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.