Food for thought - Is it ok to use a credit report as a tool to filter prospective employees?
A few months ago I spoke with several distressed job seekers who were refused employment because of their credit score. This touched my heart as I feel the recent recession has negatively impacted many individuals in this way. So in my quest to learn more I found that approximately 35 percent of Americans have credit scores that will prevent them from getting good credit terms and 25 percent have bad credit or a FICA score below 600.
I understand many businesses have a bona fide reason for checking a prospective employees credit history. Often cited reasons for checking a person’s credit include to confirm someone’s identify, determine if a person can manage his/her affairs (this is especially true for management/executive positions) or if they have access to cash/assets worth a certain value.
Many people feel these reasons are not really reasonable or fair and some feel this can make a person feel like a criminal when they in fact have only ran into a rough patch (i.e. loss of job). In fact, seven states have banned or limited the use of a credit check in a job application.
What's your opinion? I have delivered the facts now chime in. If you like this article please write a comment, Google+ it below or click the Facebook Like button to your right. Also, signup to receive exclusive content by typing your information at the top of the page below the big blue arrow.
Now Got Get Em’
1. "Headhunter" Hiring Secrets: The Rules of the Hiring Game Have Changed . . . Forever!
2. The Power Formula for Linkedin Success: Kick-start Your Business, Brand, and Job Search
3. Guerrilla Marketing for Job Hunters 3.0: How to Stand Out from the Crowd...
4. Kindle Fire, Full Color 7" Multi-touch Display, Wi-Fi
This is an opensource.com photo created by purpleslog with a creative commons Attribution 2.0 Generic license; the photo can be found on Flickr at http://www.flickr.com/photos/purpleslog/1106852126/.