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ATLANTA – JUNE 20, 2023 – Equifax® (NYSE: EFX)
has introduced the industry’s first pre-employment verification
solution specifically tailored to employers recruiting, retaining and
engaging an hourly workforce. In a competitive hourly talent market,
the new Talent Report™ Hourly solution supports better-informed hiring
decisions by providing a full view of the applicant’s work experience,
including their employment history and student enrollment status. This
can help support employers as they seek to accommodate employee class
schedules and recognize relevant work experience, which can lead to
lower turnover and improved retention.
According to recent Equifax data, today’s hourly workforce
is projected to account for more than 79 percent of annual new
hires. While these employees play a vital role in business
operations, they may be applying for multiple jobs at once and
therefore only have a few minutes to spend on an application.
Additionally, less than 30 percent
of companies provide feedback to hourly workers during the recruitment
process. However, savvy employers recognize that an intentional
dialogue with hourly candidates – supported by relevant data – can
help them build a foundation for greater success.
“At Equifax, we continually engage with our customers,
including some of the largest employers in the retail and restaurant
space, who share insights about their greatest opportunities for
improving hourly employee retention. From these conversations, we’ve
found two key areas that Talent Report Hourly can help address,”
said Jennifer Hunter, Product Leader for Onboarding & Talent
Solutions at Equifax Workforce Solutions. “The first is scheduling.
If the manager knows a candidate is enrolled in college, they can
design a work schedule to better fit everyone’s needs. Not only can
this help support appropriate staffing, but it can potentially help
the employee to qualify for tuition assistance. The second relates
to work experience. If the employer can see a fuller view of the
applicant’s current and recent jobs, it may be more inclined to not
only hire the applicant, but to also make a better offer and
possibly guide the new hire toward faster promotion based on
relevant work experience.”
Talent Report Hourly is available only to credentialed
employers and background screeners. The candidate agrees to having
the report provided as part of the application and pre-employment
Talent Report Hourly provides a candidate’s previous three
years of employment history sourced from The Work Number®, the
industry-leading centralized source of income and employment
information in the United States. It also includes a candidate’s
postsecondary enrollment status and institution name for the previous
six months, sourced from the National Student Clearinghouse, which
covers 97 percent of all enrollments at Title IV, degree-granting
institutions in the United States. These unique insights are powered
by the TotalVerify™ data hub
from Equifax, a more accurate, single source for delivering multi-data solutions.
Talent Report Hourly is available now. For more information
on other pre-employment verification services available from
Equifax, click here.
ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge drives
progress. As a global data, analytics, and technology company,
we play an essential role in the global economy by helping
financial institutions, companies, employers, and government
agencies make critical decisions with greater confidence. Our
unique blend of differentiated data, analytics, and cloud
technology drives insights to power decisions to move people
forward. Headquartered in Atlanta and supported by nearly 14,000
employees worldwide, Equifax operates or has investments in 24
countries in North America, Central and South America, Europe, and
the Asia Pacific region. For more information, visit Equifax.com.
FOR MORE INFORMATION Daniel
Jenkins for Equifax Workforce Solutions firstname.lastname@example.org