The year 2016 has been quite eventful with the launch of the budget, rebate in income tax for resident individuals, changes in Provident Fund, turmoil in Kashmir, insurgency strikes on our army camps in the valley, Prime Minister Modi’s demonetization wave, etc. The beauty is, we sailed through it all!
What is a new year all about? For me, it’s about new beginnings, a clean new slate, a brand new chapter of life. Which is why, we all make personal resolutions for a new year. Although we struggle to cope with the string of new resolutions and for most of us they usually fizzle out before they even begin. I too make a string of resolutions for myself, which do not even see through the month of January. Nevertheless, we should not discontinue this age-old tradition of making ‘Resolutions’.
As we bid farewell to the year 2016 and bring in 2017, let’s make a workplace resolution for ourselves – Let us take the BGV vow! (BGV – Background Verification)
The background screening process involves carrying out checks at different levels in the organization like employee education check, previous employment check, address check, criminal record checks to reference checks, identity checks, drug testing, etc. The employee screening industry has been growing at a rate of 25% to 30% ever since 2007. Has your company been a part of this growth?
As per a recent background check trends report:
• Overall 10% of cases were closed as ‘Discrepancies’.
• Discrepancies in employment verification has been the highest at 43%
• Verification of education, address and employment checks are way higher in South India, followed by North India, West India and East India.
• Criminal Checks are high in North India, followed by South India, West India and East India
• In employment verification - exit formalities not being completed/staff absconding/disciplinary issues have topped the graph at 38% followed by fake documents submitted and mismatch in employment details.
• Under education check discrepancies - fake documents submitted have topped the graph with 55% followed by degrees from fake universities and degrees from unapproved institutes.
Today background verification is not restricted to sectors like IT, ITES/BPO, BFSI, it has also shown rapid growth in Ecommerce, Hospitality and Manufacturing as well.
A background check on a potential candidate and also on existing employees can yield only good news for any employer, be it from IT / Pharmaceutical / BFSI/ FMCG or Manufacturing. If the prospective screening is clear, it's great news. If an employer has already invested time, money and resources on an employee/ candidate and the screening reports come up with discrepancies, sweat not, it’s better now than later. The more you delay, the more damage it will lead to later on. Either way, a background screening proves to be a Win - Win situation for the employer/ human resources.
So take the BGV vow for 2017!
Wishing you and your families a very Happy New Year!
From India, New Delhi
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