Find Out What You Need To Know About Employment Verification

Employment Verification and Screening: Why do potential employers rely heavily on it and why use Reliantcy

First impressions are super important, especially when you are applying for a new job.  Your resume tells a story of your work experience, qualifications and skills. But because of competition in the job market many applicants embellish, falsify or flat out lie on their resume.  More and more companies are using employment verifications to gain the insight they need in making an informed hiring decision.

What are employment verifications?

Employment verification services is an invaluable tool that allow companies to contact the human resources and payroll departments of previous employment to verify the accuracy of the applicant’s resume.  Information on the resume can be confirmed directly from the source to see if there are inconsistencies in such things as, job description, dates of employment and reasons for leaving.

Why should potential employers screen applicants?

There are many reasons why applicants might falsify information. Maybe they are trying to hide periods of unemployment or a criminal record. It also could be as simple as gaining a competitive edge in the fierce job market.   Whatever the reason, employment verification is critical to the hiring process and partnering with Reliantcy makes it easy.  In addition to resume fraud, here are a few more reasons to screen applicants with a reputable employment verification company such as ours:

• Cost. Background checks are complicated and time-consuming to perform in-house. Hiring an outside agency saves time and money – especially when small employers cannot afford to dedicate the necessary resources to performing these checks in-house.

• Compliance Issues. The Fair Credit Reporting Act (“FCRA”) sets standards for employment screening. There is a list of compliance requirements and the FCRA carries substantial penalties for non-compliance.

• Bad Hires Are Expensive. The U.S. Department of Labor estimates that the average cost of a bad hire can equal 30% of the employee’s potential earnings during the first year of employment. Many companies believe that the number is closer to 100% for non-management personnel and 150% to 200% for management. Failure to carefully screen and select applicants can result in employees who are not qualified for the job or whose work habits are not in line with the company’s culture.

Understanding what you need to use employment verification and screening will help the turnaround time and put you a step ahead in hiring the best candidates for your organization.

For all other questions check out our website at www.reliantcy.com