Universal Background Screening Introduces VerifyToday™, An Automated Solution for Managing Employment and Income Verifications
PHOENIX, June 28, 2010 – Universal Background Screening today announced the addition of VerifyToday to the company's comprehensive suite of background screening and related services. The solution eliminates the hassle for employers to respond to incoming verification requests about their current and former employees from third parties, such as other employers, mortgage lenders, landlords, property managers, and background screening firms.
For most employers, the traditional employment and income verification process involves receiving a phone or faxed request from a third party, searching one or more HR or payroll systems, paper files and other sources, transcribing the information, then providing the report back to the requestor with a phone call, fax or e-mail.
VerifyToday eliminates an employer's burden of responding to these requests. Instead, the data is securely maintained by VerifyToday, which in turn provides it to authorized requestors via a secure web site that is available 24 hours a day, 365 days per year. The solution automates the administration of employment and income verifications while improving the accuracy, compliance, security, standardization, and speed of the entire verification process.
"Employers look to Universal Background Screening for creative solutions to add efficiency and reduce costs," said Ryan Krostue, CEO of Universal Background Screening. "VerifyToday relieves HR and payroll staff from the time consuming task of providing employment and income verifications for former and current staff members, without adding any additional expense to the company's bottom line."
While the unemployment rate remains high in most of the United States, companies are seeing an increase in requests for verification of their current and former employees. With a larger pool of candidates to choose from, many employers are conducting more thorough checks of candidates to confirm their experience and salary history.
Additionally, a recent report from BNA indicates that voluntary turnover in the first quarter alone has already exceeded that of last year, adding to the volume of verification requests as employees leave their current employer for new opportunities elsewhere.
VerifyToday provides additional benefits to employers beyond time savings and added efficiency. Traditional verification methods are subject to both human error and over- and under-reporting of information, which can expose an employer to potential liability.
Other benefits to employers include:
Frees up time for HR and payroll professionals to focus on more strategic activities.
The no cost service to participating employers helps them saves money.
Reduces potential liability caused by inaccurate, over or under-reporting of information.
VerifyToday securely provides authorized verifiers with fast and accurate information in an unbiased and consistent format, 24 hours a day, 365 days a year.
For individuals seeking new employment, credit approval, or social services eligibility, VerifyToday helps these transactions occur more quickly, while protecting confidential information throughout the process.
Universal Background Screening is exhibiting at the SHRM Annual Conference and Exhibition, June 27-30 in San Diego, CA. To learn more, please stop by Booth # 3015, call 877-263-8033, or visit http://www.universalbackground.com/employment-income-verifications/.