As a broker, you do more than just advise business owners on their insurance needs. You are a resource that can provide insight into risk management strategies. When working with your clients on staffing business insurance policies, it’s important to recognize the changes that have occurred recently for contingent employment. Contract and freelance work have become commonplace, but failing to address the potential challenges with security lapses in the hiring process can create inefficiencies in building a strong labor pool.
The Need for Contingent Workforce Background Checks
Remote opportunities, both with hiring and employment, can be very beneficial in quickly meeting labor demands in a number of industries, but the use of technology also brings some challenges. For many companies, the risk of candidate or employee identity fraud increases. Because of the significant impact this occurrence could have, it is important to stress to your clients the need for contingent workforce background checks. While it can be frustrating to try to onboard dozens or hundreds of contingent workers on tight deadlines, assurance of individual identity must be a part of the process.
Tips for Contingent Workforce Background Screening
The need to make timely decisions concerning potential hires can’t overtake the need for verifying the authenticity of an applicant. The use of ID verification technology can digitize the process and improve both accuracy and flexibility in the process. Employers and applicants feel more confident in the situation when there is a secure platform that protects the identity of an individual by offering a secure way to prove who they are.
Maintain Consistency
The demand for faster turnaround times with hiring causes resources to be stretched thin, but taking chances and cutting corners only leads to big problems down the road. Whether your clients are hiring hundreds of people or they just deal with a few here and there, stress the importance of maintaining consistency in their practices. This means staying up-to-date on the screening regulations and regulatory changes that have taken place across all government levels. This is crucial to protecting a staffing business insurance policy.
Devise Special Circumstance Process
Too often, a staffing company will pursue backgrounds check for those filling full-time positions. Increase security in hiring practices by requiring all contingent and contracts to undergo screening. Background checks that come back and raise concerns need to have a unique set of next steps to ensure fairness in hiring but proper placement in third-party companies.
Streamline Whenever Possible
Digital services can have a significant impact on productivity and accuracy for any industry, and this includes staffing agencies. To determine the areas where more efficiency can take place and improvements can occur, have clients conduct a process audit. Educate clients on digital technologies that can help accelerate background checks and verifications.
As your clients improve their hiring process, it will improve the candidate experience. This can lead to higher engagement and retention rates, two areas that can help a company thrive in a changing dynamic.
About World Wide Specialty Programs
For the last 50 years, World Wide Specialty Programs has dedicated itself to providing the optimal products and solutions for the staffing industry. As the only insurance firm to be an ASA commercial liability partner, we are committed to that partnership and committed to using our knowledge of the industry to provide staffing firms with the best possible coverage. For more information about Staffing Professional Liability Insurance or any other coverage, we have available to protect your staffing business, give us a call at (877) 256-0468 to speak with one of our representatives.