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1 in every 6 candidates were found to lie on their resumes in FY17. The discrepancies (mismatch in information shared by a candidate during job application and the information verified during background verification.; source: Annual Trend Report 2017) rose by 48% PAN India compared to FY16, indicating increased fraudulent manipulations to
15.21% candidates misrepresented info. to their employers in FY 2017 to bag lucrative jobs! (Ref: Annual Trend Report 2017 by AuthBridge) Trust is the essence of all human relationships! Organizations hire Talent to ensure business success. However, they need to take a brutally honest view of the talent they hire- Are they
The Electronic Know-your-customer (e-KYC) process, based on Aadhaar or Unique Identification Number is transforming operations across businesses- saving time and money while delivering a seamless experience! Using Aadhaar information and biometric/OTP-based authorizations, e-KYC enables businesses with a paperless onboarding process, reducing onboarding time from days to minutes! With more than
Recently, Aadhaar has seen a lot of attention in a very short span- rightly so, it being the World’s largest biometric database. Multiple articles have reported that employers are increasingly using Aadhaar based identity verification With such a verification mechanism, a weeklong process can be done in just about 15
As reported by The Hindu, the Goa State Commission for Protection of Child Rights has suggested mandatory Police verification for any person appointed to work at child care institutions. Dr. Sushma Kirtani, Chairperson of the Commission suggested that all staff appointed at such centres will have to sign a child care protection
5.4 million consumers were victims of identity theft or fraud last year globally [1]. That’s up by 16% from the year 2015. Identity fraud and its related vulnerabilities are becoming increasingly rampant due to weak ID verification processes across companies. It is indeed important to keep identities safe and on-board
With the competition spiralling high for lucrative jobs, candidates tend to fake their educational credentials and achievements to portray the right fit for lucrative jobs. Many candidates produce certificates for full-time courses when they have pursued a distance learning program. Many others, quote a different program having completed a different
The financial services industry is an ever blooming industry operating on TRUST. After improved economic sentiments in the economy, hiring is picking up compared to 2016 in the financial services sector. The data dealt with in the financial sector is way too sensitive to be handed over to cr
A recent study revealed that identity fraud in India accounted for 77% [1]* of fraud cases in the year 2015. In the banking and financial sector, auto loans, mortgage loans, and credit cards witnessed the largest number of fraud cases from identity theft in the last year, representing around 85%
The decision to hire a candidate involves a lot of brainstorming. Screening one for the desired skills and experience is half the game! Hiring employees involves behavioral assessments, logical and psychological tests and more. This process of evaluating a candidate’s persona is known as ‘profiling’. The process of candidate profiling
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