Chase business checking: Checking references is an important part of the hiring process. It gives you the opportunity to verify facts about a candidate that you are strongly considering, while also learning more about them from someone in a professional setting. Preparing for your meeting with a candidate’s references can help ensure that you ask the most informative questions. In this article, we discuss the importance of checking references, as well as tips that you can use to prepare for an upcoming reference check.
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Chase business checking
Starting a check-cashing business of your own can be complex, but if you put in the time, it can be a profitably business that helps a lot of people. Not only will it provide jobs in your local area, but it will provide a valuable service to members of the community, as those without bank accounts rely on check-cashing services to help them get the money they need. Our how-to guide will help with you start your business, from deciding what services to provide and writing a business plan to obtaining the licenses you’ll need.
Why is it important to check references?
Checking references is sometimes considered a formality. But, because it gives you the chance to learn more about a candidate’s professional experience and skills, it can help you confirm that you have chosen the right candidate for the position.
Choosing the right candidates from the beginning can help you fill the needs of an open position. By ensuring a good fit, both for the company and the employee, you can also reduce retention rates, which can be costly and time-consuming to a business. The reference check is often the last step in the hiring process, so preparing your questions in a way that helps you determine if they will be a good fit can be useful. It can also help you narrow down your options, helping you choose the employee that fits best in the open position.
To get the most out of your reference appointment, it is best to prepare for it ahead of time. You may only get one meeting with each reference. Here are a few tips that you can use when checking references:
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1. Write your business and marketing plans, as these are the foundation of your business. These documents will help you gather your ideas and plan of action on paper as well as give you a clear picture of needs to be accomplished. Many investors and other potential sources of capital require a business plan before considering whether or not to provide funds.
Chase business checking
3. Secure your start-up investment. Your start-up investment will vary based on whether you are starting your own business from the ground-up or joining a franchise. The investment is large for this type of business and usually does not include franchise, advertising, and marketing fees.
Chase business checking
6. Purchase your check-cashing business management software system. This software is the biggest part of your business, as it gives you access to various identification databases to ensure you are running in compliance with government standards. It will also verify your checks and help you produce other services, including instalment loans, bill pay, recurring bank account transfers, and debit card loading.
8. Open your doors for business. When you are staffed and everyone is trained on how to operate the business, you are ready to start serving customers in your area.
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9. Let the candidate know that you will check their references: It is always a good idea to let candidates know that you intend on calling their references. Informing them early ensures they give truthful answers during the interview.
10. Schedule an appointment with the reference: By scheduling an appointment with the reference ahead of time, you ensure that they have sufficient time to talk with you. They are also more likely to be in a quiet environment where they can really focus on your questions. If you don’t schedule a time to talk, they may be too busy when you call to go into detail about the candidate.
11. Provide background on why you are calling: Always let the reference know why you are calling, what company you work for and the position that the candidate is applying for. This can provide you with open feedback on how the reference believes the candidate will fit in with the company, or how they will adjust to the specific position.
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12. Verify information at the beginning of the call: Get the formalities out of the way early. Verifying information like, employment dates and positions held, at the beginning of the call allows you to move on to other questions sooner.
13. Prepare questions ahead of time: Prepare your questions ahead of time so you know how much time you need and so that you don’t miss any important points. It can also be helpful to consider the specific duties of the role in which the person is applying. Talk with the department they will work in to learn the most important aspects of the job from their potential manager.
14. Use open-ended questions: Open-ended questions prompt the reference to provide more information. Closed-ended questions tend to lead to ‘yes’ or ‘no’ answers, which can leave you with more questions about a candidate’s abilities.
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15. Ask questions that are specifically related to the role: By catering your questions to include specific requirements or necessary skills of the position, you can learn more about how they will do in that specific position. Otherwise, you may get information about the candidate that is not completely relevant to the work they will be doing.
16. Use the candidate’s responses: Taking notes when interviewing can help you come up with useful questions to ask when checking references. If a candidate discusses a specific experience while working on a project, you might use this to learn more about them when talking with their employer.
17. Record your phone calls: Recording your reference calls allows you to go back to them later to review for any key points you might have missed. However, be sure to always request permission and notify them before recording.
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18. Request to speak with the candidate’s direct supervisor or manager: Many reference meetings are taken by the human resource manager. While they can verify employment dates and positions, they may not be as knowledgeable when it comes to the candidate’s skills or work experiences.
19. Ask a variety of questions: While verifying information and determining a candidate’s ability to do a job is important, it is also useful to ask a variety of questions that will help you evaluate how well they will fit in with the company’s culture.
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20. Things You’ll Need
- Computer and security business equipment
- Check-cashing business management software
- CA$H