Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,274.20569.4
Stock Analysis, IPO, Mutual Funds, Bonds & More

SME Candidates 6 times more likely to fail background check than MNC candidates

The study also found that as a result, SMEs are 50% more likely to hire the wrong candidate compared to MNCs.

Aug 21, 2019, 06.51 PM IST
0Comments
Getty Images
Jobs-getty
A significant 0.83% of candidates also failed drug tests, down from 1.23% in 2017, but up from 0.77% in 2016.
NEW DELHI: Candidates for SMEs (small and medium enterprises) are six times more likely to fail a background check than those for an MNC (multinational corporations), according to a report by background verification firm Authbridge.

The study also found that as a result, SMEs are 50% more likely to hire the wrong candidate compared to MNCs.

The report also found that the number of people failing background checks had been falling in the last two years from 7.5% in 2016 to 6.8% in 2018, and attributed this to greater awareness that verification was being carried out. The report also found that the maximum number of discrepancies occurred in North India, with Chandigarh being the city with the highest percentage of discrepancies (7.8%), followed by Pune (7.5%).

The report also found that the maximum number of discrepancies were found in the 35-45 age range. The BFSI (banking, financial services and insurance) sector had the maximum number of discrepancies.

A significant 0.83% of candidates also failed drug tests, down from 1.23% in 2017, but up from 0.77% in 2016.

Ajay Trehan, CEO of AuthBridge, said, “Our annual trend report is the product of analysing the outcome of millions of checks conducted across a year. It drives our objective of being knowledge partners to the corporates, providing them valuable insights around latest data available in India around verification.”
Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service