I'm Gonna Have to See Your Credit Before I can offer you this job...
I keep hearing more and more of these reports about companies doing credit checks on potential hires. Here's another one...
In the past, only banks and financial service companies routinely ran credit checks on potential employees. But employers in other sectors increasingly are including them in the screening process to assess applicants' honesty and integrity, traits not readily gleaned from a résumé.
US employers' use of credit checks increased 55 percent over the last five years, according to Spherion, a recruitment and staffing firm with offices around the country, including Massachusetts.
“The credit check has become a general measure of responsibility and organization,” said industrial psychologist Carl Greenberg, senior vice president of Spherion. “If you cannot organize your finances, how are you going to responsibly organize yourself for a company? Organization is a measure of responsibility.”
Companies are relying on credit reports because employers, afraid of being slapped with libel suits, are no longer as candid about the performance of former workers. And the aggregation of consumer data and the Internet have made the information easier to access. Federal laws require that companies notify job applicants before conducting credit checks, butmany firms reason that viable applicants with good credit have nothing to hide.
Full article from theday.com (free reg.)
In the past, only banks and financial service companies routinely ran credit checks on potential employees. But employers in other sectors increasingly are including them in the screening process to assess applicants' honesty and integrity, traits not readily gleaned from a résumé.
US employers' use of credit checks increased 55 percent over the last five years, according to Spherion, a recruitment and staffing firm with offices around the country, including Massachusetts.
“The credit check has become a general measure of responsibility and organization,” said industrial psychologist Carl Greenberg, senior vice president of Spherion. “If you cannot organize your finances, how are you going to responsibly organize yourself for a company? Organization is a measure of responsibility.”
Companies are relying on credit reports because employers, afraid of being slapped with libel suits, are no longer as candid about the performance of former workers. And the aggregation of consumer data and the Internet have made the information easier to access. Federal laws require that companies notify job applicants before conducting credit checks, butmany firms reason that viable applicants with good credit have nothing to hide.
Full article from theday.com (free reg.)
posted by Dave at 9:21 AM
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