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29-Aug-2024 | Taha Kisat

Top Benefits of Outsourcing Your Background Checks to a Background Verification Company

Top Benefits of Outsourcing Your Background Checks to a Background Verification Company

Outsourcing is the practice of hiring an external party to perform services or create goods, but at its core, it's simply trade—the original concept of business, returning to the very basics. 

When a company decides to ‘outsource’ it tends to look for other companies or businesses that can handle their workload efficiently. This creates an incentive for businesses and companies to allocate resources where they are most effective, and outsourcing helps maintain the nature of building economies in a highly connected world. This technique helps accomplish the core ideology of business and trade, providing a landscape where businesses are connected globally and growth happens not only vertically, but horizontally too. 

 

Index

  1. Reduced Overhead Costs
  2. Time Investment
  3. Compliance Challenges
  4. Technology and Resources
  5. Scalable solution
  6. Why outsource to Pakistan
  7. Conclusion

 

Therefore, outsourcing your HR needs as a background check service provider, is an effective way to tap into the pool of trained resources available globally and reap the benefits of quick and informed decision-making. 

Listed below are the top benefits of outsourcing background checks:
 

Reduced Overhead Costs 

Outsourcing background checks can lead to significant savings in various business areas. Take, for example, a mid-sized company that previously struggled with high turnover rates and excessive training costs due to inefficiencies in its HR processes. By partnering with a company like Check Xperts based in Pakistan to manage their background checks, the company was able to streamline operations and significantly cut costs.

To cite an example, before outsourcing, a company invested heavily in maintaining secure database systems and hiring staff to handle the background screening process. These internal efforts not only required constant upkeep but also diverted resources from other critical business areas. After outsourcing to Check Xperts, the company saw a 30% reduction in its overall HR expenses. They also reported a 20% increase in the efficiency of their screening process, leading to quicker hiring decisions and a smoother onboarding experience.

With these newfound savings and increased efficiency, the company was able to reinvest in growth initiatives, take on more clients, and improve their bottom line—all while ensuring the high quality of their background checks remained intact. 

Time Investment 

The cliche ‘Time is Money’ is not only for the books, it is very real. Conducting thorough background checks can be a time-consuming process, especially if it requires verifying information from multiple sources or conducting international checks. This can be an issue for businesses trying to meet tight deadlines or need to make a decision quickly. Also, background verification requires professional training, if conducted in-house. Without a dedicated team for background checks, staff will often push background checks to a lower priority as they complete other daily tasks. Moreover, it will consume a lot of time to harness these skills in already occupied staff members.  

However, to make things easier if background checks are outsourced to an external company, businesses can save time and resources. Instead of facing the pressure of trying to meet quick turnaround times, staff can focus on other tasks in the recruitment process. The time engaged in training and research can be utilized to do other things and leave the verification in the hands of the professionals. 

This provides peace of mind knowing that background checks are being handled externally without competing with other important priorities. When you can have background check professionals taking care of your hiring decisions, why would you want to worry?

Compliance Challenges

Outsourcing background checks to a reliable provider takes the pressure off when it comes to dealing with complicated global regulations. These companies make it their job to stay on top of the latest laws, so organizations don’t have to worry about whether candidate screenings are compliant. This is especially helpful when conducting checks across different countries, where rules and requirements can vary. By working with experts who understand local laws, businesses can stay compliant without the stress.

Choosing a provider that holds an ISO 27001 certification and is a member of the Professional Background Screening Association (PBSA) adds an extra layer of reassurance. These credentials show that the company follows high-quality standards and knows the ins and outs of compliance. Plus, outsourcing to a provider like this can save money and give access to well-trained teams, all while making sure the compliance needs are covered.

Technology and Resources 

Performing background checks in-house often involves subscribing to databases and maintaining secure data storage systems. These subscriptions and maintenance costs contribute to the overall expenditure of conducting background checks internally. Background check providers often have access to a wide range of resources and databases that aren’t available to most businesses. As a result, their background checks can be more thorough and accurate. 

This is especially true for global background checks, which are challenging even for niche local providers. An example of background check providers using such resources and expertise is mitigating risks like ‘degree mills’ and ‘alibi mills’. Because of their specialized expertise in the industry, third-party providers can offer a more rigorous and in-depth background check not available for most in-house teams.   

Scalable Solution 

One of the primary benefits of allowing an external company to conduct background checks is the ability to scale up or down as needed. If a business is going through a surge of recruitment, background checks can easily be managed without burdening in-house staff or being limited by their capacity and workload.

Whether the need is to verify a single candidate or process hundreds of checks simultaneously, outsourcing providers can adapt to all the requirements without compromising quality.  

Why outsource to Pakistan? 

For today’s businesses, the question is not a ‘where’ - where is the company’s location? But the question is ‘how’- how can a third-party outsource company deliver on time, within budget, and with the best quality? These businesses have realized that speed-to-market is of utmost importance.  

As the 6th most populous country in the world, with a population of over 195 million, Pakistan boasts significant potential as a technology outsourcing hub. Its large, young workforce and thriving tech ecosystem are key factors driving its appeal to global businesses. The country is home to Karachi, the 7th largest city in the world, with 24 million inhabitants and a strong focus on technology education and training. 

Pakistan’s competitive pricing for technology and background check services is one of its major advantages. With a weak currency compared to other outsourcing destinations, businesses can achieve significant cost savings while maintaining high quality. For example, a US organization based in the District of Columbia must pay their workers a minimum of $16.25 per hour. It totals $2600 per month, a big amount from the business perspective. If the business were to outsource the same job to Pakistan, they can easily hire an experienced resource for less than $1000 or even $500 in most cases. 

Conclusion 

Outsourcing background checks embodies the timeless concept of trade—sharing expertise to achieve mutual benefits and drive growth. By partnering with a specialized provider like Check Xperts in Pakistan, companies can efficiently manage their hiring processes while enjoying the advantages of expert knowledge, advanced technology, and cost savings.

Pakistan’s vibrant infrastructure, competitive pricing, and skilled workforce make it an ideal choice for outsourcing. Check Xperts leverages these strengths to offer businesses reliable and high-quality background check solutions. This collaboration not only enhances operational efficiency but also supports global business growth and connectivity.

For businesses looking to streamline their background check processes and make informed hiring decisions, Check Xperts stands as a valuable ally. Embracing the principles of outsourcing helps companies tap into global resources and thrive in a connected world, proving that effective trade practices are key to success in the modern business landscape.

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