KarmaCheck Press & News

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Lessons On Building A Business From LinkedIn’s Co-Founder

Our CEO, Eric Ly, recently penned a new op-ed article for Forbes, revealing invaluable lessons on building a business. As co-founder of LinkedIn, Eric emphasizes the importance of starting projects without waiting for perfection. He stresses the value of working with people more knowledgeable than oneself, advocating for collaboration and humility.

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What Does A Potential Recession Mean For The Healthcare Staffing Industry?

Our CEO, Eric Ly, explores the implications of a potential recession on the healthcare staffing industry in a new op-ed for Healthcare Business Today. The healthcare industry faces unique challenges and opportunities amidst economic uncertainty. Despite potential recessions, healthcare remains somewhat recession-resistant due to constant demand.

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Why Employers Should Worry About Identity & Credential Verification

Recently, LinkedIn announced new features that allow users to verify their identity and current employer. I applaud the move. Though it may not be immediately apparent to most users, LinkedIn has long struggled with fake profiles. As with other social media platforms that have become indispensable in our daily (professional) lives, there’s been a recent increase in fake accounts on the platform, with a 28% rise in false information.

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HR Tech Interview With Eric Ly, Founder & CEO At KarmaCheck

Thanks for having me! I’ve worked in technology and B2B software for most of my career, spanning multiple decades. I’ve always been passionate about combining innovative products, technologies, and business models to create highly successful companies. As an entrepreneur, I’ve started numerous tech companies, the most well-known being LinkedIn, where I was a co-founder.

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Roundups: 10 Recent Digital Health Strategic Partnerships

KarmaCheck partners with healthcare staffing provider Cell Staff that will utilize KarmaCheck’s background check functionality for the Bullhorn applicant tracking system. KarmaCheck’s new integration with the Bullhorn platform gives Cell Staff credentialing specialists and clinicians visibility into the real-time status of “source of truth” record retrieval, license and credential verification, and drug and occupational health screening. It also helps healthcare agencies prepare for audits by making it easy to obtain results from Bullhorn.

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Why The Evolution of Tech Will be Based on APIs

Layoffs continue to ripple across the economy. Starting with big tech firms and the digital businesses that overhired during the early days of the pandemic, pink slips have now spread to the industrial, manufacturing and professional services industries. While there are numerous theories on the underlying causes and exacerbators of the surge in job loss, at its core lies a question of efficiency. Companies lay off workers when they believe – rightly or wrongly – that they can accomplish the same amount of output with fewer liabilities on the payroll.

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Somebody Needs To Build The Uber Of Healthcare Staffing

Occasionally, a company will come along that is so unique or innovative that their name becomes shorthand for the product or service they pioneered. Think of Kleenex as the common term for facial tissues, or Xerox as the shorthand for the act of making photocopies. In more recent years, no company has been subject to as much name appropriation as Uber. Having pioneered an entirely new industry in the service of building their business, “Uber” has now become shorthand for any kind of rideshare. A person is just as likely to say they’ll “take an Uber” when they’re actually going to use Lyft or another service.

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KarmaCheck Completes SOC 2® Security Examination

KarmaCheck, a first-of-its-kind company that uses candidate-centric technology to bring truth, speed, and efficiency to background checks, announced today that the company recently completed the Service Organization Control (SOC) 2 Type 2 audit, and has received a favorable report. The distinction demonstrates KarmaCheck’s dedication to maintaining the highest standards of security, confidentiality, and availability to protect customer information.

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Eric Ly, our Founder, chats with David Folwell from Staffing Hub

KarmaCheck, a first-of-its-kind company that uses candidate-centric technology to bring truth, speed, and efficiency to background checks, marked the beginning of 2023 by celebrating a year’s worth of company achievements that included 168% growth in total screenings along with new partnerships, integrations and executive leadership.

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KarmaCheck Celebrates a Year of Milestones

KarmaCheck, a first-of-its-kind company that uses candidate-centric technology to bring truth, speed, and efficiency to background checks, marked the beginning of 2023 by celebrating a year’s worth of company achievements that included 168% growth in total screenings along with new partnerships, integrations and executive leadership.

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The market has cooled off – why is it still so hard to find talent?

