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For an organization, hiring an employee is a complicated process.
From identifying job requirements for a position to planning recruitment ads and training essentials, the process can be long enough even before the actual screening can begin.
Amidst this chaos, recruiters often willingly skip the background verification process to escalate hiring.Poor hiring decisions can reduce a firm’s productivity and might lead to costly delays and, ultimately, a loss in revenue.
According to a study, even single poor hiring can cost a company up to 20 lakhs.
Instead of following a herd mentality, an employer’s focus must be on making informed decisions.
However, employers still tend to shy away from background checks.
