On-demand services are transforming Indian economy like never before. Start-ups such as Airbnb, Oyo Room, UrbanClap, Uber, Ola and Bigbasket etc. are changing the servicing and employment landscape across the country. The sharing economy which has witnessed an investment of 4.8 billion dollars, is employing blue collared workforce in abundance in addition to their white collar.
Hiring people involves building trust and verifying their credentials, character and competency. This is where background checks become critical to the hiring process.
Background checks need to be conducted in real-time to be able to hire workforce quickly, especially when you engage with workers remotely. These days instant background verification, enabled by new technology, are helping organisations validate the identity, profile and reputation of their employees, vendor partners and customers who represent their brand.
Identity verification is conducted using Aadhaar based authentication and e-KYC. Instant Criminal background checks are also conducted using APIs, intelligent search algorithms and online repositories created by courts across the country. Background screening providers use technology to conduct these background checks in a matter of minutes and deliver accurate, quick background verification results in real-time.
Emerging business models are changing the way we live or do business. In this modern world sharing economy, digital interactions are rapidly proliferating.
This calls for TrustOnDemand™, which can provide instant and hassle-free solutions for background verification, ensuring safety and security-the main concern across businesses these days. Instant background verification is a new way to carrying out pre-employment screening, verifying vendor partners, and visitors to prevent the consequences of severe frauds.
How Important is Structured background verification?
Structured background verification becomes an important part of any sharing economy business. Companies are conducting background verification before hiring any candidate, proper eKYC before opening accounts for new customers, due diligence before investors give out money to anybody.
However, many a times, we overlook background checks. This is where organisations need to ensure that they verify every incoming employee irrespective of position, designation, sex, salary etc. Every incoming candidate should go through a background verification process comprising checks basis the risk associated with a profile. For example, while hiring a Finance head, it is important to check for skills and background in Finance, but a credit default check is a must conduct for one to understand the candidate’s ability and attitude towards handling finances.
Role of Technology in Background Screening Industry
Technology is creating “More smart, Hassle-free” employee on-boarding feasible by enabling real-time verifications leading to employee delight. Use of APIs, artificial intelligence and other developments in technology, the background verification industry is now moving from traditional manual and time consuming background checks to digital platforms.
Today using online repositories, it has become very easy to keep track record of employee’s, experience, salary and past education and criminal records. Use of Applicant Tracking System (ATS), an automation platform where we store the ex-employees database, we can share the candidate’s details anywhere across the globe. TrustOnDemand infrastructure on the top, has led to building trust on the fly- anytime, anywhere.
With TrustOnDemand™, we can make instant decision. The tech-enabled infrastructure helps to cross cut the turnaround time for hiring people and screening while helping build trust in the sharing economy.
