Affiliated with TenantSafecreated in September 2001
•The Company began offering ApplicantSafe Unit Franchises and Developer Franchises in May 2011.
•ApplicantSafe has grown its client base to almost 3000 clients
Background checks are an important aspect to the hiring process, and ApplicantSafe leads the pack. This industry has continued to flourish, and it’s a great time to help business owners protect their workforce with extensive background checks on all employees. ApplicantSafe offers prospective franchisees a golden opportunity to capitalize on owning a business in a growing industry!
Industry Facts:
•The pre employment screening industry alone represents a $2 billion domestic market.
•Investment banking firm Robert W. Baird & Co. (Baird) estimates annual growth for the pre employment screening industry at approximately 7%.
•The background check industry is flourishing, due to the employer-favoring, jobs-to-applicants ratio.
•Studies show that lack of thorough background checking in recent years has resulted in a spike in employee liability insurance rates, due to accidents or violence in the workplace.
•In 2009 39% of all background checks had at least one serious flag.
•23% of employment verifications had serious flags.
•The replacement cost of a bad hire is up to 3 times the salary of the job in question.
Relevant Industry Statistics
Workplace ViolenceOne out of every six crimes occurs in the workplace and homicide is the second leading cause of workplace death in the U.S. Education FalsificationNational Credit Verification Service reports that 25% of the MBA degrees it verifies on resumes are false. Statistics
•72% of shrinkage is due to employee theft.
•34% of all job applications contain lies.
•30% of small business failure is caused by employee theft.
•There are over 5.5 Million US businesses that have employees
Our Customers will typically be small -to large-sized businesses who need quick, accurate background information on job candidates. Your clients may also include educational institutions as well as individuals.
