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Employee Background Screening - Annual Trend Analysis Report 2013

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AuthBridge publishes its first Annual Trend Analysis Report 2013 after eight years of screening experience for over 500 clients. Trends are illustrative and indicative of how the industry and the …

AuthBridge publishes its first Annual Trend Analysis Report 2013 after eight years of screening experience for over 500 clients. Trends are illustrative and indicative of how the industry and the ‘employee’ have been responding to the process and to the results of screening. Some patterns are expected and some unexpected; both, however, guide the industry to modify their policies and processes to ensure screening meets its end objective; the objective of having a safe and genuine work-force.

AuthBridge’s Annual Trend Analysis Report 2013 clearly displays some expected patterns with the kind of discrepancies a check typically has and the checks which are more discrepant. Some unexpected pattern is evident in the region-wise or age-wise discrepancy. Evidently, sectors with more stringent practices around hiring and screening have shown a decline in their discrepancies. These sectors could lead the others in setting the standards so that the future sees a discrepancy percentage which is in single digits.

Below are few highlights from the Annual Trend Analysis report.

• Overall discrepancy has shown a consistent trend of around 18-22% across 2010-11, 2011-12 and 2012-13. Therefore, atleast 18 out of 100 candidates at any instance are discrepant cases.

• The three of the ten analysed industry sectors which have had least contribution in the overall discrepancy over the three fiscals are Strategy / Management Consulting; BPO / ITES and Banking / Financial Services / Broking. Incidentally, these three are also among the first sectors which background check practices religiously.

• Discrepancy on account of employment check has emerged at the top across all industries. Incorrect employment tenure has the maximum contribution towards employment discrepancy.

Putting this together has been a great learning experience for the AuthBridge team and team will ascertain that future reports are even more informative and illustrative. Your feedback and insights will help us develop this report to be a key input in your hiring and screening policy finalization. AuthBridge aims to be able to publish a predictive trend report in the coming years with your collaboration.

Employee Verification | Pre- employment background screening | Employee Screening | Employee background check | Background screening

For more information visit www.authbridge.com

Published in: Business, Economy & Finance
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  • 1. Highlights - Annual Trend Analysis Report 2013
  • 2. Overall Discrepancy, across Industry sectors has shown a consistent trend of around 18-22%. Decline within an industry especially those which have stable and robust processes of verification has been neutralized by the entry of new industry sectors in the analysed data or an entry of an organization with large number of hires within a stabilised sector.
  • 3. Of the ten industry sectors analysed in this study, the 3 which form the lowest bracket of discrepancy over the three fiscals are Strategy / Management Consulting; BPO / ITES and Banking / Financial Services / Broking, where the organisations have had screening as a process the longest. These sectors display a discrepancy percentage at below 18% and have built stringent controls in their Hiring and Screening Processes.
  • 4. Discrepancy % greater than 34% Pharma / Biotech / Clinical Research; Hotels / Restaurants / Airline / Travel; Manufacturing are the 3 which form the top bracket with discrepancy percentages of higher than 34% over the three years. These are sectors where verification for new hires being outsourced is a process which is both new and yet to stabilize.
  • 5. Telecom / ISP; Retail; Insurance; IT-Software / Software Services are sectors which even though have had screening as a process are yet to stabilize on the controls.
  • 6. Discrepancy on account of employment check is the highest across all industries. The major reason for discrepancy in employment check is on account of incorrect information about tenure.
  • 7. The discrepancy percentage is also dependent on the selection of checks and the check combinations. Industries with higher number of employment checks typically clock higher discrepancy percentage and this is clearly evident with companies with higher employee turnover like Telecom and Insurance sectors.
  • 8. Discrepancy in Education is lowest among the four commonly selected checks and the most common reason for discrepancy is submission of fake documents.
  • 9. Manufacturing and Retail are sectors where education is not verified for over 80% of their cases.
  • 10. Highlights - Annual Trend Analysis Report 2013 Request your copy of the Report here
  • 11. Read More Can Comprehensive Background Check Assure the Honesty of Corporate Heads? > Here Is a Comprehensive Background Verification Too Futile a Measure? > Here Fabricated Online Reputation- A Challenge for Background Screening? > Here 5 Mistakes in Background Screening That Can Be Avoided > Here
  • 12. Know more: www.authbridge.com AuthBridge Research Services Pvt. Limited 2nd Floor, Plot No 123, Udyog Vihar Phase IV, Gurgaon – 122 016, Haryana Email: sales@authbridge.com Sales Line: (91)88-269 88001

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