Hiring new employees always comes with its share of risk, and to combat this risk, employers have integrated screening processes into their hiring strategies. Pre-employment screening provides small business owners with the information they need to make a confident hiring decision, and credit checks are an important piece of the screening puzzle.
Whether you’re hiring for a position in the financial industry, or looking for a new employee that will have access or control of sensitive company financial information, it’s important to properly vet job candidates by assessing their financial history.
There are many reasons why employers check job applicant credit reports. Below we discuss four main reasons how running a credit check on your job applicant could help your business financially: