Data Privacy of Income and Employment w/ Bill Roy, Vault Verify

In this HRchat episode, we look at ensuring data privacy of employees and some dos and don'ts of managing automated verifications of employment and income. Bill Banham is joined by Bill Roy, President at Vault Verify, a company on a mission to help HR departments save time and money by providing fast and accurate data. Vault Verify is a cloud-based technology platform that helps automate the process of completing verifications of income and employment.  Questions Include:Responding manually to verification requests costs lots of money and HR hours. And frankly, in this labor market, it can be an absolute mountain to climb! Talk about your company; explain Vault Verify's 'how' and share the 'why' as it pertains to helping Talent pros, HR teams, and hiring managers. Your tech provides automated options for verification of income and employment, I-9, and unemployment claims management. Where are the big time and cost savings? Can you share stats and maybe a use case?Data Privacy: Talk to me about how Vault Verify approaches and ensures data privacy requirements are met (on the corp and employee sides) and what else is happening out there in the marketplace? (Maybe this could include findings/reports showing e.g. other companies knowingly or otherwise sharing candidate data multiple times and what that could mean for the data privacy of candidates and employees).  Follow up: What are the corporate liabilities associated with mismanagement of employee data?Customer satisfaction: You claim to have a 99% customer retention rate. Tell us about your approach.More About Vault VerifyVault Verify leverages APIs to produce a quick, easy implementation experience. Vault Verify is free to clients and Vault shares a portion of the revenue derived from commercial requesters with the client each month, making HR a profit center. The results for clients are dramatic: increased productivity, more accurate verifications and decreased liability. And HR generates monthly revenue for other HR priorities. Learn more at vaultverify.com.We do our best to ensure editorial objectivity. The views and ideas shared by our guests and sponsors are entirely independent of The HR Gazette, HRchat Podcast and Iceni Media Inc.   Support the showFeature Your Brand on the HRchat PodcastThe HRchat show has had 100,000s of downloads and is frequently listed as one of the most popular global podcasts for HR pros, Talent execs and leaders. It is ranked in the top ten in the world based on traffic, social media followers, domain authority & freshness. The podcast is also ranked as the Best Canadian HR Podcast by FeedSpot and one of the top 10% most popular shows by Listen Score. Want to share the story of how your business is helping to shape the world of work? We offer sponsored episodes, audio adverts, email campaigns, and a host of other options. Check out packages here.Follow us on LinkedInSubscribe to our newsletterCheck out our in-person events