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Article: Employee screening: a real-world cost/benefit analysis.
- Article from:
- Risk Management
- Article date:
- November 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 Risk Management Society Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The cost/benefit analysis is a well-known business gauge that can shed telling light on the actual value of a proposed course of action. But for risk managers who must measure the potential value of preventative practices--especially regarding security issues--those cost and benefit figures can be hard to capture, and this gauge may not seem to have the legs it needs to stand on.
Employee screening is one such preventative practice that may come under the risk manager's cost/benefit scrutiny. Conceptually, it is not difficult to visualize a positive cost/benefit analysis for screening measures such as background checks and drug tests. Relatively small ...