Credit Score Ratings – Can it Really Make Any Difference to Me?
The average credit score is a often used as a metric to determine if you have good or bad credit. While lenders ideally want to give money to people with excellent credit, if the credit rating system makes it too difficult for the average person to have excellent credit, they may fall back on the national average.
Your score is used in a number of ways beyond just getting a credit card or obtaining an auto loan. For example, your score can be used to:
– Reduce Your Auto Insurance Rates
– Help You with Job Interviews
– Allow You to Rent an Apartment
Employers now regularly pull employee and job applicants’ credit scores. Employers figure that if you cannot be responsible enough to pay your bills on time, how can they trust that you’ll be responsible enough to show up to work and do a good job? Your credit rating is used not only to determine how likely you are to pay your bills, but it is often looked at to determine how organized and put together your life is. Someone dealing with bankruptcies and foreclosure, for example, thecreditrepairblueprint may have many personal issues going on in their lives that would distract them from their jobs.
While the average credit score in the United States is 723, that is only considered good credit. If you want to qualify for the very best rates, lenders require a score over 760 to be considered having an excellent rating. However, if you fall below the average you can still get the financing you need, but it will probably cost you more money. That just means you’ll have to settle for a smaller home or a car without the extra features and options.
Nurses, doctors, engineers, accountants, attorneys-what do these all have in common-a certification or license for performing their jobs. There are positions, such as human resources, where certifications can be obtained, but not required to perform the job functions. Having that certification and knowledge base lends more credibility to the individual, whereby increasing your organization’s competitive advantage in the industry.
Often times, the individual will receive a notice in the mail from the granting organization when it is time to renew their certification. Teachers are a great example. Prior to their teaching credentials expiring, they receive a notice in the mail one year from the date that it is due to expire. There are usually some classes that they must take, such as continuing education classes, that must be met in order to renew their credentials.
Wouldn’t it be great if your organization could keep track of those certifications for those professionals, in addition to their training, and remind them when their certification or license is about to expire? There are software programs available that will alert you to those expiration dates and allow reminders to be sent to these individuals electronically, reminding them to take those continuing education classes so that they can renew their certification or license.
In a perfect world, the professionals would remind themselves when their certifications need renewing, but with their other responsibilities it is easy to lose track of time and forget about their certification requirements. Some organizations even go so far as to pay for the continuing education classes required to keep their credentials or certifications required for their positions, or even paying for the certifications themselves.
Helping your employees remember when their certification and license requirements are due and need to be complete is a great benefit. Assisting your employee’s with their certifications requirements is also a great way to make sure their certifications and licenses are always up-to-date and compliant.
Certification and license information can be kept in a similar manner as training. Staff Files HR software makes keeping track of training and certifications easy. You can enter records for each training class and set expiration dates for certification renewals. Try it for yourself by downloading a free Staff Files demo