MainStreet Unveils "Know Your Employee" System to Combat Dual Employment

In a significant development for workforce management, Jesse Tinsley announced the launch of "Know Your Employee" (KYE) by MainStreet, a new real-time employment fraud detection system. The innovative platform aims to identify individuals secretly working multiple full-time jobs, a practice often referred to as "overemployment." Tinsley, whose role at MainStreet is not fully detailed in available public information, emphasized the system's ability to instantly detect such scenarios.

"Employees working multiple jobs secretly just died. Sorry Reddit/overemployed 🥲 Today @MainStreet launched 'Know Your Employee' (KYE). The first real time employment fraud detection across companies. If someone’s secretly working two full time jobs… We know instantly," Tinsley stated in the announcement.

The KYE system is currently in private beta, with early results described as "amazing." MainStreet intends for this technology to address the challenges employers face with productivity and financial drain caused by employees who might be taking advantage of their roles. The company is inviting interested employers to join a waitlist for more information and access to the service.

The concept of Know Your Employee (KYE) is gaining traction as businesses navigate the complexities of modern work environments, particularly with the rise of remote and hybrid models. KYE processes are designed to verify employee identities, backgrounds, and ongoing employment status to mitigate risks such as identity fraud, credential misrepresentation, and insider threats. This extends beyond initial hiring to continuous monitoring throughout an employee's tenure.

While traditional KYE focuses on background checks and identity verification, MainStreet's offering appears to specifically target the detection of simultaneous employment across different companies. This addresses a growing concern for businesses, as "overemployment" can lead to reduced productivity, potential conflicts of interest, and security vulnerabilities. The development reflects an evolving landscape where technology is being leveraged to ensure workforce integrity and operational efficiency.