Employers consider credit & online profiles

While Blogging for Change topics usually focus on managing expenses, the income side of the equation is just as important. After all, if you don’t have an income, you don’t have money to manage.

Unfortunately, some of the biggest money mistakes happen before you earn your first paycheck. Most people know that things like typos, spelling errors, and word misuse on a resume can decrease your chances of getting a job. It is also well known that having a poor credit history can impact your ability to get some types of jobs and can impact opportunities for promotion at an existing job. But what may be less understood is the role social media activities play in the search for a career.

A 2009 survey by CareerBuilder found that 45% of employers use social networking sites to research potential employees and that what they are finding makes a difference. In fact, more than one out of three employers said that content on social networking sites caused them not to hire a candidate. Of employers who use online searches:

  • 29% use Facebook
  • 26% use LinkedIn
  • 21% use MySpace
  • 11% search blogs
  • 7% follow candidates on Twitter

Even if an employer doesn’t dig too deep, a quick search for your name might make a difference. Both Bing and Google pull information from some social media sites into their search results. Just something to think about before you hit “Share.”

(BTW, I think this is great information to share with young people who may not care about their online image (or their credit report) today, but will in the near future.)

Are you an employer who checks social media sites when gathering information about a potential employee?  Or, are you an employee who is concerned about employer screenings of your online actions?  Please share your thoughts on the comments section.

Kim McGrigg is the former Manager of Community and Media Relations for MMI.

  • The Consumer Federation of America (CFA) is an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization's Board of Directors.
  • The National Council of Higher Education Resources (NCHER) is the nation’s oldest and largest higher education finance trade association. NCHER’s membership includes state, nonprofit, and for-profit higher education service organizations, including lenders, servicers, guaranty agencies, collection agencies, financial literacy providers, and schools, interested and involved in increasing college access and success. It assists its members in shaping policies governing federal and private student loan and state grant programs on behalf of students, parents, borrowers, and families.

  • Since 2007, the Homeownership Preservation Foundation (HPF) has served as a trusted, neutral source of information for more than eight million homeowners. They are partnered with, and endorsed by, numerous major government agencies, including the U.S. Department of Housing and Urban Development and the Department of the Treasury.

  • The mission of the U.S. Department of Housing and Urban Development (HUD) is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD works to strengthen the housing market in order to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; and build inclusive and sustainable communities free from discrimination.

  • The Council on Accreditation (COA) is an international, independent, nonprofit, human service accrediting organization. Their mission is to partner with human service organizations worldwide to improve service delivery outcomes by developing, applying, and promoting accreditation standards.

  • The National Foundation for Credit Counseling® (NFCC®), founded in 1951, is the nation’s largest and longest-serving nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services.