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.