Background checks are assumed seemingly standard and straightforward but as Petco Animal Supplies found the hard way the Fair Credit Reporting Act (FCRA) contains very strict protocols and technicalities that can cost your company millions if not followed precisely.
3 Costly Lessons on Hiring from FCRA Lawsuits
Would you spend $5.9 million dollars to improve your hiring process? Not if you could help it, right?! Unfortunately for them, some employers have had to do just that as a result of non-compliance with the Fair Credit Reporting Act (FCRA). Companies have paid dearly for not paying strict attention to FCRA and EEOC compliance in the course of conducting background screening on job applicants and current employees.