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Situation
A manufacturing company was experiencing unusually high employee turnover, which resulted in greater recruiting and training costs. The firm knew it must find ways to reduce its turnover to control costs and to rebuild an experienced team.
Solution
Eide Bailly's forensic team analyzed the company's employment history and found a pattern for short-time employees. We recommended the company include an employment background screening on all prospective employees-a practice that has become critical to all industries.
Results
- The firm formally added background checks to its recruiting/hiring process.
- The firm has reduced turnover by 40%, therefore, saving money by reducing employee training costs.
- The company is experiencing higher productivity due to a more experienced production line.
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