Work Number Employment Verification: What You Need to Know in 2023
What is Work Number?
Work Number is a secure online platform designed to provide employers and lending institutions with employment and income verification for their employees. It is a service offered by Equifax, one of the largest credit reporting agencies in the United States. Through Work Number, employers and lenders can quickly and easily verify an employee's current and past employment and income history.
How Does Work Number Work?
Work Number is based on a secure, online database of employment and income data. Employers and lenders can access the database by signing up for a Work Number account. Once they're signed up, they can enter an employee's name and Social Security number, and the system will generate a secure report that contains detailed information about the employee's current and past employment and income.
What is Employment Verification?
Employment verification is the process of confirming an employee's current or past employment status with their employer. It is often used by lenders who are considering a loan application, or by employers who are considering a potential new hire. Work Number provides employers and lenders with access to an employee's employment and income history, so they can make an informed decision about the employee.
What Information Does Work Number Provide?
Work Number provides employers and lenders with a variety of information, including: current and past employment history, current and past salary information, and current and past job titles. The system also provides employers and lenders with access to an employee's W-2 and 1099 forms. This information can be used to make decisions about loan applications and hiring decisions.
What are the Benefits of Using Work Number?
Work Number provides employers and lenders with an efficient and secure way to verify an employee's employment and income history. The system is also fast and easy to use, so employers and lenders can quickly get the information they need. Additionally, because the system is run by Equifax, a trusted source, employers and lenders can be confident that the information they receive is accurate and up-to-date.
What is the Cost of Using Work Number?
Work Number is free for employers and lenders to use. Employers and lenders simply need to sign up for a Work Number account and they will have access to the system. Employees are not charged a fee for using Work Number.
How Do I Sign Up for Work Number?
Signing up for a Work Number account is easy. Employers and lenders simply need to visit the Work Number website and fill out the necessary forms. The entire process should take just a few minutes.
Conclusion
Work Number is a secure and efficient way for employers and lenders to verify an employee's employment and income history. The system is fast and easy to use, and is free for employers and lenders to use. Employees are not charged any fees for using Work Number. If you are an employer or lender who needs to verify employment and income information, Work Number is an excellent choice.