Importance of Credit Checks before Hiring

Believe it or not, 60% of employers these days are running credit checks on their employees before they make a final hiring decision. If you’re a business owner, you may be wondering if it’s really worth it to take this extra step – what can credit checks tell you about whether or not you’re hiring a quality employee, anyway? The answer is that credit checks alone can’t help you make the hiring decision, but it is an important step in the screening process to help you make an informed final decision.

Credit Checks

Credit checks alone can’t help you make the hiring decision, but it is an important step in the screening process to help you make an informed final decision.

Credit Checks for Loss Prevention

If you’re trying to run a company, one of your concerns is likely minimizing cases of employee theft, and reasonably so. Many people believe that screening potential employees based on their credit histories is a good way to reduce the chance of incurring losses from pilfering and embezzlement. Credit checks are particularly important if you are trying to fill the position of cashier, bank teller, accountant, or any other position that deals with handling money to ensure that the person you are hiring is trustworthy.

Job Performance

Obviously, you want to hire productive employees. There is a potential, however, if you choose to hire an employee with credit problems, that they may be preoccupied with their financial worries. Good credit scores are usually a sign that the applicant is responsible and able to exercise good judgment.

What Do Credit Checks Cover?

Credit checks run through AIR Pre-Hire are an essential screening strategy to be performed along with standard background checks and verification processes. When performed, you will be more prepared to understand your applicant’s payment responsibility and financial situation. AIR Pre-Hire obtains a credit report which shows various credit lines, loans, outstanding balances and payment history. We may also uncover previous addresses, certain civil actions, and bankruptcy information. Be sure to remember, however, that some states do have restrictions on the use of credit reports as a deciding factor in the selection process. Check with your local state to find out.

All About AIR Pre-Hire

AIR Pre-Hire in Reisterstown, MD, conducts accurate and verified universal background screening, so you will have thorough background checks on your employees. Here at AIR Pre-Hire we don’t simply check the basic information, we dig deep to identify inconsistencies and make sure your potential employees (as well as existing employees) are acceptable for hire. This is the human element of our custom pre-screening service. You can count on us for timely, verified pre-screening and employee re-screening.

Learn more by visiting our website www.air-prehire.com or calling us at 1-800-469-4473.Check us out on FacebookTwitterGoogle+, and Pinterest as well.

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