A common complaint among landlords is the tedious process of finding tenants. As a landlord, it is your responsibility to find suitable tenants due to the increase in tenant-related frauds in recent times. You may find it difficult, time-consuming, and overwhelming if you're not an expert in property management.......
Recently, India has seen an increase in tenant-related frauds, which means that it's a landlord's responsibility to find suitable tenants. To find a suitable tenant if you own a property, you need a sophisticated tenant screening process. Your property is likely to be protected and paid for on time by tenants who are serious about their own financial risk......
The advent of modern technology has transformed the traditional manual, time-consuming process of background screening into one based on actionable background information that is essential for hiring and talent management. Background screening will become more efficient in the future........
Performing a criminal records check is a significant component of the broader background check performed on each candidate before their hiring. Criminal records enable employers to investigate whether a previous employee has committed any activities that would harm their business. A criminal background check is generally......
You must secure yourself as a landlord against bad tenants. Background checks are an important aspect of tenant verification because they reveal information about the renter's past. If you have a lot of applicants, tenant verification might assist you to decide who to rent your property......
With an ever-increasing population and the dearth of housing, it is normal that most people are preferring to rent a house more than buy one. In India, due to growth in population and urbanization, there has been limited space to build houses and layout more constructions. This has enormously resulted in a shortage of affordable residences......
A company’s investment in a fresh employee is significant and every time a business hires a new employee, it is an investment in time, resources, and money. The hope is that they will remain with the firm and continue to provide outstanding work that has a positive impact on the bottom line......
The practice of screening an applicant for trustworthiness is known as background verification. Performing a cheap recruit can hurt a firm's image and make it difficult to function in general. Information Technology is a rapidly expanding business, and our nation is becoming increasingly reliant on it. Because IT consulting firms...
Most households are hiring nannies these days as it becomes increasingly difficult for working parents to keep a tab on their kids. Nannies are hired to take care of kids and an element of trust needs to be constant so as to make things work...
Startups are mushrooming with every passing day. Any startup comes with its own share of troubles which includes problems related to funding, competition, looking for the right talent that assists in building the company. The pressure to bring in only ideal candidates is pressing and so...
Have you been screened before a job interview that you’ve appeared for or post those arduous rounds of interviews? If you’re still waiting to hear from the Human Resource Manager, it is highly probable that he/ she is carrying out background verification on you. The work of fraud mitigation is generally outsourced to a third-party vendor so that a comprehensive verification of all the aspects of an individual are covered.
As businesses recover from the onslaught of the pandemic, everyone in the firms has been discussing how it has altered our lives and the entire modus operandi of hiring. Covid has also changed the manner in which workplaces operate as most of them have adopted the remote way of working.Every time, a Human Resource Manager sifts through the array of applicants that she receives, she has to go through the ones that seem ideal at first. If the initial criteria are met, she arranges for a video call.
Are you aware of the responsibilities of an HR Manager? A Human Resource Manager has a string of tasks to accomplish such as conducting interviews, onboarding new employees, providing training. They also have to ensure coordination between the employees of the firm and handle the overall working environment.
The entire manner, in which businesses operate, is evolving. Ever since the pandemic struck, most of us have been confined to the spaces of our homes. Hiring has also changed as most employees/recruits are being onboarded into companies virtually. The gig economy which mainly consists of freelancers and blue-collared workers such as food delivery executives, drivers who work for mobility apps such as Uber
It is sheer folly to end up losing lakhs of rupees while trying to save a few bucks. This mainly occurs because we cut corners. Background verification is one such aspect that quite often goes neglected. Although it has gained momentum, it is yet to acquire the stature that needs to be accorded to it. As per a survey conducted by the Economic Times, one bad hiring can cost Indian companies over Rs 20 lakh!
How familiar are you with the term ‘gig economy?’ In gig economies, flexible jobs are common as firms hire mainly freelancers as well as independent contractors rather than permanent employees. It had been predicted by CNN Business that 40 percent of workers will participate in the gig economy by 2020 and rightly so, the statistics speak for themselves.
Fraud Mitigation has gained a lot of popularity over the years as the number of fraudulent individuals keeps increasing with each passing year. As per reports collated by the Federal Trade Commission, 4.8 million Identity theft frauds took place in 2019. Screening any candidate before he/ she is recruited reduces the chances of a bad hire infiltrating your firm. The reason people misrepresent themselves is because it is easy to get away with it.
Background Verification services have different price range depending upon the kind of background check that needs to be carried out. For Identity verification, the issuing authority is the Unique Identification Authority of India (UIDAI). Identity checks range anywhere between INR 50-100. For the large volume clients, they come down to INR 25-50.
Employers are confronted with several workforce development challenges. Recruiting the right employee for the right job is one of the most significant concerns, and with a global economy and a highly mobile workforce, this task became more difficult. Employers can no longer make sound employment decisions solely based on candidate interviews.
