Checking the credit of job applicants has been a subject of controversy for many years. However, there are valid reasons an employer may want to do a credit check. Consider these three reasons to do a credit check when making your hiring decisions.
1. Ability To Manage Money
If an employee is going to be managing your money, it can be a good idea to see how well they have managed their own money. Credit check services for employers can give employers a good idea of whether the applicant they are considering has a history of making bad financial decisions. While some people may do a better job of managing their employer’s money than their own, all else being equal, it may be a wiser decision to choose an applicant who has demonstrated good decision-making skills with their finances.
2. Risk for Criminal Activity
Not everyone who has a lot …