Discover why 7 out of 10 companies are dissatisfied with their current background screening providers and how Verifacts stands apart from the rest. 1. Subpar Customer Service 📞 Many companies feel undervalued and neglected by their screening providers. At Verifacts, we prioritize communication and ensure every client receives personalized attention from our leadership team, promptly […]
In today’s corporate landscape, ensuring the integrity and suitability of senior-level hires is paramount to the success and reputation of any organization. Here are the top 5 crucial aspects to verify before making that critical decision: 1. Professional Reputation: Assessing the candidate’s reputation within the industry and reviewing their professional achievements can provide valuable insights […]
Why Embrace GST ID Verification? 🔍 Ensure Tax Compliance: Validate GST numbers to prevent tax evasion and ensure entities are operating legitimately.🛡️ Combat Fraud: Detect identity theft, misuse, and fake dealer fraud by verifying GST IDs, safeguarding against financial loss.🤝 Foster Trust: Enable reliable B2B transactions by validating GST registration status, promoting trust and seamless […]
Navigating the Risks of Misrepresentation:In a fiercely competitive job market, candidates resort to misrepresenting their educational qualifications to stand out. The prevalence of falsifications makes background checks a crucial tool for companies to ensure they hire the right candidates, preventing future hazards. Crucial Role of Education Verification:Fudging educational details, hiding gaps, or claiming degrees from […]
Understanding the Role of Credit Checks:Employee Credit checks are pivotal in offering a snapshot of an individual’s financial history. In India, validated credit scores from CIBIL, Experian, Equifax, and others are essential for assessing an applicant’s fiscal responsibility, especially relevant for positions involving financial management. What a Credit Check Reveals?:Credit checks unveil critical financial details […]
At Verifacts, we recognize the crucial role employee background screening plays in the hiring process. Our seasoned team collaborates extensively to ensure a meticulous and effective background screening procedure, earning us a reputation for delivering exceptional outcomes. The Significance of Employee Background Screening: Organizations reap numerous benefits from the employee background screening process. It empowers […]
Introduction:As India rapidly embraces a digital economy, the convenience of online transactions and digital identification documents comes hand in hand with an escalating risk of cybercrimes, identity theft, and financial frauds. This article delves into the rising prevalence of PAN card frauds, explores methods to check for fraudulent activities, emphasizes the importance of safeguarding your […]
In the ever-evolving work landscape shaped by the pandemic, the concept of holding two jobs has become increasingly common, especially with the rise of remote work. This shift prompts essential questions about the legal implications of pursuing a second job, including the risk of termination and potential conflicts. Here’s what you need to know: The […]
Mr. S****A, an HR-Head at a startup, vividly recalls an incident that prompted him to recognize the necessity for routine drug abuse testing among his employees in India. A call from a manager about an employee needing urgent hospitalization revealed a serious issue. The employee, visibly distressed with red eyes, shaky body, and reluctance to […]
Securing your company against potential risks starts with a robust Employee Background Verification process. In India, residential address verification plays a pivotal role in safeguarding your organization from future losses. In an era where dubious activities are on the rise across various sectors, protecting your company from fraudulent employees is imperative. Discover the key details […]
Identity theft is escalating at an alarming rate, with Verifacts’ 2023 Fraud Report revealing that 77% of fraud cases in India’s first quarter of 2022 were related to identity fraud. In the banking and financial sector, auto loans, mortgage loans, and credit cards accounted for 85% of identity theft cases, emphasizing the urgent need for […]
Did you know that a staggering 78% of job applicants provide misleading information during the hiring process? Ensuring your candidates align with your company’s values is crucial. As an HR professional, prioritizing comprehensive background verification, especially criminal record checks, is essential to identify potential risks and safeguard your company’s reputation. Understanding Criminal Background Verification Criminal […]
In April 2023, IRDAI introduced game-changing cyber security guidelines, fortifying the insurance industry against evolving threats. 🚀 Get the scoop on the new norms and how they reshape the hiring landscape. 👉 **Background Checks Take Center Stage!**IRDAI mandates HR to conduct external background checks for new hires, ensuring credentials and references align with fit-and-proper criteria. […]
In an era marked by rising identity thefts, cyber threats, and the challenge of validating intricate IDs, Aadhaar Verification emerges as a vital tool. This 12-digit unique identification number, encompassing fingerprints, face and eye scans, issued by the Indian government, ensures robust identity verification, minimizing the risk of fraud. Aadhaar Card Verification is integral to […]
In today’s fiercely competitive job market, employers across India are turning to comprehensive background verification checks to evaluate candidate suitability. While traditional checks scrutinize education and employment history, the spotlight is now on gap check verification—a vital tool for investigating unexplained breaks in employment. #What is Gap Check Verification? This verification method delves into the […]
