What does BGV mean and why is it required?

What does BGV (Background Verification) mean and why is it required

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The process of Background Verification (BGV) has to be seen in the context of a technology-driven hiring space which is still evolving. The job market competition has never been this cut-throat, in the middle of a talent war. Candidates are going way beyond their potential to get a rewarding job and exceed employer expectations. Even the employers are making drastic moves to attract and retain top-notch talent. With the ever-widening talent demand-supply gaps, your approach to hiring can go all wrong. It’s a do-or-die situation for HR teams. 

There’s no mistake as costly as employing a wrong hire into your company. Nearly three of four employers report that they’ve hired the wrong person for a critical position. [Source: Career Builder]. The best one can do here is to reduce future risks by checking the candidate’s past records and staying alert through and through.

What is the full form & meaning of BGV?

The full form of BGV is Background Verification which refers to verification of potential employees by companies. It is a process of collecting and verifying information about an individual’s background, past history, qualifications, and education for the purpose of protecting an organization or business from potential risks.

It is done to ensure that your employees are who they say they are and that they have not been involved in any anti-law, fraudulent activities in the past.

 

What all is checked in BGV?

There are several checks that can be used for BGV, including educational verificationemployment verificationcriminal record checks, credit checks, validating references, address verification, testing for drugs, and social media checks.

Below are some of the aspects which are verified and confirmed by way of BGV:

  1. Employment claims
  2. Mismatches in education records
  3. Discrepancies in the last salary received 
  4. Work experience in unrelated fields 
  5. Fake degrees from unrecognized colleges
  6. Stolen, fake identity proofs 
  7. Past criminal history
  8. Poor market reputation
  9. Forged address

Why is BGV done by employers?

Many candidates think that a background verification checker will not dive deep into the information stated on the resume and resort to exaggeration to add a little punch there. So, in such a situation conducting BGV becomes important.

Some of the top reasons stated by employers for BGV are:

  • To prevent fraudulent activities within the company/organization
  • To prevent identity theft
  • To maintain compliance with government regulations

The BGV checks also play a pivotal role in uncovering the following aspects:

Reveals criminal past: Imagine how it would be to hire a criminal! Of course, hiring a candidate with a criminal record poses a serious threat to your organization’s future. One of the main reasons why criminal record check is the key while screening new employees. Using proprietary databases powered by AuthBridge, it is possible to run criminal record checks nationwide, across state, city, county, etc to find out if, when, and where a crime has been committed. This enables you as an HR to make a sound and informed hiring decision.

Ensures a safe workplace: For every employer, creating a safe working environment is on high priority. If not taken care of, as custodians of the company, you are to be held accountable.

Without a background check, chances are that you’ll take interviews of candidates who have a dark history behind them. From hiring sex offenders to violent criminals, you just cannot risk your employees and workplace for it. But what happens if you skip background verification and end up hiring these kinds of unwanted social elements? It will only compromise your workplace safety and brand equity. So, by now you understand the importance of BGV in today’s hiring scenario.

Protect against reputational risks: What do you want to achieve the most as an HR? Do you want to protect your company’s reputation? Then start moving in tandem with the changing times now. It’s the value addition of your actions and how swiftly BGV can be adopted as the first onboarding step.  After all, it’s all about attaining peace within the mind! It is obvious that you want to do everything in the direction of building a successful organization. And this can only be turned true when the best talent is hired to run crucial businesses and processes. We understand that lengthy and cumbersome verification processes can create bottlenecks, but worry no more. With AuthBridge’s AI-powered Employee Background Screening, you can ensure building an authentic, power-packed team. Don’t think, just act to include background checks in your HR agenda right away!  Nowadays, Technology is the catalyst for employee onboarding & background verification.

All things apart, there’s no room for a mistake that can easily be covered through the process of BGV. So, unless you want your company’s safety to get compromised, it is best to run background checks to make smarter hiring decisions, easy. It is the one and only way to spin the wheel of fortune in the direction of powerful teams and business growth.

AuthBridge is India’s largest background verification company. If this interests you, write back to us at sales@authbridge.com or share your details with us on our contact us page for more information.

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