What are the benefits of Background Checks for companies and organisations in India?
There are several reasons why background checks should be implemented by all India companies and organisations:
- Hiring and recruitment is one of the most time-consuming and costly investments a company can make. Protect this investment by conducting background checks to make the best decision possible with all the information available to you. This investment in the short-term can make a significant difference in the long-term outcome, particularly when hiring senior officials and management-level executives.
- In Singapore, it is reported that almost a third of job applications analysed in 2018 contained discrepancies*, often in relation to the candidate’s employment or education background. Make sure you are getting the full picture by conducting a thorough background check to obtain the correct information about a candidate. This simply ensures that you are choosing candidates that can get the job done.
- There have been many recent cases in which reputable companies and organisations have been misled by senior officials’ statements about their qualifications – universities, multinational companies, and other organisations have all been caught up in scandals involving misrepresentation by their employees^. Make sure you protect your company’s reputation from this potential negative publicity by conducting background checks on employees prior to hiring.
- An employer may also have the potential to be held liable for an employee’s actions on behalf of the company. This is further incentive to ensure that you have made the correct hiring decision from the outset to minimise risk in the long-term.
- Many industries have compliance and regulatory frameworks around background checks. Ensure you are in compliance with these regulations.
* Business Times, Singapore has highest rate of discrepancies in job applications in Asia-Pacific: Study, 29 May 2019
^ The New Paper, Background Screening increasingly difficult due to privacy laws, say private investigators, 1 February 2019