Background checks on prospective employees are standard procedure in many industries before they are officially offered a designation. Using background investigations in the recruiting process can help to protect the body from negative publicity, protect the company's assets, and make current employees feel safe and comfortable at work.
We need to be absolutely certain of the employees that we recruit so that we do not end up incurring massive losses in the form of decreased productivity, lowered organizational morale and higher turnover costs. As per a survey conducted by the Professional Background Screening Association (PBSA), 94 percent of employers conducted at least one type of background check whereas 73 percent of employers had a documented screening policy.
Background verification entails thorough screening which involves going over an individual’s academic records, personally identifiable information (PII), criminal antecedents, credit scores and the like. Traditionally, the time taken by accredited background verification companies to get individuals screened takes about 15-21 days depending on the nature of verification that is undertaken.
In India, the number of job seekers far outweighs the number of jobs that are present. A lot of suspicious institutes have mushroomed that offer fake educational degrees and mark sheets in exchange for wads of money. Fudging credentials is done without any second thoughts simply because it is easy to. All academic records need to be verified in a stringent manner so that the employer can be completely certain of whoever he/ she takes in
It is the ideal way to go about checking one’s credentials as the employers or the Human Resource Executives of any firm do not possess the knowhow of dealing with the nitty gritties of background verification. Moreover, the amount of time and energy that goes into the entire procedure of background screening gets reduced considerably if the work is outsourced.
Due diligence is an inquiry, inspection, or survey practiced to substantiate truths or information of the subject in contemplation. In the economic world, due diligence needs analysis of financial data before entering into an intended contract with another entity.
There are plenty of reasons a job applicant might fail a background check, a bit longer complicated than others. If the applicant failed background verification after a job proposal, it does not surely imply you shouldn’t recruit them. Comprehending why the candidate didn’t succeed the background verification assists you reach an appropriate decision and conclusively drives you to the better option for your firm.
The importance of a background check is yet to be understood by the companies that are running their operations. The lack of a centralised system for a candidate’s complete background verification is another loophole that we must begin to live with. However, the process of getting a background screening done can be outsourced to certain companies that get a background check done professionally.
Information Technology is an ever-growing industry and our economy has become primarily technology-driven. IT services companies have a large number of workforces under their wing and making sure that each of their employees is genuine, becomes all the more important.
Everyone who runs a business needs a policy in place so as to avoid the infiltration of fraudulent practices and individuals who indulge in them. All those associated with a firm need to make sure that they do not get ensnared by something phoney as that will lead to complications and monetary losses.
It’s always easier to fib about one’s employment specifics than stating the exact truth. Exaggerating about one’s past employment is the easier route to opt for. It creates an image of the applicant that’s embellished and thus, improper. As per a survey conducted by CNBC, 78 per cent of people refrain from stating obvious facts and resort to lying in some manner or the other.
Are you aware of how crucial verification is in general? Each and every aspect of our lives needs to be validated and verified so that we know how authentic it is. From the edibles that we consume to the apparel that we set our eyes upon, everything needs to be screened before consumption lest we may end up being victims of fraudulent schemes.
It might sound unnerving but educational frauds have only gained more momentum in the last couple of years. Falsifying one’s academic credentials so as to gain an extra edge happens in 7 out of 10 cases. 36 % of individuals submit resumes that aren’t genuine as per a survey conducted.
Conducting Background checks of candidates became a common and significant factor during the recruitment process in almost all industries. It is mainly to ensure safety and on the other hand to pick the best one from the rest. Clear background checks can provide information concerning a candidate’s previous working experience and records. This can assure employing honest persons from the applicants.
Recruiting a suitable employee can mean the meeting of company goals for growth. However, as with many business practices, there’s no sole recruiting action you can perform to promise success. Instead, you have to do a lot of careful steps to source, assess, and screen applicants successfully. Doing such could benefit you control employing risks and avoiding hiring decisions with alarming results for you, your workers, and customers.
Safe and secure workplaces are the need of the hour and the process of criminal background verification is at the very core of providing us with the needed relief. If you’re waiting around for any company to revert regarding your recruitment, it’s highly likely that they are conducting employee background checks before they welcome you on board.
More than 90% of employers use some patterns of background screening on applicants or employees when making employment decisions. There can be several intentions for using them: assuring safety in the workplace; curtailing exposure to liability and legal costs; validating data given by applicants and employees, and making sure position fit.
Banking and finance are the most crucial and pivotal sectors in an economy, as they are intuitively taking part in an individual’s property, money, and investments. However, cases of identity thefts, accounting frauds, asset appropriation, and money laundering are synonymous in the BFSI sector.
The job market these days is quite strong, which implies the average employer will obtain dozens of applications for each employment vacancy that opens up. With so many applicants, the procedure of trimming down the serious nominees, and then selecting between them, becomes even more complicated and vigorous. Hiring can be a long, drawn-out, and dreary responsibility.
