Economy

Firms adopt stringent hiring processes as discrepancy levels in CVs rise

L N Revathy Coimbatore | Updated on January 17, 2018

cv

To tackle the challenges of recruitment and talent management, both multinational and Indian companies are incorporating stringent hiring processes to safeguard their organisations and avert unwarranted situations.

Industry insiders say employers now look at the authenticity of the claims made on the CV. “Although background screening is not a mandate in India like in the US and other developed countries, awareness and screening backgrounds are growing at a rapid pace. Employers look for best hiring and screening practices that would bring incremental value to the company, rather than merely looking to hire and complete the task on hand,” Purushotam Savlani, Managing Director and Senior Vice-President, First Advantage India, said.

Sharing the key findings of the Quarterly Discrepancy Analysis for the first quarter of 2016 (January-March), he said “the discrepancy percentage has risen to 12 per cent (out of every 100 candidates screened by the company, 12 were found to have discrepancies in one or more component) against 11.4 per cent during the corresponding quarter of 2015.”

“When compared by gender, the discrepancy rate was higher among male candidates compared to females.”

The total number of cases verified was highest for the BFSI sector at 35 per cent, followed by IT at 28 per cent. Likewise, the highest number of discrepancies was also in the BFSI sector, he said.

Discrepancies related to employment, address and education components were at 59.5 per cent (up marginally from the last quarter of 2015), 11.4 per cent (down from 12.3 per cent during the October–December quarter of 2015) and 5.3 per cent (up from 5.1 per cent during Q4 of 2015) respectively. It was higher in the southern zone as compared to North, excepting education checks.

Remaining discrepancies of 23.8 per cent related to criminal, document investigation, database and reference checks.

A state-wise comparison revealed that Karnataka topped the discrepancies list at 22 per cent, followed by Maharashtra at 19 per cent and Andhra Pradesh at 12 per cent.

A study of the education discrepancies revealed that fake documents formed by far the biggest chunk at 41 per cent in Q1 of 2016, with suspect and fake institution- related discrepancies showing a significant jump compared to the earlier quarter.

Published on August 30, 2016

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