Unfortunately, India is one among the leading country in the APEC region suffering from resume discrepancy issues. At least, 4 out of 10 resumes are having discrepancies. Wrong hires always been a pain which has ridiculous impact on a company's credibility and valuable data.
The major discrepancies are identified prominently in employment experiences followed by education qualifications.
The fact to note here is that most of the companies in the top 3 verticals are not conducting the proper background verification before hiring their employees. One of the common reasons quoted for this is 'Referral Hiring'. The person recruited through the known sources is believed as clean which is may not the case.
Also, people from reputed educational institutions are blindly considered as clean. But mostly there is always 10-15% of the students are not completing their courses on time due to various reasons.
When they come out of college and getting into the job market, noticeably getting into malpractices.
The current education systems, a wide range of information access and technology created a serious competition in the job market which also resulted in instigating the candidates to alter their resume details in getting their desired job. While background checks are recognized as legal in India, the employee background screening industry remains most unorganized. It is important for the employer to choose the right vendor based on report quality, verification methodologies and Turn Around Time.
Nowadays, frauds and fiddles have become overriding that organizations have started focusing on proactive risk management.
Standardised process and high performance output
All the process are bound by TAT commitments
Technology driven process with user friendly access
Information made available for easy reference in future