Most risks and losses can be mitigated and are preventable. A bad hiring decision can have a debilitating impact on an organisation. Increasing technological complexities, threats from cyber crime, high-impact incident fallouts and toughening regulatory framework requires an effective management of people to reduce the risk across your organisation; strengthening its competitive position.
Understanding and knowing the antecedents of your employee will secure the organization from high-risk behaviour whether it is negligent or malicious.
At xDiligence we understand your need for a safe and secured workplace with a robust vetting mechanism which stresses on proven background screening techniques to ensure quality hires and can protect you from reputational risk and complicated regulatory compliance issues
Statistics on Profile Discrepancies
According to Monster.com, 46% discrepancy in resumes were recorded in 2017-18.
Economic Times reported that the most common discrepancies are about experience, compensation and position – 40% lied about tenure of employment, 30% inflated salaries and another 30% exaggerated designations, roles, etc.
University Grant Commission (UGC) has listed 23 educational institutes as “FAKE” and according to unofficial estimates there are 10,000+ “FAKE” firms issuing Fake certificates in India.
These have an impact on the quality of production and having “FAKE” certificate holders within the system can prove to be a risky proposition. It also denies an opportunity to the deserving and rightful candidate.
Background screening is a way to strengthen compliance within the legal and regulatory framework; a framework which will help improve trust among employees, customers and shareholders.