ATLANTA, Aug. 18, 2021 /PRNewswire/ -- Equifax (NYSE:
EFX) announced an exclusive integration with National Student
Clearinghouse® (Clearinghouse) as part of its strategic
expansion of pre-employment verification offerings. The education
dataset further enhances the verifications data hub being created
by Equifax Workforce Solutions to help serve the fast-growing
employee onboarding space. Talent Report™ Education will be
available to background screeners and employer clients later this
year. The report will offer for each candidate, via a single
inquiry, all available postsecondary degree information from
participating Clearinghouse institutions.
Talent Report Education is a significant step forward for
industries where education requirements are necessary. With
reliable access to 94 percent of degrees conferred by U.S.
four-year colleges in the Clearinghouse database, background
screeners and employers will have a new single-input solution to
help quickly source candidate information and speed the hiring
process. By jointly creating an exclusive, ordering experience,
Equifax and the Clearinghouse have dramatically reduced the need to
tap separate sources or provide multiple inputs to quickly access
pre-employment verifications from The Work
NumberⓇ database and the education data that
can help employers make more informed hiring decisions.
"Talent Report Education is a major step forward in our
commitment to help facilitate faster, more-informed hiring
decisions for talent acquisition professionals," said Joe Muchnick, Senior Vice President at Equifax
Workforce Solutions. "We've seen increased demand for a more
holistic view of the candidate and additional candidate data. This
collaborative effort with the Clearinghouse to help streamline
access to education data for our Talent Report products will give
background screeners and employers greater visibility into a
candidate's history than ever before."
Pre-employment screening has become a standard practice over the
past several years, with a 2020 survey released by HR Research
Institute and the Professional Background Screening Association
reporting that more than 90 percent of employers are conducting at
least one type of employment background screening. Education
screening is also on the rise. The same survey showed that the
number of hiring managers completing education verifications for
all candidates nearly doubled to 40% from 2019 to 2020.
"The teams at the Clearinghouse are committed to serving
employers and other verifiers with access to the trusted data
source for accurate degree data they depend on," said Larry Hatch, Vice President, Business Solutions,
National Student Clearinghouse.
For background screeners looking for additional efficiency, the
Equifax Talent Report Express will feature the same simple,
single-input functionality and deliver a bundled solution that
includes all available Clearinghouse postsecondary degree
information, employment history and identity validation from
Equifax Workforce Solutions.
More information on Pre-Employment Verifications from Equifax
Workforce Solutions is available 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 more than 12,000 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.
ABOUT NATIONAL STUDENT CLEARINGHOUSE
The National
Student Clearinghouse, a nonprofit formed in 1993, is the trusted
source for and leading provider of higher education verifications
and electronic education record exchanges. Access to our verified
1st party data falls under the same data access
provisions and conditions for background screeners. Besides working
with nearly 3,600 postsecondary institutions, the Clearinghouse
also provides thousands of high schools and districts with
continuing collegiate enrollment, progression, and completion
statistics on their alumni. For more details, visit
studentclearinghouse.org.
For more information
mediarelations@equifax.com
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SOURCE Equifax Inc.