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April 8, 2023

Paradigm Shift – Background Screening OR Compliance

Imperative for Change

Navin Chugh

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Paradigm Shift – Change is Imperative

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64% of companies plan to increase their

hiring activities in the next 12 months

Are You Prepared to Hire the Best?

Hiring and onboarding Employer Branding

Screening

SourcingAssessments

Recruiter

Paradigm Shift – Changing Roles & Trends

Four Trends Impacting Background Screening Today

Source – Aberdeen Report 2014

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Paradigm Shift – Background Screening OR …

10%Education

4%Others

15%Address

60%Employment

Q1-2013 Q2-2013 Q3-2013 Q4-20137.50%

8.00%

8.50%

9.00%

9.50%

10.00%

10.50%

OVERALL DISCREPANCY TREND• 23 million checks globally• Background checks across

industries like BFSI, IT, ITES, etc.• 1.8 million checks in India alone

Mature Industries – 10% DiscrepancyNascent Industries – 30% Discrepancy

12%Others

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Paradigm Shift – OR Global Compliance

REQUIREMENTS & ISSUES• PII• FCPA• FCRA• Internal Security• Data Privacy• BCP• Disaster Recovery• CXO, Executives personal liability &

responsibility towards the organisation

300+ COMPLIANCE REQUIREMENTS

Do you know the amount of fines paid by banks and other companies?

Do you know CXOs are personally liable?

Is it worth the risk?

Tactical Critical StrategicTransform

ative

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