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Criminal records check is part of the comprehensive background verification conducted prior to the hiring of a candidate. It reveals the criminal history, if any, of the candidate by checking various records available in the public domain. According to SHRM (Society for Human Resource Management), 69% of organizations conduct criminal
No business, especially those dealing with finances, should undermine the need and importance of an exhaustive identity verification. Especially with instances of identity thefts and security breaches becoming commonplace, it has now become a necessity for businesses to perform identity verification on all employees, clients and customers. A valid identity and address
With instances of identity thefts becoming commonplace, it has increasingly become important for businesses to perform identity verification on all their customers. This includes demanding valid identity proof as well as address proof. In a country like India, where just 10 percent of the population has valid credit scores, it is a necessary
Importance of Criminal Background Checks You need to conduct a criminal record check because as a business, you are responsible to your customers to provide trustworthy executives to deliver services for them. For instance, hiring an investment banker with a criminal charge of fraud to his or her name could
Form 16 Background Verification is an important step for any business in the hiring process for a new employee. It can help companies verify that the information the candidate has provided regarding his or her previous compensation is true since it clearly contains every salary transaction, including tax deductions. Therefore,
Background verification is a necessary element of recruitment. 1 in every 6 candidates were found to lie on their resume in 2017. According to another survey by CareerBuilder, more than half of the 2500 managers interviewed said they had caught the lies in their prospective employees’ resumes. While most commonly
1 in every 6 candidates were found to lie on their resume in 2017, according to AuthBridge’s Benchmark study. Background Verification data analysis reported Resume Frauds to rise by 48% compared to 2016. Thanks to the readily available job information across job portals and accepted increased attrition and frequent switching
Tech-enabled background checks are transforming the way hiring and on-boarding is performed across industries. HR is increasingly adopting HR Technology to lead business growth needs across organisations. New-age products & screening services ride on an array of capabilities assimilated from various services providers. Powered by technology, all these platforms leverage digital APIs to
Businesses today operate in a collaborative mode and third-party vendors are a necessary part of this collaboration. Conducting vendor due diligence is critical to strengthen trust and mitigate risks. Vendor due diligence helps businesses join hands with reliable and competent agencies while ensuring compliance with legal or regulatory mandates. Vendors –
An overview of due diligence Due diligence involves conducting thorough research or audit of an investment, firm or product. It basically involves the various steps involved in analyzing the details before entering into an agreement or before a financial transaction with other parties. Due diligence also comprises of the investigation that
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The most noteworthy aspects of our collaboration has been the ability to seamlessly onboard partners from all corners of India, for which our TAT has been reduced from multiple weeks to a few hours now.
