Inaccurate and incomplete information can create more problems than solutions
To paraphrase Alexander Pope, from four centuries ago, “A little knowledge is a dangerous thing.” In no application is that so true as in modern business. Over the past two decades, ironically, the Internet has morphed from instant information into way-too-much misinformation. According to leading journalists, trade organizations and professional HR associations, over 90% of employers conduct preemployment and ongoing background checks with candidates and existing employees. The alternatives are potential financial exposure to employee theft, civil and criminal liability for employers.
As well, statistics show that more than one-half of the information derived is either insufficient or simply wrong. Essentially all individuals share a common name with others. Social Security numbers, I.D.’s and any other personal information is increasingly subject to identity theft. For perfectly legitimate reasons, names can be changed with or without legal formalities. As a result, most databases which rely on public records and algorithms, while failing to assure any degree of accuracy or liability, can be worthless if not dysfunctional. Read their disclaimers.