Are credit reports included in a background check?
A credit report is sourced at one of the three major credit bureaus. A credit report can reveal if an applicant has lived at a particular address or addresses for a length of time and can be an indicator of how responsibly he/she has handled personal financial affairs. In some states, this product can only be used for certain positions, such as fiduciary or executive management positions, or for certain regulated employers. Note, no credit score is provided on the credit report for employment purposes. State and local laws restrict when a credit report can be obtained for employment purposes.
How do you do a background check?
An employer must first establish a background check policy with their company. Once implemented, they can begin performing background checks, usually for pre-employment, but sometimes ongoing depending on the position. According to the Fair Credit Reporting Act (FCRA) § 604 – 15 U.S.C. § 1681b, employers are required to provide applicants with a separate written disclosure, which advises that a consumer report may be obtained for employment purposes. The document must consist solely of the disclosure as a stand-alone document. Additionally, the employer also must obtain the applicant’s written consent to order the background check.
How long is a background check good for access to a consortium owner site?
In most cases, a background check is good for two years. You should check with the contractor's employer for a specific owner’s time frame.
What is a pre-employment background check?
A pre-employment background check is a background check that is ran prior to finalizing a new hire. Pre-employment checks will help verify if the hire is right for the job and a good fit for the workplace. By reducing turnover rates you’re not only lowering costs but improving the workplace morale with a long-term team member and someone that will work well with other employees.