Employees are the backbone of every business as they are the ground people responsible for the growth of the company. Background screening is the process of finding the ethics of the employee in his/her previous commitment. This process is important because a wrong hire is sure to create a huge impact on the business. There are many companies that help in the process of screening your employees and new on-boarding employees.
Nowadays, a general background check focuses on various factors including employment, education, identity, address and criminal litigation including a financial check. A financial check helps to understand the finance handling skills of an individual which is significant for financial roles. Also helps to get a clear view of a person’s financial stability in life and prudence to spend.
When hiring new people in the organization, employers want to make sure they are choosing people who are financially stable and settled. Hiring financially sound employees is especially important where employees have access to cash, bank accounts, credit card information, or retirement accounts that they could potentially use to steal and enrich themselves.
A job candidate burdened in debt or some financial distress may be more inclined to steal than someone who is able to pay bills on time. You could simply be putting your company and your customers’ funds at risk if you hire someone with serious financial problems.
Basically background verification is a tedious process and is usually done to authenticate the credential of the individual they want to hire. Background verification process is usually necessary in today’s a age as it is continuously changing. They would take up field visits and conduct necessary background checks including address verification also to get a comprehensive report.
There are many companies offering background verification checking services now a days, but if they do not perform their duties responsibly, it may harm your business.
Imagine, you hire a employee in your jewelery shop or bank after clearance from a Background verification company and later the person tend to have a criminal records.
Your life and hard-earned money could be at a greater risk.
Sometimes background verification takes lot of time, due to collection of records from various government departments and matching all the records.
The base of background verification should be quality reporting with all authentic records and not the shortest possible time. It is true that time is money but sometime hurry could land you in big troubles and can also earn you financial loss and risk of life.
Do cross check the previous referrals of the company as mere checking the bunch of certificates would not be sufficient. Always cross check the referrals and previous clients entertained by background verification company before you hand your project to them. Do not just rely on the certificates they show you, these certificates could be fake.
Nidaan is a company based out of Jharkhand, India and providing background verification check for all sort of employment, financial records & criminal records.
Nidaan has been providing the services to clients on pan India basis since last 13 years and has been ranked among the top 10 companies for background verification in India.