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It seems to me that the companies checking potential employees' credit ratings are doing themselves a huge disservice by doing so. Your guest in opposition to the bill said that she believes that employers would not spend their time and money checking these credit scores unless they believed that they were of some value in the hiring process. That certainly seems evident. On the other hand it's common practice in some countries to weigh factors such as handwriting analysis in the employment application process. Wanting information is not necessarily the same thing as knowing what is actually valuable. The credit rating bureaus have clear records of innacuracies in their reporting processes. The reports themselves are often interpreted by HR employees -- people who are not truly qualified to understand the reports. How this helps companies make valuable hires is beyond me.
posted 3 years, 3 months ago
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