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HR professionals know that finding, interviewing, and hiring new employees requires a major investment of time, effort, and money. The more turnover you have, the more this cost increases. Learn how a Pre-Employment Verification report allows you to:
Make more informed hiring decisions
Improve employee retention
Save on overall hiring costs
HR professionals know that finding, interviewing, and hiring new employees requires a major investment of time, effort, and money. The more turnover you have, the more this cost increases.
With a Pre-Employment Verification report from Equifax, you can quickly see discrepancies between a candidate’s application and their verified employment history – so you can make more informed hiring decisions.
Simply focus on these 6 key areas of the Pre-Employment Verification report:
Tenure comparison – Compare your company’s average tenure to each candidate’s so you can identify those who’ve demonstrated a more stable track record.
Job stretching – Find out if a prospect claimed a managerial or supervisory role they didn’t hold in order to avoid regrettable hires.
Omitted positions – See if your candidates have omitted short tenures – then have an open dialogue about why they chose not to include certain information.
Skill deficit – Determine whether a candidate has the skills needed for the job by reviewing their verified position titles.
Time gaps – View inaccurate job dates and uncover positions that are being hidden or misrepresented.
Current status – Verify the job title and length of service of a candidate who is currently employed, without alerting their employer.
According to a recent study,* employers that use Pre-Employment Verifications realize significant improvements in retention:
over 1 year
That same study* provides an example scenario in which a large retailer saves $3.8 million after increasing their tenure by just 3%.