PHOENIX, May 31, 2007 (PRIME NEWSWIRE) -- "The Employer" (Pink Sheets:EPLI) today announced they have signed an exclusive agreement to provide a state of the art software package to protect employers from Social Security Number fraud. The program is designed to reduce employer liability when hiring new employees. The Government Accounting Office (GAO) estimates that of the 8.4 million employers in the U.S., they will need to spend over $11.7 billion on identity verification fraud detection programs nationally. The GAO further stated, "that there would be a need to screen 146 million currently employed workers with an additional 54 million new hires added each year." The Employer's new software package goes a long way in solving one of the biggest problems facing not only employers but the general population in stopping identity theft and fraud.
With the new direction in immigration reform, there is an emphasis on employer responsibility for not hiring illegal immigrants or other individuals who present themselves and their backgrounds falsely to potential employers. Many of the proposed legislative changes require fines and imprisonment for employers who are found guilty of knowingly hiring illegal immigrants or individuals using fraudulent documents to secure employment.
The new SSN fraud detection program is part of a three phase system that will permit employers to conduct several levels of background checks starting with SSN screening up to a full scale criminal background check. The program is designed to meet individual employer needs based on size of their business and the volume of use.
"The Employer" has priced the system according to the volume of screenings the employer requires. Starting at $19.95 for a single SSN screening to a low of $4.95 for volume users. The new fraud detection products will add significant annual revenues and profits to "The Employer's" bottom line.
Sam Rodenberger, president of The Employer stated, "The Company estimates their fraud detection software products will increase revenues by approximately $4.9 million in it's first full year of implementation. The fraud detection program will greatly enhance our employer/employee benefits package currently being offered to our employer clients and our new job seekers."
More about The Employer, Inc.:
The Employer Inc. is an employer/job seekers human resource service company focused on a variety of industries. The company provides recruitment and job placement services in the professional, management, clerical, administrative, service and industrial markets. Its unique scientifically based services, online and offline include job screening, recruiting, and job matching to employer job requirements. These unique services features job seekers profiling, three levels of background screening, customized personnel management reports, job profiling, job analysis and descriptions. Additional services include turnover tracking and analysis, opinion surveys exit interviews and follow-up issue analysis. A mainstay of The Employers Inc. program is its employee/employer benefits package featuring an advanced electronic pay card system, a community based Discount Payment Card including health, vision, and dental programs. The Discount Payment Card features over fifteen other frequently used community services for the entire family.
TheEmployer.com logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3119
Strategic Alliance Associates provide loss prevention, safety training, compensation program design, management development, and pre-employment, skills testing assessments. Online personal training and education programs provide job seekers success tips and techniques ranging, from interviewing skills, to dressing for the most positive impact on employers.
University Affiliate Projects for research and development featuring new products and services designed to keep The Employer at the cutting edge of the ever changing employer/job seeker requirements and expectations.
Forward-looking statements in this release are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the companies dependence upon third-party suppliers, intellectual property rights and other risks.