No doubt about it, in today’s turbulent financial times it is a buyer’s market when it comes to getting a job.
Employers have access to a virtual cornucopia of qualified talent, all competing for a limited number of jobs, and a unique understanding of how cyberspace and credit reports can be effectively utilized to better vet applicants.
According to the Washington-based Society of Human Resources Management (SHRM), 47% of U.S. companies conduct credit checks on “pre-employment” job candidates.
Employers defend credit checks, saying they contain a wealth of information about candidates and can help root out folks who are disorganized and financially irresponsible, as well as potential embezzlers and thieves. Employees in the financial sector already know the drill: banks and investment companies routinely conduct credit checks on employees who may either actively handle money, or have close proximity to sensitive financial records. Now other industries are following suit.
Since you can’t escape your financial reputational fingerprint, here are some tips to better your odds of nailing your dream job if your credit report comes into play:
Thanks to federal law, you’re entitled to a free copy of your credit report, once a year, with no strings attached, from all three of the major credit reporting agencies. To claim your free report(s), simply visit the federally mandated website at AnnualCreditReport.com.
I encourage anyone looking for a job to take full advantage of this federally mandated right. The competition is fierce, why not anticipate the objection and have as many arrows in your quiver as possible?
Originally posted at Credit.com.