Given the possible risks and significant investments related to the hiring of individuals, about whom companies know nothing, conducting a background verification is a vital process that organizations must follow. A database check could uncover information about the conduct of an applicant in the past. Database checks involve a thorough inquiry into systematic databases.
Employers usually use credit checks to gauge the trustworthiness and aptitude of employees in managing money. Often hiring committees to think employees who skillfully oversee their finances would do the same for the company and high-stakes projects at work. Employers who run credit checks see a limited version of the employees’ credit report.
Our society is a mixture of different types of people from different backgrounds and numerous parts of it have been found intoxicated with people who are continuously exposing themselves to illegal medications and misuse. This has been a complete headache when this misuse started affecting the workplaces on a serious level. Many countries have reported the loss of huge amounts of money which has affected not only their profit but also the efficiency and productivity at stake.
Appointing a better domestic helper to your home is a herculean task to be done. A well-organized background check is unavoidable in the case of hiring a domestic service provider. As they are more like a new member of the family, it is never easy to pick out the suitable person for your home. The hiring decision regarding the domestic service provider demands great care and caution.
To represent and run a company, the best of the best is expected. Hiring a new employee can be tough, and the inclusion of running a background check as part of the hiring procedure can make it even harder. While nobody’s record is likely to be perfect, factual troubles will cause managers to count a candidate out.
Background screening is ever evolving and in need of constant adaptation, especially as technology, regulation and digitization evolves in India and across the world. BGV as it is has a bad reputation of being ever so static, traditional and slow. Legacy players have done little to let go off this dubious tag.
Negligent hiring is a legal claim made against an employee. This legal claim can be done by any individual (customer or employee) who is injured by an employee who has a past of similar incidents. The claim proclaims that the employer knew or should have known the past of the employee before hiring them. If you are a failure in researching the past of the employee, then you are responsible for their actions.
Marriage is a very beautiful bond based on love, respect, trust, and not least of all commitment. Being a lifelong process, marriage demands trustworthiness and candor. A confirmation regarding the veracity of the identity of individuals concerned is an inevitable part of the process of marriage. Genuineness can be made firm only by a better background check. Just like any other event, marriage also calls for a thorough background check. Before getting into the commitment of marriage, both the partners should be well-aware of anything and everything about each other.
We, at Millow, keep an eye on surveys that advise the importance of pre-employment background screening. As we are on a mission to reform the Background Verification Industry, leveraging most modern technologies in relation to offering risk management & compliance services becomes a norm for us. We value people & enterprises while understanding the significance of pre-employment background screening in every professional establishment.
While technology has a critical role to play in the background screening process, physical verification also has an important role to play. Certain checks need to be performed by ‘boots on the ground’. The best way to verify a person’s residential address is indeed a physical address verification by a field investigator. Also, in the absence of databases or low digitization, which can be the case for remote universities, physical visit to the registrar’s office maybe required.
Social media background screening is the new kid on the block, as it were. Traditional methods of background verification are good and play a valuable role in the onboarding process. However, with exponential growth in the usage of social media websites and platforms in recent years, there is a plethora of data on a person’s behavior that can be used (after collecting consent) to mitigate incidents of fraud or negligent hiring and safeguard the reputation and P/L of companies.
Many companies and their HR departments are faced with a common question “Which background verification company should we choose and why? Background verification is still a nascent industry in India and is slowly but surely growing. As more startups are born, especially the technology-enabled ones, background verification only increases in significance.
Employers' primary means of obtaining information about prospective candidates from sources other than the applicants themselves are background examinations and reference checks. A background examination includes assessing whether an individual is unqualified for a job due to a criminal record, motor vehicle violations, poor credit history, or educational or work history misrepresentation.
Background verification or bgv is synonymous with employee screening. It is the process of ascertaining the identity and credentials of an individual for the purpose of hiring, loan giving, tenancy, marriage, etc. We deal with many strangers daily and have no clue about their past. First impressions are often misleading and one must refrain from purely relying on a ‘gut feeling’.
Background verification process is considered as an important pre-employment screening step before making a hiring decision. A background check can protect the company from several potential risks. Besides, making a bad hire can result in wasted resources and prove costly for your business. Apart from that, it will lower morale among your team and damage your reputation.
Public criminal record check is part of the rigorous background check that takes place before a candidate is hired. It checks different documents available in the public domain to expose the candidate's criminal background, if any. A criminal record audit includes looking through court records for civil and criminal cases.
Property managers and landlords can reduce the chance of a bad rental experience by properly screening tenants before approving. One thing most landlords agree on is that searching for tenants is a tedious task. Especially if you are not a property manager, this can be an overwhelming and time-consuming task. Searching and choosing reliable and trustworthy tenants can give the property owners long-term returns.
Building a futuristic career is a big dream of every professional. Lucky are those who get placed in the top MNCs of the world. But do you think that your journey to becoming an employee in a fortune company is as easy as a pie? No, to be a part of an MNC, aspirants must study hard and harness their professional and personal skills even at the time of their study.