There is a discussion going on in LinkedIn regarding the "latest" trend in private service hiring practices of using Credit Reports as one measure of a potential employee. I thought I would weigh in.
As a recent convert to "Private Service", I can assure you that the practice of checking credit reports, not just credit scores, has been a criteria for employment in the corporate world for well over a decade. I do not believe anyone is suggesting that a credit report should be the lone measure of a person's moral and ethical compass. It is one more tool for the proper vetting of a potential hire. The exceptionally devious will slip through; not to be too glib, that is why they are exceptional.
The irony here is, Private Service staff take a full background check as an acceptable cost for gaining employment. Most employees in the corporate world would never tolerate a potential employer doing a back ground check on a them (though that seems to be a trend moving from here to there.) A background check is what is normally considered a gross breach of privacy.
Title by: FreeCreditReportBand
