Why does the cost of employment and salary verification matter?
When an employer looks to automate their employment and salary verification process, one factor they consider is the cost of using the service. In many cases, service providers deliver this service at no cost to the employer or their employees. Some HR and Payroll managers feel that if the service is free to me, “Why should I care how much a third party pays!”
There are good reasons why managers and employers should care. Like most organizations, financial institutions are in the business to return a profit.
Many of them are public organizations. Strong profits mean happy investors. These and other factors are considered when these organizations set their closing costs and other fees.
Some employment and salary verification service providers charge a hefty fee for their verification reports. The employment and salary verification cost is factored into closing costs and financing fees.
How do I choose an employment verification service provider?
There are several factors that employers should consider when choosing a service provider for handling their employment and salary verifications, including:
Provider's responsiveness and thoroughness
Flexibility and ability to meet your business needs
Completing 100% of authorized employment and salary verification requests, securely, and accurately
Experience and customer service knowledge
Ability to reach a live person without navigating robots and layers of call redirects
Security and interest in protecting your and your employees' privacy
While all the above are important, so is the price third parties pay for using a service. Higher employment verification services cost translates to higher fees, meaning employees could be paying more in fees or financing costs. Selecting a provider that understands this can save employees in one-time or recurring fees. It may seem insignificant though over time dollars add up.
Service providers like QuickConfirm also offer other valued services, such as official proof of employment letters, assisting with loan forgiveness and Medicare forms, and providing custom reports, to name a few. Offering complimentary services, like unemployment claims, unemployment insurance, I9/E-Verify, and background checks augments the already robust offering.
At QuickConfirm, we understand the importance of meeting your business needs and the needs of your employees. That's why we have dedicated, knowledgeable service specialists and is why we never stop working to ensure that we are providing a secure and private experience at all times.
This is also why we don't collect a service fee for bona fide requests for government assistance and why our pricing is an industry-low. We charge one price regardless of the type of report requested whether it’s a verification of employment history or verification of salary history.
At QuickConfirm we understand that the information belongs to you and your employees. Requests for verification information should be a simple, easy-to-use process, priced fairly and securely accessible.
At QuickConfirm your data is never co-mingled with other clients’ data. We never sell your data and don’t allow cross-database searches.