Social media has become a vital communication channel for candidates and employers, with 3.78 billion users worldwide in 2021. Platforms like LinkedIn, boasting 750+ million professional users, play a key role in professional networking globally. As 90% of employers leverage social media for candidate evaluation, it’s crucial to adopt best practices. Enhance your social media […]
Blue Collar vs. White Collar: Understanding the Distinctions White-collar and blue-collar employees differ in work nature, skills, and environments. White-collar roles involve cognitive tasks in office settings, while blue-collar roles entail manual or physical work in industries like construction and manufacturing. Blue-Collar Employee Verification: Ensuring Skill and Reliability Verify work experience, vocational training, and technical […]
In today’s dynamic business landscape, the ability to adapt and innovate is crucial for success. This adaptability extends to the recruitment and hiring process, which has undergone significant shifts in recent years. The COVID-19 pandemic, in particular, accelerated the adoption of virtual hiring practices, forcing organizations to rethink traditional methods and embrace a more digital approach. Adapting Business Continuity Plans for Virtual […]
The landscape of technology careers is ever-evolving, and 2023 brings forth a wave of emerging roles that promise excitement and innovation. While many are familiar with mainstream tech jobs, a new wave of specialists is carving their niche in the industry, offering unique opportunities for those ready to embrace the future. Exploring Uncharted Territories: 4 […]
The landscape of the workplace and workforce is undergoing constant transformation amid societal shifts. Our relationship with technology, awareness of science, activism tendencies, and global challenges have not only impacted our collective psyche but have also illuminated new preferences in how people want to live and work. While labor force participation among “prime-age” workers (ages […]
The landscape of Human Resources (HR) is poised for significant upheaval in the coming years. Let’s delve into what the future of HR might hold. 1. Evolving Employee Experience ExpectationsIn the future, the HR realm will grapple with shifting employee expectations. Beyond financial compensation and career growth, employees increasingly seek a better work-life balance and […]
In the past, customer identification and verification relied heavily on physical documents such as passports and driver’s licenses. This offline process was not only time-consuming but also prone to errors. With the global rise of FinTech innovation, the demand for seamless digital experiences soared, leading to significant changes in financial services and various other industries. […]
Hiring the right candidates is crucial for the success of any organization. However, despite the advancements in recruitment practices, many hiring managers still find themselves grappling with the challenge of identifying warning signs about bad candidates. In this blog, we’ll delve into the reasons behind this phenomenon and explore ways to address these blind spots […]
Candidate interviews play a vital role in the hiring process, yet they are often undervalued. To increase the acceptance rate of job offers, companies should approach interviews as well-structured, goal-oriented, and candidate-centric processes. Here are some tips to help you elevate your interview process and improve the likelihood of attracting desired candidates who will accept […]
In today’s competitive job market, organizations need to focus not only on attracting new talent but also on retaining their existing employees. With employee turnover rates high and job satisfaction low, HR departments play a critical role in ensuring long-term success. Plum has introduced a Talent Assessment Platform to helprecruiters address these challenges and create […]
The workforce of today comprises four main generations: Gen Zs, Millennials, Gen Xers, and Boomers. A LinkedIn report states that the multigenerational workforce is a significant factor in a company’s success and one of the key trends in talent acquisition. Each generation has its own distinct communication style, work-life balance, life goals, and work productivity […]
In the competitive landscape of talent acquisition, organizations must possess a strong Employee Value Proposition (EVP) to entice top-tier candidates. The EVP encompasses the unique set of benefits and rewards that an organization offers to its employees in exchange for their skills, talents, and commitment. Without a robust EVP, companies risk losing out on attracting […]
The ever-evolving nature of the workforce necessitates continuous adaptation and anticipation of emerging trends. In the fast-paced world, we inhabit, recruiters play a pivotal role in shaping the future of work. They possess unique insights into the evolving landscape and can provide valuable foresight into how the workforce will unfold over the next 12 months. […]
Recruitment has traditionally been viewed as a cost center, with organizations primarily focusing on minimizing expenses and filling open positions as quickly as possible. However, in today’s competitive business landscape, there is a growing recognition of the strategic value that effective recruitment can bring. By adopting a strategic approach, organizations can not only reduce costs […]
In today’s rapidly evolving technological landscape, the use of generative AI has become increasingly prevalent in various industries, including recruitment and hiring processes. However, it is essential for hiring managers to exercise caution and take proactive measures to prevent potentially dangerous misuse of this powerful tool. By following certain guidelines and best practices, hiring managers […]
The evolution of candidate experience has become a critical aspect of the recruitment process in recent years. Employers have realized the significance of providing a positive candidate experience, as it not only enhances their employer brand but also attracts top talent to their organizations. The recruitment process has shifted from a company-centric approach to a […]
