Shocking News in the Corporate World
We woke up to shocking news on 21st June '18: Ramesh Tainwala, the CEO of Samsonite, was asked to exit the company for falsely claiming to possess a doctorate in business administration. This episode is not a rare occurrence in our corporate world. Time and again, we have witnessed candidates, managers, and CEOs fudging or lying about their qualifications, work experience, or personal details. This is not limited to a certain band but is common across companies, industries, and hierarchies.
Fake Degrees and Mark Sheets on the Rise
Recently, a Delhi University graduate, along with his two friends, was arrested by the Delhi police for operating 27 fake websites that sold fake mark sheets and degrees! You read it right; degrees and mark sheets are on sale! You name it; they had it—class Xth, class XIIth, graduate degrees, postgraduate certificates, MBBS certificates, BEd, JBT, ITI mark sheets, and certificates from 27 universities across the country. These crooks have sold over 50,000 mark sheets and degrees. Think about it, how many fake degrees and mark sheets are there in the job market? How many are doing the rounds? Do you think we may have come across one of them? Thousands of people have secured jobs through these forged certificates. Some of the universities whose fake degrees and mark sheets they have sold are Sambalpur University, Odisha, University of Allahabad, Sikkim University, Karnataka State Open University, and Nava Nalanda Mahavihara. This gang has been operating this racket since 2001 and has made crores of rupees.
The Prevalence of Resume Fraud
About 50% of applicants and employees lie, glorify, or use embellished or inaccurate information on their resumes. The most common area identified has been education verification. As an employer or recruiting manager, you have to be vigilant and ensure you get your employees' and prospective candidates' education degrees verified. Don't trust that genuine-looking degree! We have scores of printing presses and crooks at work. Faking or submitting fake or tampered degrees, I always thought, was more rampant at the 'bottom of the pyramid.' But like in Tainwala's case that I mentioned above, the statement falls flat. We have had other high-ranking fraudsters—David Tovar, Wal-Mart's former VP of Corporate Communications, ex-Yahoo CEO Scott Thomson, and Bausch & Lomb's former CEO Ronald Zarella—all of whom have faked information about their educational qualifications.
The Growing Concern of Background Check Discrepancies
A recent study revealed that one in every six candidates lied on their resume in 2017. The background check discrepancy levels increased from 10.29% in 2016 to 15.21% in 2017. Discrepancies have been noted in educational qualifications, address verification, and during reference checks. The University Grants Commission (UGC) has published a list of 24 fake universities. The UGC has warned students and the public not to enroll in these 24 'self-styled' fake universities. These institutions have been declared as 'Fake Universities,' and they are not entitled to confer any degree. The detailed list is also available on the UGC website - www.ugc.ac.in.
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We woke up to shocking news on 21st June '18: Ramesh Tainwala, the CEO of Samsonite, was asked to exit the company for falsely claiming to possess a doctorate in business administration. This episode is not a rare occurrence in our corporate world. Time and again, we have witnessed candidates, managers, and CEOs fudging or lying about their qualifications, work experience, or personal details. This is not limited to a certain band but is common across companies, industries, and hierarchies.
Fake Degrees and Mark Sheets on the Rise
Recently, a Delhi University graduate, along with his two friends, was arrested by the Delhi police for operating 27 fake websites that sold fake mark sheets and degrees! You read it right; degrees and mark sheets are on sale! You name it; they had it—class Xth, class XIIth, graduate degrees, postgraduate certificates, MBBS certificates, BEd, JBT, ITI mark sheets, and certificates from 27 universities across the country. These crooks have sold over 50,000 mark sheets and degrees. Think about it, how many fake degrees and mark sheets are there in the job market? How many are doing the rounds? Do you think we may have come across one of them? Thousands of people have secured jobs through these forged certificates. Some of the universities whose fake degrees and mark sheets they have sold are Sambalpur University, Odisha, University of Allahabad, Sikkim University, Karnataka State Open University, and Nava Nalanda Mahavihara. This gang has been operating this racket since 2001 and has made crores of rupees.
The Prevalence of Resume Fraud
About 50% of applicants and employees lie, glorify, or use embellished or inaccurate information on their resumes. The most common area identified has been education verification. As an employer or recruiting manager, you have to be vigilant and ensure you get your employees' and prospective candidates' education degrees verified. Don't trust that genuine-looking degree! We have scores of printing presses and crooks at work. Faking or submitting fake or tampered degrees, I always thought, was more rampant at the 'bottom of the pyramid.' But like in Tainwala's case that I mentioned above, the statement falls flat. We have had other high-ranking fraudsters—David Tovar, Wal-Mart's former VP of Corporate Communications, ex-Yahoo CEO Scott Thomson, and Bausch & Lomb's former CEO Ronald Zarella—all of whom have faked information about their educational qualifications.
The Growing Concern of Background Check Discrepancies
A recent study revealed that one in every six candidates lied on their resume in 2017. The background check discrepancy levels increased from 10.29% in 2016 to 15.21% in 2017. Discrepancies have been noted in educational qualifications, address verification, and during reference checks. The University Grants Commission (UGC) has published a list of 24 fake universities. The UGC has warned students and the public not to enroll in these 24 'self-styled' fake universities. These institutions have been declared as 'Fake Universities,' and they are not entitled to confer any degree. The detailed list is also available on the UGC website - www.ugc.ac.in.
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