For Finance

Someone gets paid to verify your employees. Why not you?

Verifying who works for you, and who used to, is an industry of over $2 billion a year. With MyEmployment, a negotiated share comes back to your company every month.

Equifax alone reported $2.18 billion in verification services revenue for fiscal 2025.
Get your revenue estimate See where the fee goes

15 minute intro, modeled on your own numbers. Designed for employers with 2,000 or more employees. This is not pre-hire background screening.

What your workforce generates

Verification fees paid each year on your current and former employees combined.

An average per current employee that also covers your former employees, who stay verifiable after they leave. Replace it with the volume on your current vendor's report if you have it.
What the verifier pays
Verification fees your workforce generates each year
$141,600
2,400verifications a year
$11,800in fees each month
The 1.2 default comes from Robert Mather's 30 years running a background check company.
$59 and $69What a verifier pays. Employment, and income
$0 to youNo employer platform fee. Free for your employees
Paid monthlyFor the length of your agreement
SOC 2 Type 2Examination complete. Report available on request

01 Where the fee goes

The transactions already exist. So does the fee.

At least 149 million

The industry handles at least 149 million employment verifications a year. Each completed one is paid for.

One provider alone reported 149 million in 2024.

Today

  • Verifier pays
  • to
  • Whoever fulfills the request
  • which
  • Keeps the fee

With MyEmployment

  • Verifier pays
  • then
  • Your employee is asked
  • and
  • A negotiated share comes back to you

In many arrangements, none of that fee comes back to the employer whose workforce the answer describes. Same requests, same verifiers, same fee. What changes is who is paid.

02 What Finance receives

Up to $500,000 a year in revenue share.

An illustration for a large employer. Your figure depends on workforce size, turnover, verification volume and the terms of your agreement.

New revenue from transactions that already happen. Not a discount on something you buy.

03 What it takes from you

A configuration, not a project.

You pick the access method

A payroll sync every payroll cycle, or a one to one API. You can change it later. Your HRIS stays your system of record.

Switching is often a setting

In many payroll environments, leaving an existing verification feed is a configuration change at the payroll provider, measured in days to a few weeks. Requests keep clearing during the change.

04 Security

SOC 2 Type 2

Ready for your vendor review.

MyEmployment has completed its SOC 2 Type 2 examination. The report is available on request, so your security and vendor management teams can review it before anything is connected.

Request the SOC 2 report
The MyEmployment employee app, My Profile screen, showing a pending verification request with Approve, Deny and Report Preview controls, and the employee's data sharing settings.
What your employee sees, at the time of request.

The bonus

The revenue comes with a benefit your employees can see.

The same switch that brings a share back to your company gives your current and former employees, once they enroll, a say in each verification of their work history. It costs your company nothing, and it costs them nothing.

  • Notice at the time of requestThe employee sees who asked, the stated purpose, and what was requested.
  • The right to approve or denyAn enrolled employee decides on each request, and can set defaults so routine requests move without interruption.
  • Collectors need a yesDebt collection and skip tracing requests proceed only on the employee's affirmative approval.
  • A documented recordRequests, decisions and outcomes are recorded for the employee and for you.

05 Questions

What Finance asks next.

The money

How is the revenue share calculated?

As a negotiated percentage of what verifiers pay for completed verifications of your current and former employees. The percentage is set in your employer agreement. There is no published rate card.

How is it paid and reported?

Monthly, for the length of the agreement. Each payment comes with a reconciliation of the completed verifications behind it.

How much revenue share can an employer receive?

Up to $500,000 a year is an illustration for a large employer. The actual revenue share is negotiated individually and depends on workforce size, turnover, verification volume and the terms of the employer agreement.

Does MyEmployment cost us anything?

No. There is no employer platform fee and no charge to employees. Credentialed verifiers pay $59 for a standard employment verification and $69 for an income verification.

Is this a cost reduction?

No. The revenue share is new revenue from verifications that already happen. It is separate from anything your company buys today.

Where should our verification volume figure come from?

Your current verification vendor's volume report is the best source. Without one, the calculator starts at 1.2 verifications per employee each year, an average that covers current and former employees. We model your figure on the call.

How long does it take to start?

A payroll sync is a configuration and a feed, measured in days to a few weeks once the payroll contact is identified. A direct API depends on your systems team and your security review. Requests keep clearing during the change.

Before you take it to HR

What will HR like about it?

Three things. Current and former employees who enroll get notice and a decision at the time of request. Debt collection and skip tracing requests need the employee's affirmative approval. And routine verification calls and forms HR answers today move to the access method you choose.

What will HR worry about?

Expect three questions: will this add work, will verifications stop while we switch, and will employees be bothered or held up. Each is answered below.

Will this add work for HR?

No. There is no forced mass enrollment and no rollout HR has to run. Employees do not have to enroll for eligible requests to keep clearing. Enrollment is what gives them the notice, the decision and the record.

Will verifications stop while we switch?

No. Your existing verification process stays active until launch, and requests keep clearing during the change. Phone, fax and paper requests are worked on your behalf.

Will an employee's mortgage or lease get held up?

Not by silence. Employees can set defaults in advance so routine requests move without interruption, and you set the response window. One person's silence does not stall someone else's mortgage. A denial is the employee's own decision about their own record.

The fine print

What happens when an employee denies a request, or does not respond?

A denial blocks release in every request category, and the verifier is told the request was not approved. The only exception is a release compelled by subpoena or other legal process. You set the response window. If an enrolled employee does not respond within it, or is not enrolled, the request is released only where the verifier is credentialed and the authorization, permissible purpose and employer policy requirements for that request are met. Debt collection and skip tracing requests are the exception: they proceed only on the employee's affirmative approval, and a nonresponse never authorizes them.

Do former employees count?

Yes. Former employees remain eligible for incoming verification for the length of the employer agreement, with no cutoff after they leave.

Can our security team review your controls?

Yes. MyEmployment has completed its SOC 2 Type 2 examination, and the report is available on request. Send your vendor security questionnaire with the request.

Is this pre-hire background screening?

No. MyEmployment handles incoming employment and income verification for your existing and former workforce. It does not replace your pre-hire background screening program.

Your revenue estimate

See what your workforce could bring back.

Schedule a 15 minute call to go through the details with your own numbers. Bring your director of FP&A.

Part of an association or purchasing group? We will walk the whole group through it.

Get your revenue estimate

It opens in a new tab. We follow up to schedule a 15 minute call.

Open the revenue estimate form