S2Verify partners with Truv to reduce verification of employment costs by 96%
Research Manager
Bryan Zimbardi
“The skyrocketing costs made employment verification unprofitable for us and was preventing me from servicing my clients. My customers were shocked by the extra fees, and many just stopped doing employment verification as part of their screening process, especially those where it isn’t a federal requirement.”
About S2Verify
S2Verify is a fast-growing employment screening provider, combining over 20 years of experience in the human resources and screening industry. S2Verify delivers award-winning customer service and affordable background screening that helps employers reduce time and effort during the hiring process.
Challenge
Employment history verification is an essential part of a comprehensive background screen. However, for many CRAs, it’s traditionally been a low-margin business. Over the past few years, that lowmargin business soon became unprofitable for S2Verify as its verification provider increased prices by hundreds of percent annually. The prices also impacted S2Verify’s clients. Longstanding clients became frustrated with the high passthrough costs, resulting in many foregoing employment history verifications altogether.
Solution
S2Verify evaluated multiple vendors and selected Truv as its employment history verification solution. Truv’s seamless applicant experience was a determining factor for S2Verify.
Impact
- Reduced turnaround times from 24-36 hours per screen to less than five minutes
- Saved over 96% in employment history verification costs compared to the previous vendor
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