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Businesses need to have strong background verification systems and policies to ensure that they hire the right candidate for the right job without sacrificing ethics and integrity of the company. Strong background verification processes map the candidate’s skills, experience, education and attitude to the requirement of the company. They also
Nearly seven out of ten businesses have been affected by bad hires, according to a CareerBuilder report. Identity thefts claimed more than fifteen million victims in the past two years. Injuries at the workplace, theft, data, and security breach are just some of the concerns that prompt companies across the world
The emergence of new business models New business models in India are emerging that are changing the way we live or do business. The entrepreneurial mindset has caught up in a big way and India is recognised as a fast-growing destination for startups. Boosted by angel investors, groups and crowdfunding initiatives,
Due to the limited size of the workforce, small businesses operate on an intimate level. They do not hire as many employees as your typically large corporations and therefore are much more dependent on each individual employee. Employees often need to take on multiple responsibilities and interact with each other
In the face of technology disruption and initiatives such as “Make in India” and StartUpIndia, there is a focus on job creation. With multiple avenues opening up, recruiting managers are pressurised to make the right hiring decisions in quick time while ensuring the organisational goals for hiring and retaining are
Three out of ten business failures are the result of thefts at workplace carried out by employees while at least 30% of resumes are falsified. A recent Times of India data analysis based on the report by RBI shows that in public sector banks, one bank personnel is caught for
More than 7 crore Indians are believed to be addicted to drugs. The most recent report that was presented in the Rajya Sabha shows ten suicides occur in a day in India due to drug abuse. In 2014, according to the National Crime Records Bureau, 3,647 suicide cases occurred due
Attrition can cost up to 2.5 times the salary of an employee and is a major pain point for HR. One of the most critical issues that companies face relates to the retention of valued employees. Given the market competition in terms of talent acquisition, there is a high rate
Credit check ensures the prospective employee is stable financially and is responsible for managing his/her own finances. Employers are increasingly employing credit checks as part of employee screening services to protect the company from financial mismanagement. Credit check provides an insight into the likelihood of the candidate indulging in fraud
Even as unemployment reached an eleven-year high figure that runs into millions, the economic downturn is leading to a financial crisis. Companies resort to budget cuts on many aspects including background verification, security, and labor to save on expenditure. These short cuts, however, do not lead to success as wrong hires
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