Employee background verification discrepancies surge 44% in key industries

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Employee background verification discrepancies surge 44% in key industries - Business Standard

Quick Summary:

The rise in remote work and the prevalence of fake employment verification services led to the employment verification discrepancies rising to 14.26 per cent in FY24 as opposed to 9.

The report also highlighted several new verification methods that are gaining traction, including social media screening and moonlighting detection.

The IT and ITeS sector experienced fluctuating discrepancy rates over recent years, peaking at 19.38 per cent in FY 2020-21 but significantly dropping to 9.8 per cent by FY 2023-24.