The number of companies looking for ground level hires is on an upswing. As per an Economic Times article, Ericsson is likely to hire around 1000 employees to start its new manufacturing plant in Pune. With hiring on such a massive scale, there’s a greater need for fast, exhaustive background verification. More investment in manpower is likely to take place with global expansion of companies.
Company will continue with its investment in terms of manpower and hiring companies will vie to hire only reliable employees. Background verification might not help to verify first-time offenders but they definitely act as a deterrent.
More To Explore
RBI’s Key Fact Statement Extended For All MSME, Retail Borrowers
The Reserve Bank of India (RBI) has recently introduced the Key Facts Statement (KFS) guidelines aimed at enhancing transparency in the lending process for retail and Micro, Small, and Medium Enterprises (MSME) loans. These guidelines
Sanctions Screening: What It Is and Why It Matters For Compliance
What Is Sanctions Screening? Sanctions screening is the systematic process of checking individuals, entities, and transactions against lists of sanctioned parties maintained by regulatory authorities. This process is crucial for financial institutions and international organizations
Different Types of Business Information Reports and Their Importance
What is a Business Information Report? A Business Information Report (BIR) is a detailed document that offers comprehensive insights into the factors influencing a company’s profitability, financial stability, liquidity, and payment performance. It monitors the
