It is for this reason that the demand for employee screening services is increasing. Background verification companies in India are working with a lot of businesses that want to make sure that their potential employees are exactly what they claim to be, and that they protect other employees and even the safety and security of the company There is no threat to it either. Today, background screening for employees is no longer seen as an unnecessary expense, but rather an essential step that can ensure the stability of the company. Read on to find out how the perception of background verification has positively changed, and how background verification companies are contributing to India, as well as how it is responding to a welcome change in this scenario.
How businesses approach background verification: Then and NowPreviously, it was the common belief of most businesses that employee screening services were an unnecessary expense that only increased operating costs. But as mentioned earlier, this was clearly not the smartest decision, as many job applicants lie on their resume. In addition, there are instances where employees commit fraud at workplaces and have become a real concern among employees. In fact, a study conducted by the Association of Certified Fraud Examiners in 2014 found that business fraud costs around $ 3.7 trillion worldwide.
It was also reported that employees steal an average of about 5 percent of revenue every year. Given this terrible mistake of compromising on background screening for employees, businesses now see background verification not as an unnecessary expense, but as an important business measure to reduce risks, costing them thousands of dollars Damage may occur. Today, background verification companies in India are more in demand than ever as businesses now understand that employee screening services are mandatory steps that should not be ignored in any situation. They are an important way of building trust with your potential employees.
How background verification companies in India are changing the landscapeBackground verification companies in India play the most important role in this changing scenario of background screening for employees. Not only do they contribute to the transfer paradigm, but they also have to respond to it, because the kind of services they provide are entirely dependent on it. Technological innovations and rapid growth in automation have certainly helped background verification companies keep up with increasing demand, without the quality of their reports. On the contrary, it has helped to make them more efficient.
GenXs is India's premier background verification company, utilizing state-of-the-art technology-driven devices and platforms such as application program interfaces, commonly known as APIs, artificial intelligence, machine learning and more. Using the technology of APIs, a background screening can be made easier for employees in any company, like never before. Now, you can directly raise matters and get results. In addition, you can track real-time progress without any kind of manual intervention or paperwork. There is also minimal scope for errors as well-crafted and efficient machines carry out the entire process. Furthermore, it is an excellent option for background screening companies in India as it can effectively save costs on logistics and manpower. If you want to know more about the changing landscape of background verification, schedule an appointment with our expert today.