You might be wondering what caused the Background Screening process to become a serious issue in India. It’s not a single event in a single company which led to this but a chain of events happening in corporate offices all over the country. For years the recruitment process is plagued with cases of employee fraud, and misrepresentation of data and resumes. Until recently it was only the big companies with offices offshore, IT or ITeS companies, financial companies or private banking sectors that obligatory to have reliable employees due to diligence mechanisms like verifying candidate’s details.  Even though the background verification industry has grown rapidly over the last few years it is nowhere close to where it should be. According to the economic survey, only 7.5 cores of the overall working population work in formal sectors leaving the rest 81% in the informal and agricultural sectors which is pretty unregulated. But now it seems that the things are going in the right direction as the 3rd party verification companies are proactively helping the formal sector. With the onset of “gig economy” service sectors ola, uber and Fastrack has opened themselves to background verification process but it has a long way to go.

So how important it is for companies to adopt the background screening process?

It is very essential for corporations across industries, to adopt or conduct background verification as it weeds out unsuitable applicants thereby preserving the bottom line of an organization. Besides this, boosted salaries can subdue a company year-on-year while the applicant is in the system. Additionally, Background Verification Companies In Mumbai also secures an employer or a company in case of any employee-related liability or mishap. Above all, usual background screening assures the security of the customers and employees while decreasing the chance of impairment to the company’s brand.

How often frauds come along during background screening?

Usually, during the recruitment process, the candidates tend to fraud by submitting fake certificates. But recently there have been cases where companies issuing fake experience certificates even though they are a legitimate organization. These frauds come to light when the Background Verification Companies In Hyderabad ask for subsequent tax records and relevant salary slip, which will be non-existent most of the times. Aside from this, there have been incidents where even senior executives fake their credentials which at that level were detrimental for the company.

For more information: List Of Background Verification Companies In India.