“Even though the market has cooled off, I don’t know that it has gotten significantly easier to find talent.” So says Rod Adams, talent acquisition and onboarding leader at PwC. “The competition for talent is still pretty stiff, and that’s probably driven by the fact that a lot of people made moves in that period of time everyone loved to call the Great Resignation. Now they’re in new environments and getting settled and are less likely to make another move. It’s making it hard to fill the open roles we have, but we have less that we’re trying to fill than we did a year ago.”

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LinkedIn Founder Says Fake Nurse Degree Scheme “Not Surprising at All”

But Eric Ly, the co-founder of LinkedIn and the medical background check company KarmaCheck, says people lie on job applications all the time. “It’s really not surprising at all,” he recently told Becker’s Hospital Review. He explained that around 44% of the information listed on LinkedIn is likely untrue. People tend to indulge or simply make up important details such as where they work, what position they hold, and how long they’ve been there.

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Nurse degree scheme ‘not surprising at all,’ says LinkedIn, KarmaCheck co-founder

Operation Nightingale — the Justice Department initiative that discovered more than 7,600 fraudulent diplomas allowed unqualified purchasers to practice as nurses — shocked HHS, the FBI and medical professionals nationwide. Eric Ly, the co-founder of LinkedIn — and, more recently, background check company KarmaCheck — was less surprised by the news. “It’s really not surprising at all,” Mr. Ly told Becker’s Hospital Review.

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Are HR professionals managing their own burnout?

With six in ten US workers admitting they experience at least moderate levels of burnout – a figure that is up by 52% compared to the previous 12 months – it’s little wonder HR professionals have a lot on their plates right now. But, as is often the case with professionals whose job is to look after others, their own self-care is often found lacking. So is it time HR professionals actually starting recognizing (and then tackling) their own dangerously-high levels of burnout too?

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LinkedIn turns 20: An oral history of an unlikely champion

When LinkedIn launched, on May 5, 2003, it wasn’t a given that it would thrive. Born during the doldrums after the original dotcom bust, it arrived at the same time as a flurry of other social networking upstarts, most of which quickly fizzled. Its emphasis on members’ professional lives rather than personal pursuits was seen by some as a strategic blunder. Even the notion of posting your résumé in public was jarringly unfamiliar and likely to be taken as an act of disloyalty.

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3 in 4 HR professionals in Singapore suffering from burnout at least once a month

Three in four HR professionals in Singapore have admitted to suffering from burnout at least once a month, with new findings indicating that mental health remains a neglected topic in the workplace despite recent efforts to put them in the spotlight. A survey among 150 HR professionals by Intellect and Milieu Insight revealed that 75% experience burnout at least once a month, including 41% who said they are burnt out at least once a week.

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Will The Healthcare Industry Finally Embrace Digital Transformation?

A recent study found that HR leaders in the healthcare industry are struggling to meet their goals and are suffering from widespread burnout. It’s not surprising, given the healthcare industry’s overwhelming challenges more broadly. Credentialed professionals are quitting in record numbers in the wake of the pandemic, and staffing leaders are struggling to place nurses, doctors, and administrators where they’re needed in a timely fashion.

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HIStalk Interviews Eric Ly, CEO, KarmaCheck

In this exclusive interview, Histalk2.com had the opportunity to sit down with Eric Ly, CEO of Karmacheck, to discuss the company’s mission, their impact, and what the future holds for the innovative technology startup. Eric shares his thoughts on how Karmacheck is revolutionizing the way businesses interact with customers and how they are using cutting-edge technology to ensure customer satisfaction.

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Security, Burnout and Performance Pressure HR Departments

A significant number of employers face rising issues related to their IT security, including security challenges, HR-employee burnout and struggles with performance, according to a pair of recently released studies. The first, the State of Hiring and Recruiting from KarmaCheck and Findem, said HR leaders are experiencing burnout at a high rate, with 61% saying they have considered quitting their current position.

