The story for why an IQ test would correlate with good job performance is also easy to imagine, but it doesn't appear to match reality. I never see studies finding a correlation between credit scores to job performance when I read about this issue, which makes it puzzling that employers continue to use them.
Could it be that the people making the decisions here are making them based on the credit reporting agencies' marketing rather than concrete data?
I was commenting on a problem with the argument that they shouldn't be used because they may have a racial bias. I don't really have a position on whether credit reports are a useful tool in hiring decisions.
Could it be that the people making the decisions here are making them based on the credit reporting agencies' marketing rather than concrete data?