Modern Background Verification and Due Diligence
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Background Verification:
History and Benefits
Background Verification, synonymous with employee screening, allegedly came into existence after the 1908 incident in the U.S when a prank by an apprentice of a company resulted in the unfortunate death of his colleague. The company retained the employee and was later sued for negligent hiring.
When it comes to hiring the right candidate for your company, background validation of prospective employees has great significance. Background verification may be as simple or as detailed as HR and upper management’s requirement for instance, today companies have started asking for a continuous background checks (quarterly) and even social media background screening to cover all bases. Human capital is the lifeblood of an organization and they must ascertain that the team being hired indeed has the background, capability, and integrity to execute the organization's mission. Wrong hiring is truly costly to a company.
In our cyber age, a detailed employee background verification in MNCs and even smaller enterprises is necessary. Millow is one of the most trusted employee background verification companies in India dedicated to offering all-inclusive and end-to-end background screening services. Our motto for HR is “Set it and forget it”. We have an eminent in-house team of investigators and employee screening experts who have adept experience in verifying the job applicant’s background. Depending on the unique pre-employment screening requirements of various companies, we offer different levels of background verification services – Basic Level, Categorized level & Detailed Level. Now let us take a quick glance at some of the important benefits of our background check services.
The Top 6 Benefits of Employee Background Verification
Negligent Hiring Lawsuit Avoidance
According to the American Management Association, 30% of all businesses fail because of theft at workplaces. As the pioneers in background check for employment, we conduct effective & advanced background screening to reduce workplace theft, violence, fraud and hence we help create a safe and secure work environment. An organization that has negligent hiring practices risks irrevocable legal, reputational, and monetary damage.
Resume Fraud Avoidance
A stringent employee background check eliminates the selection of candidates who may have hidden criminal backgrounds, lied about their credentials, or even submitted fake marksheets & certificates. We conduct comprehensive database checks and field investigations to validate the claims of your employees so you can be sure of hiring the right candidate. We aim to empower companies and improve their hiring processes.
Compliance & Security
As one of the well-established and credible background verification companies in India, Millow designs reliable and compliant employee screening programs for cross industry organizations to safeguard themselves from the legal backlash resulting from negligent hiring practices. Typically, ISO 27001 certified organizations must perform a background verification of their employees.
Cost Savings
The true cost of hiring a bad employee is more than meets the eye. A bad hire can result in huge productivity losses, damaged employee morale, fewer sales, and as per the U.S Department of Labor is as costly as 30% of an employee’s first year salary. No supervisor wants to spend one day/week just micromanaging an underqualified employee who passed through the cracks. Hence, background verification can save the company thousands and even lakhs of Indian rupees and safeguard the company from hiring the wrong candidate.
Uphold Hiring Standards
Background verification is still nascent in India and the industry has low barriers to entry. Thus, organizations must choose the right background check agency that has the right credentials and experience in performing ‘by-the-book’ stringent verification of their employees so that the true picture of the employee is revealed, and the wrong candidate does not slip through the cracks.
Increase Employee Productivity
One bad apple spoils the bunch! Our customized background check programs reveal not just the integrity of the candidate but also dig out any history of undesirable workplace behavior by the candidate. Selecting even a highly qualified candidate who has a track record of being fired for not being a team player and/or being violent can be detrimental to an organization.
