Equifax Supports More Informed Hiring Decisions with New Talent Report™ Employment Flex

Rhea-AI Summary

Equifax announced the launch of its new Talent Report™ Employment Flex solution, enhancing pre-employment verifications. This patent-pending tool allows employers to customize report outputs, enabling them to preview and select specific employment records from The Work Number® database, which contains 604 million records from 2.6 million employers. The goal is to expedite the hiring process while providing detailed insights into candidates' employment histories. Joe Muchnick, Senior VP at Equifax Workforce Solutions, highlighted the necessity for a fast-paced hiring process in today's competitive job market. This solution joins Equifax's existing suite of verification tools, aimed at improving hiring decisions.

Positive

• Launch of Talent Report Employment Flex enhances pre-employment verification process.
• Allows customization and preview of candidate employment records.
• Utilizes a comprehensive database with 604 million employment records.
• Addresses the need for faster hiring in a competitive job market.

Negative

• None.

Patent-Pending Solution Delivers Unique Employer Preview Functionality for Enhanced Customization and Visibility

ATLANTA, April 12, 2023 /PRNewswire/ -- Today, Equifax® (NYSE: EFX) launched a new pre-employment verification solution, Talent Report™ Employment Flex, designed to help employers and background screeners more easily verify a candidate's specific employment records in support of more informed hiring decisions. With its patent-pending design and functionality, Talent Report Employment Flex allows users to customize the report output, with the option to preview all of a candidate's available employer names and choose only the desired records. This provides greater flexibility and control for those who may only want to verify a candidate's employment with specific employers that are most relevant to the job.

"Employers recognize that pre-employment screening can help them identify the best possible candidates for their open roles," said Joe Muchnick, Senior Vice President and General Manager, Employer Services and Talent Solutions at Equifax Workforce Solutions. "At the same time, candidates expect to move through the hiring process at an increasingly rapid pace. With Talent Report Employment Flex, our unique preview functionality gives background screeners and employers more control over the report output while helping to expedite the screening process, helping employers make hiring decisions faster in a competitive market for job applicants."

Talent Report Employment Flex provides verified employment data from The Work Number® database, leveraging 604 million employment records across 2.6 million contributing employers. Under the Fair Credit Reporting Act (FCRA), credentialed verifiers with permissible purpose may use Talent Report Employment Flex to preview a list of a candidate's employers and choose the desired employment records.

Talent Report Employment Flex is patent-pending. The product joins a full suite of pre-employment verification solutions offered by Equifax Workforce Solutions to help meet the diverse needs of employers and background screeners. Consumers can access and manage their employment and income data stored in The Work Number^® database by clicking here. For more information on Talent Report Employment Flex, please click here.

ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 14,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com

FOR MORE INFORMATION:  
Daniel Jenkins for Equifax  
mediainquiries@equifax.com

 

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SOURCE Equifax Inc.

FAQ

What is Talent Report Employment Flex launched by Equifax?

Talent Report Employment Flex is a new pre-employment verification solution that allows employers to customize and preview candidate employment records.

How does Talent Report Employment Flex enhance hiring decisions?

It provides greater flexibility for employers to verify specific employment records, expediting the hiring process.

When was Talent Report Employment Flex announced?

The solution was announced on April 12, 2023.

What database does Talent Report Employment Flex utilize?

It utilizes The Work Number database, which contains 604 million employment records.

What company is behind the Talent Report Employment Flex?

The solution was launched by Equifax, which trades under the ticker symbol EFX.