The human arsenal has seen, over the years, some really valuable elements, and yet it hasn’t seen anything more significant than that desire of ours to improve at a consistent pace. We say this because the stated desire has already fetched the world some huge milestones, with technology appearing as a rather unique member of the group. The reason why technology’s credentials are so anomalous is focused on its skill-set, which was unprecedented enough to realize all the possibilities for us that we couldn’t have imagined otherwise. Nevertheless, a closer look should be able to reveal how the whole runner was also very much inspired by the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence and made it the ultimate centerpiece of every horizon. Now, having such a powerful tool run the show did expand our experience in many different directions, but even after reaching so far ahead, this prodigious concept called technology will somehow keep on delivering the goods. The same has grown to become a lot more evident in recent times, and assuming one new HRM-themed development pans out just like we envision, it will only propel that trend towards greater heights over the near future and beyond.
Equifax, an Atlanta-based HRM leader, has officially launched the industry’s first pre-employment verification solution named Talent Report, which is geared towards helping employers recruit, retain, and engage an hourly workforce. According to certain reports, Talent Report has its utility rooted in improving the management’s decision-making quality by providing a full view of the applicant’s work experience, including their employment history and student enrollment status. Such a function should facilitate any efforts on the employer’s part to accommodate employee class schedules and recognize relevant work experience, something that might just go the distance when it comes down to reducing employee turnover, and instead, bolstering retention across the board. Notably enough, the stated employment history will cover a candidate’s previous three years of professional journey, and it will all be generated with the help of The Work Number, an industry-leading centralized source of income and employment information in the United States. Anyway, the entire package will also include candidate’s postsecondary enrollment status and institution name for the previous six months. To access this piece of information, Equifax will bank upon the National Student Clearinghouse, which covers 97 percent of all enrollments at Title IV, degree-granting institutions in the United States.
“We’ve found two key areas that Talent Report Hourly can help address,” said Jennifer Hunter, Product Leader for Onboarding & Talent Solutions at Equifax Workforce Solutions. “The first is scheduling. If the manager knows a candidate is enrolled in college, they can design a work schedule to better fit everyone’s needs. The second relates to work experience. If the employer can see a fuller view of the applicant’s current and recent jobs, it may be more inclined to not only hire the applicant, but to also make a better offer and possibly guide the new hire toward faster promotion based on relevant work experience.”
The move provides an interesting follow up to one Equifax discovery, which claimed that today’s hourly workforce is projected to account for more than 79 percent of annual new hires. Now, the problem comes to light once you realize how literally less than 30% of companies provide feedback to hourly workers during the recruitment process, thus significantly dampening their prospects of growth over a longer period. Given the severe situation, Talent Report will hope to make a breakthrough sooner rather than later.
Founded way back in 1899, Equifax’s rise to prominence has arrived on the back of its ability to apply extensive data, analytics, and cloud technology to let both private institutions and government agencies take facts-based decisions. The company’s excellence in what it does can be inferred from the fact that it is, at the moment, operational in over 24 countries, while simultaneously serving more than 1,400 employees across the stated footprint.
