A recent survey from a recruitment company indicated that as many as 83% of employers are missing out on top talent due to delays in background screening. The best candidates become frustrated with delays in waiting for checks to be completed and go elsewhere. At a time where companies in many sectors of the market are finding it difficult to…
Congratulations! You made it through the long interview process, and you have received a job offer in the post. But at the bottom of the letter, after the important stuff about salary and holiday entitlement, is a single sentence about the offer being subject to background screening. This is becoming increasingly common in the UK and background screening refers to…
How interviews are conducted has ensured businesses and organisations can interview people in any location, regardless of how remote they are. However, there is more to assessing whether a candidate is a good fit for a role, and a pre-employment credit check is essential for making an informed decision. There may be several checks that need to be carried out…
When applying for jobs, it’s not uncommon for companies to carry out a credit search as part of their pre-employment checks. Although many people assume that the search is the same as the one used for credit applications, this isn’t the case. The following is an overview of what employers can see on a credit report, and how they can…
A credit report summarises a person’s credit commitments and any CCJs or defaulted payments. Credit scores are updated every 45 days approximately, but in most instances, a credit report will give lenders and employers a realistic overview of a person’s financial history. There are three credit reference agencies, also called CRAs, so the information listed on each can vary. The…
Credit checks are often associated with financial products, but this isn’t the only instance when they are used. As such, a good credit score is essential for several reasons. The following is an overview of when a credit check will be carried out and why a good score is necessary. A Good Credit Score Helps People Secure Lower Interest Rates…
Many people can be under the impression that credit checks are only used when applying for loans, mortgages, and credit cards, but this isn’t the case. Although credit searches are used by those wanting to borrow money, they’re also used to verify a person’s identity and establish whether they’re the right fit for a job role. The following is an…
Although credit checks are commonly used when applying for finance, they are also integral when applying for jobs. As such, one of the most frequently asked questions is, can you fail a credit check for a job? The short answer is yes, but it can depend on the circumstance and the role being applied for. Why Are Credit Checks Used…
Credit checks can be essential to the hiring process but carrying them out quickly can be problematic for some businesses. However, this doesn’t mean there aren’t options for those using credit checks to vet new employees. What Details Does a Business Need When Carrying Out a Credit Check Once a business has obtained permission from the job applicant, it will…
Although initially created to help businesses decide where to issue finance, credit checks have become integral to background screening when applying for jobs. They are also used for many other aspects of life, including buying a house or vehicle. As such, it is of the utmost importance that credit scores are maintained. The following is an overview of why it’s…