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3 Things to Check Before You Start a Job Search

According to LinkedIn, fall brings a flurry of job-seeking activity measured by profile enhancements, resume updates and increases in online applications. With many major cities at or near historically low levels of unemployment, job prospects have never been better for workers looking to make a career change. Before you start a job search, here are three less obvious things to verify first.

[See: 8 Things That Are More Productive Than Staring at a Job Board.]

Confirm that you have a clear background and credit check. As verbal references become more challenging to secure, many employers run background and credit checks as a final step of their hiring process. If you are new to work, have been in your current job for a while or if a background check wasn’t part of your hiring process in the past, you need to verify that you do not have anything on your record that would be viewed as a red flag. For example, maybe you drank too much in college and were arrested for telling a police officer that you did not want to come down from the stage during a concert. Or, if you took a prolonged break from paying your bills while you traveled Europe and now have a lousy credit score.

Bad things happen to good people. The key here is staying in control. First, you must have knowledge of what a potential employer will see. Do not leave your results to chance. Second, determine if past issues rule you out of certain positions. You will do better if you focus your job-search efforts in the fields where your background will not be an issue. Third, if the background will not necessarily preclude you from being hired, plan on revealing it before a company initiates a costly background or credit check.

I have seen many qualified candidates lose out on an offer because they just assumed a check wouldn’t actually be run or that something from the past may not show up. Lack of upfront disclosure, even about something small, can result in you being viewed as untrustworthy or as clueless. Either one is not a trait employers seek when hiring. Practice the least inflammatory way to reveal your past and be strategic about timing and to whom you share the information. Simple honesty at the time of the offer (but before the background check is initiated) is typically best.

[See: 10 Ways Social Media Can Help You Land a Job.]

If you are lucky, maybe what shows in your background or credit check is either an error or has a statute of limitations for reporting, like a foreclosure or a bankruptcy. If so, by checking your record before you begin a job search, you have ample time to go through the process to have the record removed. If you cannot have the record removed, you can at least put together any additional supporting documentation that may help to explain what occurred or outline when it may come off of your record.

Know your dates of employment. Any company that requires you to submit a resume or an application may verify the dates of previous employment you submitted. Typically, when a company is verifying dates it is more for completing your record than for making an employment decision. One method of verification is to contact past employers to see if what you supplied matches company records. Another method is via a central “clearing house” that ties to dates of pay. It is worth your time to keep offer letters and any documentation of separation from each position so that you know your exact dates of employment. If you are unsure of dates, you can always contact your previous employer to confirm what information they have and will provide.

Track previous compensation. To reveal or not to reveal? That is often a topic of debate where some people will advise taking an “it’s none of your business” approach when asked about what you have made in the past. I have recruited and hired 1,000s of professionals over the past 20 years and can tell you that honesty is the best policy regarding compensation. All previous payroll data can be verified — so trying to inflate your compensation to get a better offer is usually a waste of time if you are dealing with a savvy hiring manager. Many employers will have you fill out an application in which you list your past jobs, dates of employment and compensation. If a company has asked you to sign the application, rest assured you have just given them permission to verify everything submitted.

[See: 10 Things New Grads Can Do Right Now to Get a Job.]

This means that you should keep records of your pay rate, salary, bonus, other compensation tools as well as what you recorded on your W2 each year in recent positions. Saying that your current role has a salary valued at $60,000 falls apart when your W2 showed you made $45,000 last year. The good news is that if you are currently employed and doing well, you can tell a prospective employer that you are not looking for a change unless the compensation is a certain amount (typically more than your current compensation). No one can force you to accept a job — so if the pay doesn’t work, don’t take the role. Misrepresenting or just not knowing what you actually earned, however, puts you at risk for looking untrustworthy or clueless.

The devil is in the details. Employers want employees who are detail-oriented, self-aware and honest. You can cement this image when you know your professional (and sometimes personal) past and have an effective way to communicate any less-than-ideal aspects of your background. Verifying background and credit history, employment dates and compensation before you initiate a job search prepares you to do your best.

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3 Things to Check Before You Start a Job Search originally appeared on usnews.com

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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