Featured
Article:
2009
Background Screening Industry Outlook: Three trends and tips to
navigate them
Today's economic climate will deepen major trends that have been
impacting the background screening industry:
- Courthouses
will be even more strapped for funds with accelerated losses
to the tax base forcing them to cut back staff and increase
fees.
- Background
screeners will be squeezed by lower employment numbers and the
push by their customers to reduce fees.
- With top
line revenues at risk, investors and shareholders will demand
that you preserve the bottom line.
Staying ahead
of your competition, being more efficient, retaining your customers
and offering more value is key, but how?
1.Minimize
use of live court runners by taking advantage of the improving
quality of online data.
In the past,
a courthouse search by a court runner was the most effective way
to get an accurate criminal record. However, faced with today's
economic situation, courthouses have slimmer staffs and fewer
resources dedicated to manually fulfilling searches and turnaround
times have been affected. The shift towards making criminal background
information available online is growing exponentially. Out of
necessity, the breadth, depth and quality of information online
is dramatically improving. While some sites are still not up to
speed, many sites are and should be used to your advantage.
2.Utilize
automated fulfillment technology for online data sites and minimize
operating expenses.
Businesses are feeling pressure to reduce operating costs. It
is now more critical to find ways to automate business processes,
become more efficient and cost-effective without compromising
data quality or accuracy. CRA's have alternatives to manual data
acquisition via courthouses or online sites today. Precision data
extraction using advanced artificial intelligence technology,
has proven to be effective in other industries, and is now making
inroads into the background checking industry. Taking advantage
of this sophisticated technology doubles your efficiency and in
most cases these productivity gains come at half the cost of what
you’ll recognize in returns.
3.Explore
new product opportunities and expand your involvement in the hiring
process.
With pre-employment
screening predicted to be at an all time low, CRA's need new data
products that offer them more involvement in the hiring process.
Clients are beginning to use new online information from a range
of sources to get additional insight on job candidates. Now is
your chance to be an information leader, retain these clients
and gain additional revenue. There are low cost services available
today that can instantly provide you with this data for your clients.
If thinking
about these trends and the impact to your organization challenges
you, you’re not alone. If you’re struggling with online
sites and new information sources, there is help. Fetch
FootPrint understands the industry, has the technology needed
to support your business problems and has solutions that can help
your organization succeed in these ever changing times.
For help,
call Fetch FootPrint 877-713-3824 or visit us at: www.fetch.com/footprint.asp
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