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A recent PwC’s Global Economic Crime Survey finds 1 in every 4 organisations is impacted by economic crime committed by employees. In India, the top 3 industries hugely susceptible to economic crimes are financial services, manufacturing and professional services, the survey presented.The economy is clearly expanding exponentially with big companies
In April 2018, an instance of a senior employee of an e-commerce company committing fraud made headlines. The accused entered into a fraudulent agreement with one of the suppliers. Substandard products supplied by the vendor were priced on par with genuine products. The company had to file a police complaint
A Gallup study highlights the fact that 87 percent of employees across the globe, including leaders, are not engaged at work. Disengagement at any level can cost companies up to $96 billion in terms of lost productivity annually. Senior leaders are responsible for mobilizing teams and boosting engagement at junior
With the outgrowing speed of technology boom in India, efficient hiring is the biggest trigger for ‘instant’ background verification today! Every industry sector is experiencing shortage of talent and trust in the way hiring is being done. With the overall discrepancy level significantly rising from 10.29% to 15.21%, a great
The importance of address details and their role in identity theft Today, due to the increased digitization of personal information, identity thefts and frauds are on the rise. Increased counts of identity thefts are causing concerns while hiring suitable candidates. Address detail is an important personal information of any individual
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
A resident of Ahmedabad was shocked when he suddenly received a phone call asking if he was the guarantor of a loan. When he verified the same at his bank, he found that someone had used his PAN number along with two years’ IT returns and changed the relevant information
What does it take to find a people a boss with exceptional leadership traits? It definitely takes a lot, much more than conducting a mere interview. An ideal leader should be a person who understands the importance of building great sincere teams ; having great organisational skills; possessing strong communications
Background verification is a crucial process for any organisation regardless of the industry they belong to. You should not blindly trust whatever information an applicant has provided in their resume. If it turns out he/she had provided incorrect information at that time, it could create unnecessary problems for the business.
A company is only as good as its employees. Bad hires can cost companies significantly in terms of finance and reputation. Hiring the right people is crucial for business success. Role of talent acquisition in effective hiring Businesses need to give top priority to talent acquisition as hiring the
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