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Conducting a pre-employment background check can save company money in the long run. The benefit of conducting pre-employment screening has many benefits which include a safe workplace, reduce losses from theft and fraud and attain quality employees. Just having a background screening can discourage applicants with something to hide. A person with a criminal record or false CV will simply apply to a company that does not pre-screen. It is estimated half of all job applicants falsify their educational credentials. Industry experts refer to academic fraud as the most common lie on resumes. According to SHRM more than 73% of job applicants falsify information: 45 % misrepresent educational accomplishment. Checking criminal records is a good example of a pre-screening process that helps promote safe hiring. It is estimated that 10 percent of job applicants have a criminal conviction records relevant to the hiring process. Association of Certified Fraud Examiners estimated that resume fraud cost employers approximately $600 billion annually. Unfortunately not all applicants are honest. Studies continue to show an increase in the number of discrepancies. Managing the hiring decisions for your company is critical to business success. However getting it precise is not simple.