Credit checks improve hiring practices
Jan 18, 2011 Matt Roesly
"When you hire someone for sensitive positions, you need to learn as much about them as you can," Huckaby told the magazine. Credit screening for hiring stretches across a swath of levels and experience. According to a 2010 survey by the Society of Human Resources Management, 60 percent of companies screen a prospect's consumer credit report. Within that group, the figure jumps to 91 percent for positions of a sensitive nature, such as a position where money is handled, compliance jobs or technology jobs. Among C-level employees, 46 percent of credit reports are screened. Yet, only 34 percent of individuals who handle personal information - medical records, salary and background information - are screened.