**Why Background Verification (BGV) Matters** In a fast-paced, competitive city like Mumbai, ensuring the integrity of your workforce is crucial for business success. Background verification isn’t just about confirming qualifications—it’s about protecting your business from potential fraud, legal complications, and reputation damage. Whether you’re a startup or a corporate giant, a single bad hire could […]
In the competitive landscape of talent acquisition, minimizing the risk of bad hires is crucial. Implementing robust background screening practices can help organizations avoid potential issues and make well-informed hiring decisions. Here are five essential practices to follow for effective background screening: 1. Assess Risk Parameters Understanding your organization’s specific risks is the first step […]
*Introduction** The Digital Personal Data Protection Act, 2023 (DPDPA) is a significant piece of legislation aimed at safeguarding the personal data of Indian citizens. It is a crucial step towards ensuring data privacy and security in the digital age. The DPDPA outlines various principles and obligations for entities handling personal data within India, providing a […]
In the fast-paced world of hiring, companies continuously seek to fill vacancies due to promotions, attrition, or the creation of new positions. However, seemingly trustworthy employees can sometimes reveal a darker side, making comprehensive criminal background checks a vital component of the hiring process. Protecting your company and its workforce from fraudsters, embezzlers, and individuals […]
According to Verifacts’ Report 2024, identity fraud in India made up 67% of fraud cases in the first quarter of 2023. In the banking and financial sector, auto loans, mortgage loans, and credit cards experienced the highest number of fraud cases due to identity theft, representing around 80% of total frauds detected. The widespread sharing […]
Growing Demand for International Assignments– International career opportunities are booming, with annual international assignments projected to increase by 50% by 2025.– Over the past decade, these assignments have already grown by 25%.– The interconnectedness of knowledge, trade, technology, capital, and goods is transforming the global workforce. The Challenge of Global Talent Management– International assignments are […]
As the demand for qualified employees rises, so does the importance of education verification in India’s background check processes. This crucial step ensures employers hire trustworthy individuals with legitimate qualifications, safeguarding against fraudulent activities. Why Education Verification Matters Education verification confirms the accuracy of candidates’ educational claims, ensuring they possess the necessary qualifications for the […]
Insights on leveraging automation for efficient background screenings, enhancing candidate experience, the impact of the Digital Personal Data Protection Act, and more. The landscape of background screening in India is undergoing significant transformation, driven by rapid integration of digital technologies. A survey by Verifacts revealed that 88% of Indian respondents encountered employment discrepancies, while 44% […]
Introduction Employment drug testing is a vital component of modern workplace protocols, aimed at upholding safety and productivity by screening for substances like illegal drugs, prescription medications, and alcohol. Understanding its significance, the types of tests available, and how to effectively implement them is crucial for both employers and employees. Importance of Drug Testing in […]
In today’s dynamic business environment, safeguarding assets and ensuring a secure workplace is crucial. One vital aspect of risk management is background screening. Investing in thorough screening processes can yield significant returns, both tangible and intangible. Here’s a look at how background screening enhances safety, security, and overall business success. Reducing Turnover Costs– Filter Out […]
Why Conduct Employee Reference Checks? Employee reference checks are more than a hiring formality; they are crucial for validating a candidate’s credentials. According to Verifacts, 16.31% of job applicants provide falsified information, ranging from employment history to educational qualifications. Reference checks help ensure that the details presented are accurate, uncovering any omissions or falsehoods. Benefits […]
**Introduction**Background Verification (BGV) is evolving rapidly, influenced by technological advancements and changing workstyles. This article explores how BGV adapts to these changes, tackling new fraud techniques, compliance issues, and industry-specific trends, and offering insights for businesses to stay ahead. **Emerging Fraud Tactics and Technology** **Deepfakes and Synthetic Identities**Technological innovations have streamlined BGV but also introduced […]
Employee background verification is paramount for any company aiming to safeguard its interests. Address verification in India holds particular importance, serving as a crucial shield against potential risks and losses. In today’s landscape, where fraudulent activities are on the rise, companies must be vigilant in verifying the authenticity of their employees’ residential addresses. Understanding the […]
Unearthing Mumbai’s Background Check Roadblocks: In Mumbai’s bustling business landscape, delayed verifications and disorganized processes often deter companies from conducting thorough employee background checks. This laxity can lead to compromised hiring decisions and discrepancies in employee credentials. With fraudulent educational institutions on the rise, the need for robust verification practices has never been more pressing. […]
Securing the right talent goes beyond resumes; it’s about ensuring safety and trust in your workplace. Here’s how partnering with a professional background screening firm can enhance your hiring process: 1. Swift Criminal Record Searches: Instant checks unveil critical convictions, from fraud to assault, providing vital insights at a glance.2. Thorough Investigations: Delve deeper with […]
Background verifications are paramount in today’s business landscape, directly impacting a company’s reputation, trustworthiness, and overall success. However, errors in the background screening process can have significant consequences, affecting various aspects of an organization. Mistakes in background checks can lead to negligent hiring, chaos, and even the presence of undesirable elements like criminals or offenders […]
Employers conduct background checks on job candidates to ensure the employees they hire are safe, qualified, experienced, and competent. These checks are a crucial part of the hiring process and vary depending on industry standards and job requirements. Understanding Employment Background Checks Employment background checks are comprehensive investigations into an applicant’s criminal history, education, employment, […]
In today’s fast-paced world, the allure of instant solutions is undeniable. From fast food to one-click online shopping, we crave immediacy. Unfortunately, when it comes to background checks, particularly in the realm of criminal database searches, instant doesn’t always mean better—or safer. Employers seeking to ensure the security of their businesses and customers may be […]
In the fiscal year 2023, bank frauds in India reached over 302.5 billion rupees, indicating a concerning trend despite a slight decline from previous years. As digital transactions become more prevalent, financial scams are evolving and posing significant risks to consumers. It’s crucial to understand the types of frauds and how to protect yourself. Financial […]
As a small business, nurturing trust with customers, employees, and the community is paramount. Trust forms the cornerstone of customer loyalty, workforce contentment, and brand esteem. However, with limited resources compared to larger enterprises, small businesses must strategically utilize tools to fortify their operations while cultivating trust. One such indispensable tool is the employment background […]
In today’s dynamic workforce landscape, employers face multifaceted challenges in talent acquisition and retention. Hiring the right person for the right job has never been more critical, especially amidst a global economy and a highly mobile workforce. Traditional recruitment methods, such as candidate interviews, are no longer sufficient to make informed hiring decisions. The success […]
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. […]
Verifacts is a highly trusted, global facing , Background Verification firm. We persevere to reduce the unknown and mitigate risks for our clients.