About

Risks of not doing employee background verification
An employee is a long term and crucial investment, made by any organization. From the day of hiring till their last working day in the organization, immense amount of time and money are spent on employee orientation, engagement, development and professional and personal well-being. A good employee becomes an asset for the company. But things take an ugly turn, when employees betray the trust of an organization. When candidates with criminal backgrounds and fake resumes get access to confidential data and misuse it, the organization is struck by a massive blow.
Behind the Scene
Fake resumes are rampant. Organizations are plagued by fraudsters, who forge certificates to hack a job. They commit the crime with such finesse, that with naked eyes it is next to impossible to identify the forgery. Often, this leads to wrong hiring and results in a huge loss for the organization. A survey done by KPMG shows that nearly 42% of such frauds are committed by senior management including directors and VPs!
Such fraudulent activities have their roots deep into the society. While a cab driver with a hidden criminal background brutally murders a female employee, suspects of the recent Mumbai bomb blast used fake degrees to get a job. Recently, some of the top IT firms were forced to ask certain employees to leave due to discrepancies in their resumes. Incidents like these highlight the spread of such unethical practices and the immensely dangerous situations.
The growing tentacles of this vicious practice can be controlled by a sound background verification platform that can eradicate such risks. At a time when organizations are flooded with resumes of potential candidates, picking the best fit for the role becomes a tad bit difficult. Face-to-face interactions can provide a basic understanding of the candidate but can never determine his/her true background.
Why do background verification?
Employment verification in India has become a serious protocol followed by every company. A thorough scrutiny of the resume, certificates and facts stated by a potential candidate is absolutely imperative to establish his/her credibility. Criminal background check, certificate verification, employment history check are important facts that need to be corroborated, before hiring a candidate.



Having said that, here are some facts that highlight the necessity of employee background check:
•     Good employees lead to good business: Employees are assets that organizations come to cherish for years. An ethical worker builds a strong foundation for the business and leverage their knowledge and dedication to take it ahead

•     Assured hiring: A complete due diligence on your potential candidate, mitigates the risk of wrong hiring

•     Cost and time effective: A timely background verification, can save you from any impending losses. You can cut on pre-hiring costs, training costs, attrition costs and other related expenditures and save from burning a hole in your pocket

•     Transparency: A third party verification, rules out the possibility of any foul play in the process and thus ensures 100% transparency. Also, a third party background verification is free of being biased and hence tends to be more accurate

•     Traction to the HR team: With a third party vendor taking care of your employee background check, your HR team can focus on core activities that are crucial for your business

In today’s competitive world, getting a small edge over your competitor can be a big bonus. So employee background verification plays a tremendously important role. Your business heavily relies on your internal stakeholders, as much as it does on the external ones. Employees are the pillars on which your business stands and if these pillars are strong enough, then no matter how heavy a structure rises to, they would stand strong and tall, always.