Hanging onto your career now a days is a rather difficult task especially with the unemployment rates hovering around 10%. Not only has keeping your job become a job onto itself but if you happen to be in a position of trying to find a new job I was just reading an article on another unfortunate obstacle in the job market. It turns out that employers are looking at your credit history as another possible deciding factor in the decision making process to hire or not hire possible new employees.
According to the article the use of credit scores as a resource in the hiring process is way up with employers reporting the use of credit scores by as much as 40%. Now I can understand the use of a credit score being used for a career that deals with finances or large sums of money in some way. How people handle their own finances is probably a pretty good gage for how they will handle money in the business world. On the other hand if your trying to get a job in construction, engineering or some other career not directly related to the handling of money I don’t see the validity in using a credit score in determining who the best candidate for the job is.
Credit Scores Preventing Careers?
The concern that was raised in the article I thought was a very valid point in that employers may start to use the credit score as way to discriminate in their hiring practices. As so many of us are battling to stay out of foreclosure and juggling bills just to stay a float the odds are that many of are not exactly riding high on the credit score train right now. I think this puts a lot of good workers that have fallen onto some unfortunate hard times into an even tougher corner to work out of. Some states have started to recognize the credit check as a discriminating factor and have put laws in place to help level the job market once again. Be sure to read that article I am mentioning and good luck to you if you happen to be in a market where your resume may not be enough to get you that job your going for.
Credit Scores Stopping Careers Short
Hanging onto your career now a days is a rather difficult task especially with the unemployment rates hovering around 10%. Not only has keeping your job become a job onto itself but if you happen to be in a position of trying to find a new job I was just reading an article on another unfortunate obstacle in the job market. It turns out that employers are looking at your credit history as another possible deciding factor in the decision making process to hire or not hire possible new employees.
According to the article the use of credit scores as a resource in the hiring process is way up with employers reporting the use of credit scores by as much as 40%. Now I can understand the use of a credit score being used for a career that deals with finances or large sums of money in some way. How people handle their own finances is probably a pretty good gage for how they will handle money in the business world. On the other hand if your trying to get a job in construction, engineering or some other career not directly related to the handling of money I don’t see the validity in using a credit score in determining who the best candidate for the job is.
Credit Scores Preventing Careers?
The concern that was raised in the article I thought was a very valid point in that employers may start to use the credit score as way to discriminate in their hiring practices. As so many of us are battling to stay out of foreclosure and juggling bills just to stay a float the odds are that many of are not exactly riding high on the credit score train right now. I think this puts a lot of good workers that have fallen onto some unfortunate hard times into an even tougher corner to work out of. Some states have started to recognize the credit check as a discriminating factor and have put laws in place to help level the job market once again. Be sure to read that article I am mentioning and good luck to you if you happen to be in a market where your resume may not be enough to get you that job your going for.