Statistics have shown that more than 20% of CVs or resumes have discrepancies and hence it's imperative that a thorough Background Screening and Due Diligence process is in place to sieve out the wrong hires who can be detrimental to your organization. Your candidates and employees need to be of the highest level of "integrity" and "security". Both aspects cannot be compromised otherwise it might cost your organization in terms of reduced productivity, fraud related costs, reputational damages and even a decline in shareholder earnings.
Since the discrepancies can be in several areas, the candidates must be channeled through different background checkpoints based on the risks associated with their functions or roles. A thorough background screening process will greatly mitigate the "security" and "integrity" risks. Organizations need to understand the following when implementing a background screening strategy:
Avvanz has a detailed and auditable Background Screening process and most importantly, compliant with Personal Data Protection Acts. We will recommend the optimal and smart mix of checks that need to be conducted based on the risks associated with your industry, the roles, functions and levels of your human assets.
Feel free to drop us an email at email@example.com to explore how Avvanz can assist you in conducting Background Screening and Due Diligence.
Please note: For Enhanced Due Diligence on Companies and potential business partners, talk to us on your requirements and we will customize a right approach for you. We need to understand your risk exposure and business needs. Our reports can be for:
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