Over the years there has been a tremendous increase in the number of people who fake their identities, thanks to the internet and availability of advanced technologies. Recent reports show that the numbers of scams and frauds that occur on a daily basis have increased and that is why organizations have started to focus on risk management strategies in order to prevent themselves from being tricked by anyone they deal with.
The proactiveness concerning risk management starts with the screening of resumes of the candidates carefully as they have a tendency to manipulate their details with respect to their present compensation, if they are already working, work experience, education and much more while applying for a job. Earlier the candidates who faked such details used to get jobs easily as compared to the candidates who submitted genuine details. This way not only a good candidate lost a job but the organization was also deprived of talented people who could work for them. So since the time companies have started adopting fool proof verification processes, such activities have become rare. This not only saves the company their time and money involved in hiring a bad recruit but also offers the organization talented people who further help them grow. Some people say that performing background checks for employees who apply for a job is very costly. But the fact is: The cost of a bad hire far outweighs the cost of a good Background Check.
The Background Screening process is highly misunderstood and actually costs less than what an applicant gets paid for in about two working days! The objective of our firm is to offer the most credible background verification checks for your employees and justify why this is necessary at the root level. We conduct different types of background checks and verifications and justify every step we take. These manipulated details and fake information can be checked only by professional experts of this field. And we are the experts of what we do. With various technologies available employees easily fake their details and conducting a thorough check becomes very difficult and outside the purview of the Human Resource department of your organization.
Here are some of the bad practices that employees follow so as to deceive the employers and you need a well defined procedure so as to screen them:
1. Fake Certificates - The employees get fake experience letters generated and show it as experience from their past employer. They make sure to put a different location from the location where they have applied for a job so that it becomes difficult for the HR executives of the organization to verify their details.
2. Fake Pay Slips - Employees know that the higher the previous salary records they show, the higher will be their next package. And this is the reason why they create fake pay slips on behalf of their previous employer making it all the more difficult for the HR executives to distinguish them from the genuine ones.
3. Fraud - Employees are now resorting to malpractices like exploitation of key accounts of customers and valuable confidential information which leads to great losses to firms and corporate fraud.
4. Fake Education Certificates - Candidates who apply for a job also create fake graduation certificates and other degrees so as to get a better job.
5. Fake Internet Companies - There is a presence of a lot of companies on the internet that generate fake certificates for students and provision of false education certificate or employment letter is also available. These services are chargeable to the candidates and the resultant certificates look absolutely genuine.
6. Ghost Employees - Creating ghost employees on the payrolls of a company has now become a regular practice. These employees are the ones who are not real and don’t actually work in a company but their names are reflected on the payroll. This practice has been used in a number of massive Corporate Frauds in the past. Overall if we look at the whole scenario one can say that it is very hard to detect a fraud that has been committed by your existing employee. So this is the reason why we must start at the grass root levels and get our basics right.