Why Employee Background Screening is Imperative in India?
By Archna Oberoi | 13th May 2018 | #verification importance
Over the past few years, the Indian government has been proactive in its initiatives to raise employment opportunities. Digital India, StartUpIndia, digitization and globalization are some of the reasons why there is a spike in the number of jobs created across India.
With advances in technology and rising internet penetration, there is a dramatic shift in how interviews are conducted and candidates are scrutinized and hired for the company. The trend of having virtual interactions is increasing. Although, it’s a great way to initiate conversation with the aspirants, it doesn’t introduce recruiters with their actuality.
Also, resumes don’t communicate the real story of the candidate. Increased competition amongst candidates for skills and other professional aptitudes is making it difficult for them to land a job of their dreams. This, as a result has instigated them to fake their key credentials to bag the job, which ultimately results in bad hires.
The state of resume fraudulence in India
Studies suggest that 1 in every 6 candidates in India lied on their resume and that the bad hires cost up to 5 times their annual salary, which is alarming.
According to AuthBridge's annual study for the year 2017 (India), 15% of candidates misrepresent their information on resume for a brighter and quicker career advancement. This includes tweaking parameters in CV like education, previous employments, awards and recognitions, references, and even identity.
Further details from same study reveals that:
1.27% of the candidates fake about their employment tenure on resume
0.66% provide fake or forged education documents
2.34% of candidates were found to not reside at given address
These revelations were made when companies opted for background verification process rather than just entrusting the resume and F2F rounds.
Background screening should be a mandate and not an option
A bad hire is unaffordable
. Considering the state of hiring practices and resume fraudulence in India, it is imperative for both startups and established organizations to evaluate their candidates before handing over the offer letter to them. Along with validating an applicant with above mentioned parameters, the background verification helps to assess candidates for their soft skills.
So, if your talent acquisition team still follows the old-school approach of assessing candidates before hiring them, then it’s high time to implement the change. And what’s more compelling about adoption of BVG system is the technical aids, available in the form of software applications like OkHire.
If your organization is giving a thought to implementing employee background verification in the hiring process, you can schedule a demo for our automated employee screening tool