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Exclusive: HR needs better hiring tech

The COVID-19 pandemic transformed how (and where) millions of people across the world worked. This created huge challenges for HR teams, and the disruption hasn’t stopped since. During the pandemic, employees started to re-evaluate what they wanted out of their jobs, and this triggered the ‘Great Resignation’. These sky-high attrition rates have challenged HR teams by putting extreme pressure on their recruitment practices and processes. In this incredibly challenging context, it is no surprise that research by Findem and KarmaCheck found that 90% of HR teams are missing at least one of their hiring goals and 71% are missing out on key hires. The main reason for this, according to the survey of 312 HR leaders in the US, which was shared exclusively with UNLEASH, is process inefficiencies and tech challenges.

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How healthcare companies can operate more like tech companies

As technology evolves, so must the institutions that employ it. Beginning with the growth of agriculture and its ability to sustain larger populations, humans have organized their behavior at scale into ever larger and more complex institutions directed at optimizing desired outcomes. By way of example, consider the transition that occurred when the preindustrial hand-loom gave way to the steam-powered textile factory. In pursuit of efficiency and profit, entire modes of living transformed as people moved to cities, and corporations evolved to harness their labor.

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#134 – S5E14 – LinkedIn Co-founder & Entrepreneur Eric Ly

Eric Ly is a serial entrepreneur with years of experience in launching innovative products and companies. He was the Co-founder at LinkedIn, where he worked closely alongside an incredible team to build one of the World’s most successful startups – connecting professionals online like never before! What are some ingredients for success? Currently, Eric is the CEO & Co-founder at KarmaCheck, an easier and faster background check company designed to ensure employers never miss their hiring targets again!

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How to Prevent a Healthcare Staffing Crisis

The Covid-19 pandemic scrambled the business models and labor-market dynamics for many industries, but probably none as dramatically and directly as healthcare. Incredible, sustained demand coupled with regional disparities, political complications, and cultural challenges have left the healthcare industry on life support, especially regarding staffing.

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KarmaCheck Welcomes Kevin Krantz As The New Vice President Of Sales

KarmaCheck, a first-of-its-kind company that uses data-driven technology to bring truth, speed, and efficiency to background checks, announced that Kevin Krantz, a veteran sales executive, has joined as Head of Sales. Krantz, who recently spent 12 years in sales leadership at LinkedIn, will be responsible for driving growth and leading sales management across the organization. Krantz brings over two decades of sales management experience, including distinguished tenures at LinkedIn and AT&T. Most recently, he served as Chief Revenue Officer of Density, a leading space analytics platform for measuring and improving workplaces.

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KarmaCheck Welcomes Kevin Krantz as the New Vice President of Sales

KarmaCheck, a first-of-its-kind company that uses data-driven technology to bring truth, speed, and efficiency to background checks, announced today that Kevin Krantz, a veteran sales executive, has joined as Head of Sales. Krantz, who recently spent 12 years in sales leadership at LinkedIn, will be responsible for driving growth and leading sales management across the organization.

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When Job Candidates Lie, New Tech From ZippedScript And LearnCard Will Help You Catch Them

Costly background checks — the bane of employers — may soon be a thing of the past. ZippedScript just announced that its pilot program on LinkedIn, which pings the backend computer systems of colleges and universities to verify degrees, is producing positive results. So far, 5,500 LinkedIn users have taken the firm up on its offer to add a verification badge on their profiles in exchange for having their credentials instantly verified with ZippedScript’s solution. That means that it is cheaper and faster to hire these candidates.

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How to Fight Fake Information in the Job Market

Nora chats with entrepreneur Eric Ly, a co-founder of LinkedIn who started a company called KarmaCheck, which uses AI to make the background check process easier for hiring managers. He details why KarmaCheck and the technology it uses is a big deal – not only for LinkedIn – but also when it comes to fighting misinformation all over the internet… even on dating profiles.

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Wedge Announces New Partnership With KarmaCheck

Wedge, the modern recruiting platform that makes hiring personalized,announced a new partnership with KarmaCheck, a first-of-its-kind company that uses data-driven technology to bring truth, speed, and efficiency to background checks. Together, Wedge and KarmaCheck help enhance hiring transparency.

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How to Prevent the Looming Travel Breakdown

For those fortunate enough to have enjoyed an era of reasonably cheap, widely-accessible travel over long distances, the prospect of enforced immobility feels deeply unsettling. What is modern life if we work so hard but aren’t able to visit family across the country or schedule a much-needed winter break in the tropics?

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