Magazine article Personnel Journal

Pre-Employment Screening Helps Bank Avoid Costly Hiring Mistakes

Magazine article Personnel Journal

Pre-Employment Screening Helps Bank Avoid Costly Hiring Mistakes

Article excerpt

Pre-employment screening is helping a Chicago-based bank identify suspicious applicants and avoid costly mistakes in hiring.

"Being a financial institution, we think it's important for the employee to have a satisfactory past, especially if they're going to be handling a cash drawer," comments Denise Klingburg, administrative assistant at Columbia National Bank.

Columbia National had been making credit checks with help from Chicago-based Trans Union for some time before the Pre-Employment Evaluation Report (PEER) was developed. Based on the credit information company's national data base, PEER allows human resources professionals access to unbiased, continuously updated information about an applicant: past names and addresses, a summary of credit history and any criminal activity. The report also points out discrepancies between information given on the application, such as surname, Social Security number, address and the latest information contained in Trans Union's national data base.

Before PEER, credit checks at Columbia National were the responsibility of the consumer loan department. The MIS department implemented PEER about two years ago, explains Klingburg, and credit checks since have been handled quickly and efficiently in the human resources department. …

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