Does your company do second chance hiring? What has been your experience?

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Are you familiar with second chance hiring? Criminal backgrounds are red flags, but for how long? We may be overlooking a substantial hiring pool. But what are the risks? What do you guys think?

https://www.shrm.org/ResourcesAndTools/hr-topics/talent-acquisition/Pages/Hiring-People-with-Criminal-Backgrounds-Is-Easier-Than-You-Think.aspx