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People are not your most important asset. The right people are

by Shivani Dhar BGV

It doesn’t matter what business you are in, as a business owner or manager, you know that separating the wheat from the chaff is always the most important task. One of the smartest make or break business decisions you should make to hire genuine people – Bringing the right people on board could save you millions resulting in efficient operations.

Liars, thieves, bad-news-bear execs, drug addicts, you name it – employers don’t want to hire trouble, as you’re not just recruiting employees, but are sowing the seeds that would guarantee your reputation. The importance of employee background verification cannot be underestimated as it ensures compliance and risk containment.

Are you hiring people you can trust?

Hiring mismatches can result in increased turnover, absenteeism, higher health care costs, workplace violence and theft causing substantial loss to an organisation’s bottom line and reputation. One of the biggest mistakes a small business can make is assuming they would not need to run background checks on potential employees. Whether it’s ten people or 10,000 – in the best interest of your organisation and yourself, it is crucial that you build a trust-worthy workforce. You need to know that you can trust everyone who is selected to be on your team.

So, here is why your company can be in a Risk zone if Background checks are not a part of your hiring process or you fail to run a background check successfully:

The Perilous environment for customers and employees.

According to SHRM over one-third (36%) of organisations reported incidents of workplace violence. These incidents result in physical or emotional harm to employees and customers. A background check can prevent negligent hiring lawsuits and provide a safer work environment.

It is time to seriously consider implementing background checks. Avoid wasting your valuable time, money and efforts on toxic hires.

Fraud, cyber crime and hacking.

KPMG’s recent Fraud, Bribery and Corruption Survey (Australia & New Zealand) reported that 75% of major frauds were committed by insiders.

One of the things that put small companies at greater risk is a lack of adequate anti-fraud controls, such as anonymous tip lines, segregation of duties, etc. In fact, skipping background checks on prospective employees is like opening the door and ushering someone with fraudulent intent.

Fictitious credentials.

Falsified credentials are a growing concern for organisations, job-applicants have gone from “puffing” up their resumes to crossing the boundaries “into the realm of fiction”, making things up to appear more attractive to potential employees.

If employees don’t have the experience or education they say they do, they may not fit the profile for which they were hired for and thereby creating disparity within the team. Running a background check is a sure-fire method to ensure you are hiring a candidate based on facts and not just fiction.

Ignoring differences of compliance’s by countries.

As employers increasingly look beyond their home borders to find talent, they can also face numerous legal challenges when trying to conduct background checks on a candidate who spent time in another country.

Developing an effective background screening program which is both legally compliant and practically effective and is managed by a trusted screening solution provider with proven expertise in the region can ensure a successful hiring program.

So, now here’s the question – how you are going to protect your company from legal repercussions??

 Integrate background checks into your hiring process right away, verifying each detail provided to you by the applicant. Contact all references to ensure applicants have held the positions that they claim. Also confirms that applicants have the academic credentials, military service records and professional licenses stated on their resumes. The benefits of running background checks are numerous, and it can help you build a defence system against possible threats to your organisation.

 OUTSOURCING IS THE KEY

 It’s not always easy or time-efficient to collect background information about prospective employees yourself. A qualified pre-employment screening service would save you time, money and offers you additional benefits to your hiring process. In short, hiring a CRA is a potential solution. Background screening, when conducted by a CRA, is highly regulated including by the Federal Trade Commission and the Consumer Financial Protection Bureau as well as state and local consumer protection laws. Following the guidelines laid out by The Fair Credit Reporting Act (FCRA) and Equal Employment Opportunity Commission (EEOC), will help establish a solid foundation of fair hiring practices by your firm.

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Global Screening: A Business Growth Opportunity for CRAs

by Shakil Gour, August 18, 2016

Today the workforce is more diverse than ever. Most large companies have active programs to promote diversity while hiring.  Major contributor to the professional workforce diversity are foreign nationals. The two main sources that feed immigrants into professional and technical workforce is:

  1. Candidates who come to pursue their education and continue working in United States
  2. Candidates who come to US on a work permit ( for e.g. H1B visa, J1 etc.)

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Pre-Employment Directory’s Background Buzz : Interview with Vivek Khanna,Chief Client Partner, Neeyamo Inc

Background BistroGrab a latte, pull up a chair & join us for an interview with Vivek Khanna,Chief Client Partner, Neeyamo Inc.

vivek KhannaVivek shared that he has over two decades of experience in the outsourcing field. He started with IT outsourcing, migrated to general purpose BPO and then to  focused HRO. As a co-founder of Neeyamo, a focused HRO Provider, he noticed   that their clients were not getting the best service value from the providers they were  using and he sensed a business opportunity. Neeyamo added Background  Verifications  to their service offerings as it is an integral HR function which ensures that right person is hired for the job and ensures workplace safety.

Vivek noted that the background screening industry is a small community of motivated professionals and he enjoys the camaraderie and the ability to help his clients. 

He has also discovered that with their network increasing to cover 200 countries he has been provided a unique opportunity to interact with partners from different cultures which he finds extremely enjoyable.

Turning our discussion to Neeyamo he shared the company’s Vision: To be a trend setter in the HR Outsourcing space by providing best in class services through integration of Technology, Consulting & Operations

A new offering by Neeyamo is an alternative to written criminal verification in India, which was in limelight due to the wrong reasons. Our solution is faster, better and extremely cost effective.

He also noted that the company will be launching a Social Media Investigation for all English speaking countries and will add in Non English speaking countries based on client needs.

A key point Vivek emphasized is that Neeyamo helps companies build strong integrated solutions not only in terms of technology, but also the processes as well. For instance, they have helped fix the coordination problems that the recruitment, on-boarding and Background verification teams face. They have integrated solutions to cover talent acquisition, onboarding and background verification. Their solutions have best practices with optimally designed processes integration with client ERP’s with our discreet applications to drive better efficiencies, clarity and cost saving.

Vivek leaned forward and emphatically stated that “We are more than Background Verifications. We are a complete HR solutions company with an industry leading HRO powered by SaaS offering.”

He smiled as he responded to my favorite question, asking him to look into a crystal ball to foretell the future of the background screening industry: He pondered for a moment and then shared that he thinks “the Background screening industry is going through the same cycle that any other matured industry has gone through e.g. manufacturing, IT etc. A lot of players will emerge in the market, but very few will sustain themselves. These will be the companies that adapt to new processes, technology and changing customer needs. There will be more consolidation and a few big players will set the norms of the industry, however the nimbler newer startups will create offerings which will innovation.

Back on a personal note, Vivek shared he had recently read, ‘Think Like a Freak,’ by Stephen D Levitt and Steven J Dubner. He indicated the person he would most like to meet is the economist, Paul Krugman.

For more information about Neeyamo please contact Vivek at vivek.khanna@neeyamo.com or +1.408.431.6441.

Courtesy:http://preemploymentdirectory.com/newsletters/the-background-buzz/may-2014-backgroundbuzzf.htm#ixzz34PN8J66X