Employees contribute significantly to converting a business into a successful venture. From a small-scale company to a multinational conglomerate, employees unleash the business’ potentials and achieve the coveted objectives.
However, employees pose critical liabilities towards employers, including legal penalties, commitment breaches, money laundering, and data theft. To reduce the risks associated with onboarding employees, many organizations are now carrying out background verifications.
What is a Background Verification?
Background verification is a process of confirming the details provided by an employee or potential employee about themselves. This process aims to ensure that the provided information is genuine and accurate. These details include employment history, financial records, credit score, commercial records, criminal background, etc.
Why Is There a Need for Background Verification?
As mentioned above, the idea of background verification has arisen because of illegal activities such as identity theft, stealing proprietary information, and other crimes. The main motive is to reduce the risks associated with hiring a deceitful individual.
Furthermore, it is particularly essential while selecting candidates for critical job profiles. For instance, executive background screening helps onboard candidates at leadership levels that are a good fit to the organizational, while undertaking measures that minimize risk and prevent fraud.
A company’s biggest asset are its people, so it’s crucial to ensure that the people you hire are qualified for the job and have a good track record. The points below list the importance of such a check and the areas that can provide high value.
Job Competence
It is the way to determine and verify all the claims job seekers make during the whole hiring process. For example, in a market with tight employment, there are chances of candidates overstating their educational qualifications and professional experience. A background verification company in India helps evaluate such instances and ensure that the candidate selected is competent for the job position.
Minimizing Reputational Risk
Reputation is a primary concern for all employers. Background checks aid employers in minimizing the legal exposure by verifying any potential civil and criminal liability resulting from employing a specific individual. In addition, a background check will help safeguard critical information, assets, and sensitive technologies.
Workplace Safety
Every employer is responsible for ensuring the staff’s safety. A comprehensive background check can help identify individuals with a history of violence, substance abuse, or other criminal activity that could potentially place the safety of other employees at risk.
What are the Key Background Checks for White Collar Employees?
Employers perform various kinds of checks, ensuring for different categories of candidates. White-collar executives refer to the class of employees who are the key decision-makers in an organization and have a considerable degree of authority.
For this class of employees, drug screening, address check, employment verification, etc., are critical. The following are some of the essential background checks for white-collar employees:
Employee Verification:
This background check assesses the candidates’ prior work experience, offering employers a view about factors such as job stability and gaps in employment. Moreover, an employment check confirms the employment commencement and end dates, salary structure, job duties, and the different titles held by the individual. As a result, it helps organizations confirm that the prospective employee will possess a clean employment history record required to get the job done.
Drug Screening
The objective of these tests is to determine the level of alcohol or illegal drugs within the person’s system. It gives employers confirmation about the candidate’s abilities to perform the duties and ensures a healthy state. More importantly, organizations utilize drug screenings to protect their employees, customers, and company.
Education Check
The education background check verifies the candidate’s academic qualifications by confirming the listed institution, degree, etc. Academic dishonesty is a red flag for employers, so ensuring the legitimacy of one’s education is critical.
Credit Check
A credit check screens an individual’s credit history to assess if the individual is financially responsible. A poor credit score can indicate financial instability and may suggest that the individual is not good at managing money.
Reference Check
A common practice that almost all employers perform during the hiring process is to check for references. This check aims to evaluate the past performance, check claimed stints, etc. References can consist of contacting the references provided by the candidate and validating the sources.
Conclusion
Today, organizations partner with credible background check agencies to meet their objectives. With such a partnership, organizations can verify employees, such as white-collar employees, sales specialists, accountants, etc., using new-age authentication technologies. These latest technologies use facial and image recognition tools to ensure quality results.
Moreover, these background checks have quick turnaround times and help in significantly reducing boarding time and operational expenditure. Organizations can quickly increase productivity, ensure real-time visibility, access built-in regulatory compliances, and get customizable workflows.
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