Employment verification remains an indispensable part of an in-depth background screening process, especially for government contractors and employers in healthcare, finance, and other high-risk industries. Nevertheless, steeply rising costs, hidden fees, and underwhelming clearance rates continue to make third-party employment verification a frustration for many organizations seeking to thoroughly but affordably vet new hires and employees.
One of the weaknesses of traditional employment verifications is that the outcome relies heavily on the data the candidate supplies. The Orsus Group offers a cost-effective, streamlined and integrated solution to employment verification services, combining automated and manual services to improve clearance rates, data accuracy, compliance, and provide a more comprehensive view of candidates and employees.
Our newly introduced IRS Employment History service can provide employment information in as little as 5 minutes. Plus, with the IRS Employment History, the candidate is not able to pick and choose which employers to include. This product also mitigates 'no record found' errors, which commonly arise when candidates inaccurately list their employer due to placement by a staffing agency.
How Rising Third-Party Employment Verification Fees Impact Businesses
When employers work with a standalone third-party employment verification service, they are often (unknowingly) embracing a flawed and one-dimensional approach. Even some of the most popular services like The Work Number can only generate a verification clearance rate of between 30-35%, leaving the remaining 65-70% of requested verifications to an internal and manual process handled by the employer itself.
Multiple major third-party employment verification providers have recently increased their rates more than 10% per year and continue to raise prices without adding any value. Current fees range from $60.00 (for single verifications) to over $125.00 (for pulling multiple verifications).
While paying a single fee to The Work Number for multiple verifications may appear cost-effective, most clients typically use only two records on average. Additionally, if The Work Number contains records for a candidate but not for the specific employment that needs to be verified, the associated cost is still incurred by the client.
Working with a Consolidated Background Screening Provider
In general, employers should be wary of delegating key parts of their background screening process – criminal background check, education verification, employment verification, license verification, professional reference verification and more – to multiple third-party providers, or a combination of third-party providers and internal staff. Decentralizing the process creates a number of potential issues in terms of quality control, cost, efficacy, security, and compliance.
That’s why the Orsus Group serves as a consolidated background screening solution, helping your organization avoid the added costs of outsourcing for employment verification or completing employment verification in-house while detracting from key organizational tasks. Our employment verification solution seamlessly integrates with criminal background screening and a host of verification services and international services to help you gain a complete picture of any candidate.
The Orsus Group – A Comprehensive Solution to Employment Verification
The Orsus Group’s employment verification process uses multiple third-party data providers to offer a significantly improved clearance rate of 65% and an average employment verification turnaround of just two business days. We utilize automation while never abandoning a manual approach to offer responsible employment verification for any remaining portion of requests that require a hands-on approach or additional inquiries. Through our approach to innovation and technology, we have been able to reduce third-party fees by up to 92% for our clients.
With our standard employment verification and our new IRS Employment History option, our comprehensive verification solutions enable your organization to overcome verification delays, minimize additional costs, and benefit from the assurance of partnering with a single, dependable provider offering a consistent and sustainable cost structure.
Employment verification costs are on the rise; it’s important for organizations to locate a cost-effective employment verification solution that combines leading-edge technology and attentive, personalized service that ensures timely and accurate results.
Explore how the Orsus Group’s comprehensive background screening solution can save you time and money while ensuring accuracy. Schedule a consultation today to discover how our platform simplifies your hiring process and puts screening costs back into your pocket.