Conducting a background check is a standard hiring procedure to help employers gain additional insight on a candidate’s personal and professional history before extending an employment offer.
The most common information uncovered from a background check includes past addresses, location and dates of previous employment, and criminal history. However, many businesses also review a candidate’s credit history for select positions as an additional screening method to help assess a candidate’s potential to commit financial theft or fraud.
According to a study published in the International Journal of Selection and Assessment, employees with a history of financial concerns are almost twice as likely to engage in workplace misconduct, compared to those without past financial concerns.
Download this infographic to learn why adding a credit background check into your hiring process might be right for your organization: