Illustrating The Industry-Specific Needs For Background Verification

Businesses, despite their size and status, struggle to cope with employees having deceitful work records. To avoid hiring spurious individuals, organizations are increasingly adopting employee background verification services. These background checks enable employers to make sure they are hiring trustable candidates and building a responsible workforce. Since every industry has different hiring needs, the employee background verification process is not a “one-size-fits-all” service. Therefore, to gain maximum benefits, verification services must also be exceedingly industry-specific. In this article, we will delve deeper into the industry-specific needs for background verification.

Importance Of Background Verification For Different Industries

IT Sector

With the expansive growth of the IT sector, the number of fraudulent cases has also gone up. The nature of possible scams and forgeries encompasses instances such as theft of data, stealing passwords, selling data to competitors, unlawful data breach, and more. Therefore, it has become essential for companies to take special care in preventing, detecting, and handling frauds. To reduce such instances and maintain a hygienic working environment, the first step that companies can take is to conduct employee background verification. Some of the checks that are a must for the IT companies include:

•  Education & employment verification
•  Professional reference
•  Criminal records
•  Global database check
•  Drug test

Learn more about what can be revealed in a background verification check in this blog.

Banking, Financial Services & Insurance (BFSI)

The banking, financial services, and insurance (BFSI) is yet another sector that faces frauds and scams time after time. Research reveals that these scams usually involve mid-level to senior management employees. The nature of frauds in this sector include:

•  Identity theft
•  Accounting fraud
•  Fraudulent loans
•  Forgery of checks
•  Phishing and internet fraud
•  Wire transfer frauds

The banking, financial services, and insurance (BFSI) is yet another sector that faces frauds and scams time after time. Research reveals that these scams usually involve mid-level to senior management employees. The nature of frauds in this sector include:

Healthcare

From the safety of patients to the security of confidential health records, healthcare organizations are endowed with hefty responsibilities. Thus, employees serving in the medical sector must be conscientious and reliable. An extensive check of candidates’ employment records, professional references as well as criminal databases must be administered. These verifications are crucial for showcasing candidates’ professional records. The professional licenses and other credentials attested by employees should also be verified before employment. Due to the nature of the job, pre-employment health checks and drug tests must be a part of their industry-related background checks.

You can also read A Fundamental Guide to Conducting Employee Background Checks.

Employee Background Verification: A Crucial Need

As the employment market is vast and diverse, so must be the nature of hiring procedures. Internal background screening can be complicated at times. Therefore, hiring proficient background verification companies like Flink Solutions can assist you with robust screening systems. Our comprehensive screening methods are designed to provide customized verifications for the industry-specific needs of our diversified clients.

If you would like to know more about it or get a demo, drop us a line at email@flink.in or give us a call at 080-4687-2403.

Top Five Benefits Of Pre-Employment Background Checks

In the current business ecosystem, employee background verification has become a healthy measure. However, most companies believe a basic social media check is enough, but in reality, it is not. To upgrade the quality of hiring, organizations must conduct an end to end background check on candidates. Through this process, a complete background history, including education, previous employment, court records, etc., can be validated. Moreover, most of the candidates lie in their resumes. Therefore, a proficient background verification company can help you design an employee screening program specially tailored to your company’s needs. Let us explore some of the considerable advantages of pre-employment background checks.

Benefits Of Pre-Employment Background Checks

Improves The Quality Of Job Applications

Conducting a pre-employment background check can dramatically enhance the quality of job applicants. Any misrepresented information regarding education, qualifications, previous jobs, etc., can be detrimental to an organization. Pre-Employment Background Checks ensure complete verification of potential employees to weed out candidates with any discrepancies. Along with fewer misstatements of job applications, it reduces applications from candidates who try to hide serious issues. Subsequently, it encourages applications from quality aspirants who can add value to the organization.

Establishes A Safe And Productive Workplace

An unfit employee can cause severe mishaps in the workplace. Administering background checks will reduce any workplace violence by eliminating candidates who can present a threat to the working environment. A comprehensive screening of records can outline any critical behavioral habit that may pose a threat in the future. By ensuring a safe working environment, you can enhance the productivity of its workforce, leading to better achievement of organizational goals.

Eliminates Negligent Hiring Risks

Negligence in the hiring process can dent the reputation of any organization. In many cases, the companies are directly held accountable for their employees’ actions. It is because the companies have a legal and moral obligation to maintain a safe environment. They must make sure their employees do not have any previous criminal records or unacceptable habits. Companies that neglect these background checks before hiring end up being liable for any misconduct. In some cases, due to the filing of a lawsuit, companies suffer immeasurable damage due to negligent hiring. Thus, companies are increasingly adopting background checks before hiring employees.

Also read: 7 Common Myths Debunked About Background Screening Services.

Minimizes Employee Turnover

By applying background screening, you improve the quality of your hires. Employees who are honest and competent for the job role can build a robust workforce. Moreover, these employees are less likely to leave the company or make others want to quit. Hence, pre-employment background checks can minimize your organization’s employee turnover.

Reduces Substance Abuse

Pre-employment background checks also screen candidates for any records of substance (drug) abuse. You can check if the potential employees have incurred any charges related to drug or alcohol abuse previously. The drug tests also ensure the elimination of candidates who are currently consuming drugs. Thus, administering this process helps employers maintain a healthy and safe working environment.

Learn more about what can be revealed in a background verification check in this blog.

Conclusion

Pre-background checks prevent organizations from hiring incompetent employees and reduces the loss caused by fraud and dishonesty. Additionally, it improves the quality of hires through its screening process and enables companies to maintain a safe working space.

If you have any queries regarding background checks and pre-employment screening services, get in touch with us here. Our team of professionals can help you with comprehensive solutions to meet your company requirements.

Evaluating Employee Potential With Psychometric Testing

Recognizing unique talents, nurturing, and retaining them is a crucial part of an organization’s success. The past performance of an employee is not a reliable marker of their future endeavors. Their potential to perform under any circumstances is what determines their ability to lead and contribute to your organization.

Psychometric testing is a comprehensive set of tests that enable organizations to identify skilled employees. From personality assessments to situational judgment and logical reasoning, psychometric testing covers it all. Apart from recognizing quality employees, these tests can also help organizations understand the different personalities that exist in your organization. Also, evaluating your employees’ potential will help you identify the future leaders of your organization.

Let’s delve deeper into the subject of psychometric testing and the different types of tests included in it for employee evaluation.

What Is Psychometric Testing?

A mismatch of organizational values and mindsets within a workplace can degrade the overall performance of the company. Psychometric testing is a method of eradicating such mishaps. With these tests, organizations can optimize their recruitment processes to ensure pragmatic employment. The extensive set of tests can unfold a potential employee’s personality and performance. Besides, it can also aid decision-makers in ascertaining whether a candidate is fit for a particular job role.

Every organization needs a thriving employee base to succeed in its ventures. One wrong hire can disrupt the proceedings, lead to additional economic liability, and cause grave repercussions for organizations. Therefore, implementing psychometric tests has almost become a necessity. It lets you conduct an objective and result-oriented analysis to cumulate quality employees for your organization.

What Is Included In Psychometric Tests?

Psychometric test services involve a series of tests to determine employees’ ability, engagement, and aspirations. During recruitment, these tests can bring out the personality traits of individuals that are not surfaced on the resumes. A well-crafted set of questions enables employers to screen individuals based on their analytical ability, psychological capability, and behavioral traits. It carefully administers questions that have no direct right or wrong answer. Thus, it brings out the analytical capabilities and personalities of various individuals. This process helps in determining the right role of an employee in the organization.

Read full article here: Evaluating Employee Potential With Psychometric Testing

What Can Be Revealed In A Background Check?

An employee background check is integral to the recruitment process enabling hiring managers to make well-informed decisions. According to a PBSA (Professional Background Screening Association) survey, over 96% of employers in the US diligently conduct employee screening either by themselves or through background verification companies. Employers can garner conclusive data about potential candidates and evaluate personality traits essential for different roles.

What do Employee Screening Services Entail?

A comprehensive process covers a range of background screening services. An employer can conduct checks for verifying the following aspects of an employee-

•  Criminal records
•  Educational background
•  Credit check
•  Drug screening (for substance abuse)
•  Employment history (for experienced candidates)
•  ID and address verification
•  Professional references

There’s no prerequisite order for performing screening. Employers have the freedom to select different checks based on their needs, nature of the job, and location. An employer may execute a particular check based on their motivation including criminal, employment history, and identity checks. The biggest motivation for any organization while conducting screening is to safeguard its employees and clients from any potential risk.

What an Employer can Expect from Background Checks?

Harvard Business Review revealed in one of its articles that at least one out six job applicants misrepresented themselves to induce an employer to offer them the job. Resume frauds and manipulation of data are among the most common convictions. A wrong hire can add to a company’s costs and hurt its bottom line in the long run. Employee screening services tackle this issue and, thus, save an organization from bleeding a fortune.

Read full article here: What Can Be Revealed In A Background Check?

Top Seven Myths Around Background Screening Services Debunked

For an organization, hiring an employee is a complicated process. From identifying job requirements for a position to planning recruitment ads and training essentials, the process can be long enough even before the actual screening can begin. Amidst this chaos, recruiters often willingly skip the background verification process to escalate hiring.

Poor hiring decisions can reduce a firm’s productivity and might lead to costly delays and, ultimately, a loss in revenue. According to a study, even single poor hiring can cost a company up to 20 lakhs. Instead of following a herd mentality, an employer’s focus must be on making informed decisions. However, employers still tend to shy away from background checks. Despite the benefits of background screening services, the decision ultimately comes down to some surrounding myths.

To eradicate negative connotations about background screening services,we have debunked the seven most common myths to enable authentic hiring.

1. Background Screening Services are Expensive

It is the most common belief among employers. They regard background screening services as an expensive instrument that they skip for reducing costs. However, they often forget that the consequences of a poor hiring decision can go beyond the cost factor. It can affect a company’s morale and reduce team productivity. Indeed, top background verification companies like Flink provide quality services within an allocated budget. So, instead of being short-sighted, companies must understand the long term benefits of employee screening to prevent future credential fraudulence.

2. All Background Checks Provide the Same Information

Employee background verification companies obtain information about a prospective employee from different sources for validation. Therefore, it is unlikely that they will contain the same data. The verification process, in its essence, remains the same for various checks, which is to validate data about a candidate. However, the aspects verified may vary as per different categories, including criminal records, drug testing, professional experience, and educational qualifications.

3. Candidates Even with a Single Criminal Record Should be Banned

It is the most misconstrued belief among both employers and candidates. The background verification process is not a flaw finding mission. Most recruiters believe that a candidate with a single criminal record is not fit for hire. For instance, a person with a single DUI (driving under influence) record might not be fit for a driver’s role, but can still qualify for a clerk’s position. Blanket banning candidates might not be a reasonable choice by employers. Due to it, employers may lose out on some competent employees.

4. Only Large Multinational Companies Require Background Checks

Whether it's an SME, a Fortune 500 company, or a business dealing with gig economy workers, background checks are critical for every company. The sole purpose of a background check is to protect the interest of both employers and candidates. It aims to present a credible job with a worthy candidate and vice versa. Also, many roles require employees to handle sensitive information. Therefore, employers must carefully scrutinize them during the hiring process.

Read full article here: Top Seven Myths Around Background Screening Services

Importance Of Right Employee Screening Vendor

 

With the arrival of Digital India and the Make in India movement, start-up initiatives have generated over 560,000 jobs since 2016. However, easy access to job information across different portals (like Naukri.com) and high competition created difficulties for candidates to get the desired line of work. It has led to a rise in deceitful employees.

Additionally, with multiple avenues opening up, recruiting managers struggle to hire eligible candidates within an appropriate time. To expedite the recruitment process, managers and HRs often make bad hiring decisions.

Why do they need background check services?

According to a recent study, one in every six candidates lies on a job resume in India. Employee discrepancy levels have risen by 48 percent. Many cases go unnoticed due to oversight by organizations. A drop in the quality of the workforce not only affects productivity but also exposes an organization to various risk factors. Some of the risks include data theft, damage to a brand’s reputation, and criminal risk for other employees and clients. Fake employees have become a plague for recruitment.

Bad hires not only hurt a company’s bottom-line but also become a liability. With inflated salaries and other employee prerequisites, they only increase the company’s cost.

Employee Background Verification Services in India

Employee background verification shouldn’t be a choice. Instead, it should become a mandate for every organization to tackle misrepresentations and fraud resumes.

Indian corporate sector is now acknowledging this fact and tackling it by adjoining employee screening with recruitment. Another study reported that India witnessed a growth of 13 percent in background screening cases in April- June 2019.

But, we cannot deny that the country still lacks a streamlined process for background screening. It necessitates organizations to be more vigilant while selecting a third-party vendor.

Awareness of a candidate’s educational and employment history isn’t worthless. However, an organization might not need the degree and extent of check that each service might offer. Sometimes, even a basic identity check might be enough to meet a specific requirement.

Organizations must understand the fact that ultimately, the hiring decision will be depending on the quality of the information provided by their background verification company.

Read full article here: Importance Of Right Employee Screening Vendor

A Fundamental Guide to Conducting Employee Background Checks

The Indian corporate sector has undergone many changes with its business practices. Employers and recruiting managers have increasingly become vigilant about their hiring practices and have adopted employee background checks as a mandate. In the wake of employee credential fraud and data misrepresentation, employee background screening has become a critical requirement for organizations. According to a survey conducted by NAPBS (National Association of Professional Background Screeners) over 1,528 HR professionals, 96 percent of them stated that their organization handles one or more kinds of employee background checks.

In case you are among the four percent and want to gain valuable insights into employee background checks, this article can act as a guiding light for you.

What Happens In An Employee Background Check?

An employee background check is a complete review of a candidate’s social, criminal, professional, and financial records. It entails a thorough screening of a candidate’s employment history, educational and academic details, legal data, credit scores, among many other aspects. Quite often, employers conduct background checks on job candidates passing the interview process. It is a valuable instrument as background checks safeguard organizational assets, promote workplace safety, and reduce employee turnover through authentic hiring. In this way, an employee background check protects an organization’s corporate reputation by inspiring confidence among clients and shareholders about its team.

What Does A Background Check Reveal?

Organizations conduct comprehensive screening of candidates alongside background verification companies through a variety of checks. These may include address and ID verification, drug and substance abuse testing, professional reference checks, etc. However, organizations usually emphasize on the following-

Read full article: Fundamental Guide to Conducting Employee Background Checks