As recruiters, we often focus solely on a candidate’s resume, but there is so much more to consider when assessing a potential hire. Candidates are more than just a list of skills and experiences on paper. They are multifaceted individuals with unique personalities, values, and perspectives that can greatly impact their fit within a company […]
The COVID-19 pandemic took a heavy toll on employees’ mental health. There was a majority of teams working from home; surrounded by their families or no one at all. As employees attempted to find stability at the beginning of the pandemic, this seemed to decline over time. Thus, highlighting a critical balance (or, imbalance) between […]
AI tools are popping up around us faster than ever, and our world and it’s people are beyond excited to have their lives made easier. However, a new entrant always calls for some queries, doubts and concerns. For example, hiring professionals are excited yet concerned about how AI could be used to help them evaluate […]
The tools of the trade for the hiring industry have evolved over the years to smoothen the process of recruitment. These tools have made it possible to reduce the intensity of labor involved. However, there is always room for improvement and many more tools have come into the mix to help HR leaders and business […]
As graduation day comes closer for new batches of bachelors’ and masters’ students, it’s alsotime to plan your intake of job seekers to build your teams. Tailoring your benefits to suit recentgraduates as well as filtering through them the right way, there’s a lot to know about how to goabout hiring fresh-outta-school grads in a […]
In the world of job hunts and job confirmations, there are many levels involved. From applyingfor a job to interviewing for it, we meet many people along the way. However, despite the bestintention of hiring managers and those responsible for your job confirmation, there is a certainlevel of unconscious bias that exists. Studies show that […]
Diversity in the workspace is increasingly being recognized as not just a moral but also a business necessity. In today’s economy, having everyone on board regardless of their race, color or gender preferences is important; if they are talented, they are hired! However, with the clash of generations, mindsets and opinions, achieving diversity is a […]
Many organizations are adopting an entirely digital outlook towards processes. As new technologies adapt businesses for more efficiency, increasing their software implementations, they have also transformed into being more competitive in their respective fields. Largely virtual workspaces offer abundant opportunities like global market expansion and efficient remote workforces. For HR & recruiting departments however, digitization […]
Diversity in the workspace is increasingly being recognized as not just a moral but also abusiness necessity. In today’s economy, having everyone on board regardless of their race,color or gender preferences is important; if they are talented, they are hired! However, with the clash of generations, mindsets and opinions, achieving diversity is a multi-faceted and […]
Analyzing skills and the gaps in skill-sets helps determine the difference between the current setof skills one has, whether newly hired or an existent employee, and a desired skill-set for afuture job role. Many brands use this analysis to discover abilities of an individual that may ormay not be conducive to a job where specific […]
It’s quite evident how the last few years have been tough on the talent industry and the hiring agencies. There have been ups and downs, highs and lows as well as frustrations from trying to get through the workday without breaking in spirit Because of not knowing what comes next, whether the current scenario is […]
2022 has been a journey of ups and downs, highs and lows and pluses and many minuses for the world of HR and recruitment. From mass resigning to bulk layoffs, the tone of the job market has evolved rapidly with strides. From big tech giants laying off thousands of employees to major takeovers from company […]
The global IT industry is facing an undeniable talent shortage which makes it no secret that there are jobs to fill and seats to take. By 2030, we see a projected global talent shortage of over 85 million which could lead to a major loss in unrealised annual revenue. While hybrid working methods have widened […]
Job hopping has turned into a rampant trend when it comes to candidates and the jobs they apply for. Over 80 percent of employers reported being ‘ghosted’ by their candidates on receiving a better job offer in-between their interview processes. Many candidates today feel that job-hopping or taking up freelance projects over a full-time commitment […]
With more remote working processes, fraud can take place against employees too. As we have evolved into a hybrid-working system post the COVID-19 pandemic, fraud from fake employers has come to rise exponentially. Regardless of being a saving grace for most, work from home and hybrid-working setups also have their fair share of detrimental effects. […]
Moonlighting is a common term used to signify the act of undertaking multiple jobs apart from your primary employment. It doesn’t mean just one or two jobs at a time. It can be 7 jobs at a time if one is capable and agile enough to undertake them. During the coronavirus pandemic, the lockdown forced us […]
Gig-economy is the newest catchphrase on the professional block. It basically means a working environment that relies less on permanent contract employees and more on freelancers and project-based talent. There are various reasons why organizations may choose to work in a gig-economy styled environment. They may try to save money that would otherwise become a burden […]
While working multiple jobs has been prevalent in days of the past, nowadays, it has increased in every field. Today, moonlighting poses a threat to organizations by way of competitiveness and effects the mental and physical health of employees which in turn affects their ability to work at their most optimal. What can you do […]
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