Background Check For Employment

Who do companies need background check?

Reports from 133 countries have revealed 2,110 cases of occupational fraud, resulting in total losses exceeding $3.6 billion, highlighting the critical need for thorough background checks. These checks are essential for safeguarding businesses, verifying qualifications, assessing trustworthiness and mitigating risks. In today’s competitive landscape, they are crucial for fostering security and preventing financial losses.

A background check can verify a candidate's work history, experience and education, uncover any resume discrepancies or omissions and reveal a criminal history. Conducting employment background checks helps you make more informed hiring decisions, but it’s important that your background check process remains consistent, legal and fair.

What is background screening?

Background screening is the process of using third-party providers (usually professional background screening services) to thoroughly vet candidates for career opportunities. Sources may include public records, law enforcement, credit bureaus and previous employers.

Difference between basic check and advanced check

A basic background check typically involves verifying fundamental details such as education, employment history and criminal records. It’s a standard part of the employment screening process.

On the other hand, an advanced background check, conducted by Netrika, goes beyond , encompassing biometric checks, drug testing, legitimacy verification of companies, identity authentication, media searches and form 16 verification. This comprehensive approach provides a more detailed analysis of an individual's background, covering a broader range of factors for enhanced accuracy and security.

Risk of not conducting BGC

• Studies show that bad hires can cost up to five times their annual salary.
• 53% of all job applications contain some form of inaccurate information.
• Drug and alcohol abusers are involved in approximately 20-25% of workplace accidents.
• A Study of 2,410 cases of Occupational fraud reported a total loss of more than $6.3 billion, with the median loss from a single case amounting to $150,000.

How Netrika can help?

Netrika excels in conducting thorough background checks worldwide, meticulously verifying academic and employment records, criminal history and addresses to provide accurate and reliable information. The process involves gathering documents, verifying details through various channels, conducting reference checks and adhering to legal and ethical standards. The candidate's consent is typically obtained before initiating the background check to ensure compliance with privacy regulations. The compiled information is then presented in a comprehensive report for the employer.