How Hiring a Private Investigator Can Save You Time & Money
It’s coming to the end of yet another year…
Companies are thinking about how they are going to grow their businesses in the year to come. However, it’s also important to have an action plan for other issues that arise internally, which can increase costs and eat away at profits.
You may think Private Investigators (P.I’s) are best for finding cheating spouses, but did you know that many are also specialists in the field of corporate investigations as well?
Having In-Depth Investigations on your side can ultimately provide big benefits to your company and your bottom line.
What does a Private Investigator do?
The job of a private investigator (or PI), is wide-ranging and at times, difficult one. It will require an impressive range of skills in order to be successful, including; legislative research, critical analysis, competent communication and influence, achieve results within tight due dates, effective case management to juggle multiple files, ability to cope with extremely stressful situations, patience, work both independently and with a team.
In an organisational setting, a private investigator’s duties will likely range from conducting due diligence/ background checks of employees and other companies to managing and conducting formal investigations to undercover work to training in risk prevention.
Engaging PI’s acts as an independent 3rd party to an investigation, resulting in credibility, unbiased and more accepted outcomes by stakeholders.
Issues with employees
Corporate investigations can help to detect instances of employee theft or dishonesty. This can range from finding out about someone stealing from the registers at a business to someone using the Internet to funnel money.
Even cases of illegal workers’ compensation claims, leaking trade secrets and aiding competitors can be unearthed by a private detective firm with a background in corporate matters, including investigations by forensic accounting and insurance fraud specialists.
Hiring and firing due diligence
Investigation experts can provide your company with exhaustive data before hiring someone for a position dealing with money or sensitive information. They can also help you to find out if there are any valid reasons why a current employee should be terminated.
You might not realise this, but hiring a private investigator can save your company time and money. By not having to do the investigation yourself, you can focus on building your business. This can boost your profit margin and give you the chance to work on projects that are important to you instead of conducting background checks and time-consuming internal investigations yourself.
Hidden (but important) costs!
Did you know that it costs six to nine months of a position’s annual salary to recruit and train an employee?
By hiring a private investigation firm to handle pre-employment screenings, you can ensure that this isn’t money that is wasted.
Retaining your current workforce is probably a top concern since you don’t want to have to pay for the recruiting and training of a new employee unnecessarily. Using private investigators to look into work-related issues, such as employee complaints, allegations, or oddities that can creep up, can ensure that you are taking appropriate action with the correct employees.
You don’t need to fire an employee because you think that the employee is stealing from the company only to find out later that you didn’t get rid of the actual thief. Hiring a private investigator can help you to avoid these types of situations.
Protect your assets
The tie that binds all of these situations together is that you must protect your company’s bottom line and assets. Taking a step back from investigations takes some of the bias out of them so that you can have an expert get to the bottom of these matters objectively and let you know what is really going on.
For any inquiries, or to see how we can help you, please contact one of our Licensed Professional Investigators immediately at In-Depth Investigations.