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Contact Us
We have a reach of over 400 cities in India, for more information contact (Mumbai office address)
SCREEN FACTS SERVICES PRIVATE LIMITED
Unit No 422, , IJMIMA Complex,
Off Link Road, Behind Infinity Mall,
Malad West,
Mumbai - 400 064
Tel : 022 - 61744911
Fax : 022 - 6725 4898
Email : contact@screenfacts.com
 
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Employment Screening is a must for all organizations because of statistical facts on Fake & Fraudulent Job seekers. There are also regulatory requirements in vogue and expected in future which warrants Employee Screening.
Few Facts Pertaining to Prospective Employees:
  • In India 15 – 24 % of resumes are faked.
  • 1 in 3 CV’s misrepresent facts
  • 15 – 17 % in ITE’s / IT industry have discrepancies in the records.
Regulatory Reasons why you need to do Employee Screening:
  • Regulatory Authorities across the world are now looking at making Employee Verification a mandatory requirement.
  • Sarbenes Oxley act has mandated Indian Companies catering to USA, re-look their Fraud Risk assessment of which Employee Screening is an in-separable component.
  • Hong Kong Monetary Authority has mandated banks to do Employment Screening for all Managers.
  • SEBI in India has attempted to raise Risk Management in Indian Companies through Clause 49.
  • Banks as part of Basel II framework will need to put in place a robust perational Risk framework, of which people risk is the most critical component.
The statistics on the consequences of even one bad hire are chilling. The financial costs to businesses from theft, misappropriation and false credentials can be enormous. There are other costs that are hard to measure such as harm to employee morale and the firm’s reputation.
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