Statfin | Solutions | Background Verification

BACKGROUND VERIFICATION (BGR)

Background Verification, an extensive process that involves many diligent and thorough checks to identify whether an employee adheres to employment and legal compliance practices to ethically gain an employment offer from a business or an organization.

About BGV

What is Background Verification (BGV)?

Businesses have ensured that employees complying with BGV practices is a must and hence, BGV companies have employed high-tech verification measures to properly screen the data received. BGV often involves multiple layers of screening, validating against multiple authorized databases to ensure trust and compliance for easy onboarding.

Why is Background Verification important?

Modern Screening Solution: Background Verification is a new-age tool to assess a person’s credibility for informed decision-making.
Beyond Employment: It extends beyond hiring, helping businesses verify individuals for various purposes.
Risk Assessment: Businesses use BGV to evaluate necessary details before granting access to their services.
Confident Onboarding: A thorough verification process ensures trust and security in onboarding new members.

Key Features

Clear Workflow with Organized Protocols

Our background check is extensive, uncompromising and precise, which will not leave any space for discrepancies to arise in the future.

Transparency and Trust

We largely ensure Transparency and Trust are maintained at all levels or throughout our services.

Scalability

Regardless of the check or verification, we maintain our standards for each of its processes that perfectly align with a business’s onboarding goals.

Real-Time Tracking

Experience Real-time tracking like nowhere to move ahead faster in your business.

API and System Integration

The integration of our APIs in the clients’ system enables them to send requests and receive reports seamlessly.

Our Process

Comprehensive Checklists

Data Collection

Verification Initiation

Customized Screening

Detailed Reporting

Comprehensive Checklists

Obtain a complete list of checks required for a business.

Data Collection

Gather necessary documents, sheets, or files for verification.

Verification Initiation

Background Verification begins, and updates are shared with the clients.

Customized Screening

Each check follows a tailored workflow, sourcing secure and authorized databases.

Detailed Reporting

A final report is generated with clear findings, observations, and statistics.

F.A.Qs

What is Background Verification?

Why is background verification considered necessary and important?

What details are usually verified through the Employee Background Verification Process?

What is the TAT of a Background Verification check?

What happens if a person or a candidate fails a background check?

What is Background Verification?

Background Verification is a process of verifying or assessing a person’s personal and official details for authenticity and trueness or credibility. The process is highly undertaken for employment purposes, such as securing partnerships or onboarding new users.

What is Background Verification?

Why is background verification considered necessary and important?

In today's fast-paced world, background verification is essential for assessing an employee's credibility and making informed hiring decisions. It ensures a secure workplace by verifying credentials, preventing fraud, and fostering trust between employers and employees.

What details are usually verified through the Employee Background Verification Process?

Previous Employment History, Salary Verification, Reference Checks, Fraudulent Employment Detection, UAN (EPFO) and Gaps.

What is the TAT of a Background Verification check?

Basic Employment Verification (Digital Records) – 1-3 business days Manual Employment Verification (Employer Response Needed) – 3-5 business days Comprehensive Employment BGV (Including Criminal & Reference Checks) – 5-7 business days.

What happens if a person or a candidate fails a background check?

If an employee fails a background check, the employer may reject the candidate, revoke the job offer, or take necessary actions based on company policies and compliance requirements. The candidate may be given a chance to clarify discrepancies if permitted.