Perspective
May 14, 2010
What's in Your Wallet, Job Applicant?
With the economic crisis taking a toll on a huge segment of the population and adversely affecting credit ratings, D. Gregory Valenza of Shaw Valenza discusses the use of credit checks for job applicants.
Recent economic data suggest the job market is thawing. With high unemployment persisting, many employers will have several candidates applying for each new job opening.
Companies evaluate competing applicants via different methods. A credit report is one such tool. They are mandatory in some industries, but the majority of employers conduct credit checks voluntarily. Businesses argue the checks are essential, particula...
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