Los Angeles, California, October 10, 2023 – Fama, an award-winning candidate and background screening solution that makes hiring great people easy, is proud to introduce its latest product, Fama Essential. Like Fama’s Plus and 360 solutions, Fama Essential will screen for 8 types of misconduct to keep organizations safe from violence, harassment, intolerance, and crime. Fama Essential offers a cost-effective, fast, and accurate approach to identifying red flags in candidates' public online profiles.

The "State of Misconduct at Work" research highlights alarming statistics: it only takes 1 in 20 workers engaging in misconduct to reduce productivity by 40% and make team members 54% more likely to leave. In 2023, nearly 40% of candidates in retail and hospitality were already engaging in misconduct online. . This is impacting not just productivity and retention but also profitability, as well. Employee theft costs companies $50 billion per year and harassment costs between $300 and $1,000 per employee per year – adding up to trillions of dollars in cost. Fama Essential addresses these challenges head-on, providing organizations with a tool to quickly and easily screen candidates, especially in high volume, contingent, and hourly hiring scenarios.

"Fama Essential marks a pivotal moment in our journey towards reinventing how businesses approach high-volume and contingent hiring," said Ben Mones, CEO of Fama. "This solution provides our customers with effective, efficient, and economical tools to make safer and smarter hiring decisions."

Highlights of Fama Essential:

• Fast Turnaround Time: In high volume hiring, time is of the essence. Fama Essential offers as little as a 24-hour turnaround time, ensuring that businesses keep pace with their recruitment needs without sacrificing due diligence.
• Cost Effective: A lot of hires doesn’t need to mean an expensive purchase. Fama Essential provides top-tier screening at a price point accessible for high volume hiring needs. 
• Comprehensive Misconduct Screening: Fama Essential screens over 10,000 online public sources and X, formerly Twitter, for 8 types of misconduct including violence, fraud, and harassment. Customers can also leverage keywords to personalize the solution to your company, industry, and even role.
• Accurate, Relevant, and Precise: Fama Essential offers a robust and versatile screening solution. Our proprietary AI algorithm screens thousands of online public sources for misconduct and is overseen by our humans – aligning with ethical AI best practices.  Fama Essential screenings that are not only thorough but also highly accurate and relevant.
• Compliant: Fama screenings are designed with a compliance-first approach. Our processes and reports are FCRA, EEOC, and GDPR compliant..

Fama Essential is now generally available for purchase through Fama and its partners, including First Advantage and HireRight, and Sterling. To explore how Fama Essential can integrate into your hiring process, schedule a demo. 

About Fama

Fama makes hiring great people easy. Our modern candidate screening solutions use online signals to identify candidate fit. We highlight professional attributes like creativity, innovation, and problem solving while also surfacing costly misconduct such as violence, harassment, and fraud. 

We help organizations answer the big question: how might a candidate act around coworkers or customers when they join? 

Talent teams use Fama to improve candidate quality and employee retention, create safe and inclusive workplaces, and place the right leadership for their organizations. Fama is compliant with the FCRA, GDPR, and integrates into a wide range of HRIS, ATS and background screening solutions.

Founded in 2015, Fama is headquartered in Los Angeles, California. We’re backed by some of the world’s leading investors, and have raised more than $30M. Learn why over 3,600 companies trust Fama at www.fama.io. 

Contact Information:

Amy Warren

VP of Marketing 

Fama Technologies

amy@fama.io

202-386-2939

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