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An Overview Of Age-wise Discrepancy
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Employee background check forms an integral part of employee hiring activity. It has gained prominence over the years because of the awareness about the adverse effects of wrong hiring decision. Background verification is an important tool in the hiring process which mitigates the risk of reputational and financial loss of an organisation to a large extent. With the increasing instances of corporate frauds, fake degrees and forged certificates coming to the surface, organisations have made it a practice to conduct employment background screening diligently.
However, there are corporate entities which do not adopt the norms of background screening. Adoption of background screening has become necessary for the companies across industries to lower the chance of hiring individuals with discrepancies in the information provided by them. Even the statistics and research surveys conducted by various background verification companies indicate the importance employee screening practices.
A research conducted by one of the leading background verification companies in India on overall age-wise discrepancies across various industries revealed that the highest discrepancy is displayed in the 30-39 age bracket which is followed by the age group of 40-49. It is been noticed that, employees of these two age brackets are in middle or top level management of an organisation who have a decade or two long work experience.
There are some exceptions to the overall trend in some of the industries. As per the research, the highest contributor to the age-wise discrepancy in hotels/Restaurants/Airline/Travel industry is the 25-29 age bracket which is followed by 30-39 age bracket. Trend in Strategy/ Management Consulting industry is divergent from overall age wise discrepancy, which shows highest discrepancy in 20-24 age bracket followed by 40-49 age bracket. Variation in the IT-Software/ Software service Industry is alarming as it displayed with less than 20 age bracket ranging at 69.23% and 50+ age bracket at 29.55%, both of which are way higher than the overall trend. The 20-24 age bracket in this industry also displays discrepancy of 16.20% which is higher than the overall discrepancy for this bracket. However, other age brackets are similar to the overall trends in this industry.
With such a high rate of discrepancy in 30-39 age bracket followed by 40-49 age group in which employees are mostly in senior level positions, it is very crucial for an organisation to conduct proper background verification to ensure the future of the organisation. Organisations have made it a practice to outsource the task of background screening to third party background verification companies which saves lot of time. Moreover the background verification companies, who are experts in this field, provide unique background screening service designed according to the need of the industry, organisation and position.
Employee background checks form an integral part of employee hiring activity. Organisations have ceased to consider the activity as a mere waste of time or an extra burden of additional cost. Employee Background check is a risk mitigation tool and it is carried out for employees to shield the organisation against future risks and uncertainty. Organisations have made it a practice to outsource the process of employee background screening to third party employee background verification companies. This saves the organisation a lot of valuable time, resources and effort which would have been otherwise required from the organisation's end. Moreover, assigning the task of employee background check to an external body is always helpful to get an unbiased insight and report pertaining to an employee.
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