Comment by rkagerer
3 years ago
Why on earth would employers be motivated to sell this data or provide consent to their payroll processors to disclose it?
What's in it for them? I can't imagine the per-employee revenue it brings in would be anywhere near the same magnitude of order as the FTE cost. So it's a drop in the bucket to their bottom line.
Meanwhile the reputational risk and PR blowback once found out could be severe (I certainly would never work for such a shady or ignorant outfit).
Lots of companies give the information away in return for reliable information about market salary rates. I'm not sure why they'd need to provide such detailed information, and why they'd give it to Equifax.
It saves HR a lot of time when their employees need employment verification for loans, apartment leases, etc.