Employee verification is a necessary part of any employer, whether you’re in the public sector or private. It helps mitigate risks and ensure that your company’s hiring process is fair and safe for everyone involved.
Regulatory compliance
Employee verification is a key component of regulatory compliance, but not everyone knows it. Employee verification helps you ensure your company is compliant with state and federal laws. It allows you to verify an applicant’s identity before hiring them, which can help avoid fines or even legal action against your business if something goes wrong later on.
Reduces Risk
Employee verification is a means of verifying the identity and employment eligibility of an employee. This process helps reduce risk in your company, including discrimination and employee turnover, as well as loss of productivity. In addition to this, it protects you against liability for hiring unauthorized workers.
The most common form of employment verification is a Social Security number check through the Department of Homeland Security (DHS). If a worker does not have at least one valid Social Security number associated with him/herself or his/her dependents, this invalidates their work authorization status.
Potential cost savings
Another benefit that employee verification letter offers is cost savings. As per the experts at LinkedIn, “Confirm with the requestor what line items your employer needs to include so it’s considered a legitimate verification statement.” By using a service to verify employment, you can save money on background checks and document retention. You also won’t have to worry about getting sued by an applicant who feels they were unfairly disqualified because of something unrelated to their ability to do the job.
Increased productivity and safety
Employee verification is a powerful tool for businesses to verify the identity and employment history of potential employees. This can help reduce fraud, which increases security and productivity in your company. It also provides many other benefits to your business, like increased employee morale and engagement, reduced absenteeism, and greater efficiency in hiring processes.
Better employee retention
You can also reduce costs associated with employee turnover by verifying your employees. Employee verification helps to ensure that you have a clear idea of what kind of people are working for you and whether they’re trustworthy or not. It’s much easier to spot an issue before it turns into an expensive problem if you know more about the people who work for you rather than waiting until after something bad has happened.
Competitive advantage
Employee verification provides you with a lot of useful information about your employees, which gives you an edge over other employers. The more information you have about your employees, the better able you are to manage them and prevent problems from arising. One benefit of employee verification is that it helps protect against potential lawsuits related to employment discrimination. If any employee feels like they are being treated unfairly because of their race or gender, they can take legal action against the company by accusing them of hiring practices based on discriminatory criteria such as these two factors.
If your organization is looking to improve its security and compliance, there are a few better ways than implementing Employee Verification. The benefits of this service to both companies and employees are clear—but not all companies have the resources or know-how necessary to implement it themselves. That’s where we come in! With our expertise in implementing this solution for businesses across industries, we can help you make sure that your information is always secure from cyber threats.
