Determining what background verification concept you want is only part of the journey. With a shared understanding of your vision, we can co-create a roadmap and deliver a background verification that meets all your requirements.
And with our dedicated team, global presence, in-depth background verification expertise and many years of continuous innovation, we at Appexigo background verification Professional Services are the ideal partner to help you turn your plan into reality.
What is Pre-employment Background Screening?
A background screening process establishes the true identity of the person and verifies the information provided in the resume. The process enables the organization to minimize the risk of frauds, thefts, industrial espionage, operation disruptions, property destruction, reputation damage. Most importantly it facilitates the organization in providing a safe and secure work environment.
Why is it required?
Employees are the most valuable assets of the organization. The organizations are focused on hiring the best candidates to achieve growth, turnover and competitive advantage. While hiring attention is on selecting candidates with the required soft and technical skills, there is very limited emphasis on knowing the prospective employee’s background and determining the true identity of the person.
Given the backdrop that terrorists, financial crime groups, narcotics dealers etc. are implanting their resources within the organization for the purpose of obtaining sensitive information or providing their resources a discrete cover, it becomes critical for organization to have proper screening processes.
Secondly, various reports issued by consultancy companies indicate that at a minimum, 25% of candidates submit false or inaccurate resumes. The inaccuracies normally are relating to salary, job title and duties, education etc. Considering this, the honest candidate loses out on the job and a dishonest candidate is selected since reliance is primarily placed on the resume.
The pre-employment background screening process also helps in complying with some of the country and industry specific regulations and laws.
An incorrect hire can result in financial, legal, operation and reputation loss and damage. Additionally the organization incurs the cost of hiring, training, etc. If a serious offence is done by the employee there is significant reputation damage and employee morale loss. A well-developed and implemented policy can substantially mitigate these risks and resultant losses.