According to AuthBridge, identity management, and business intelligence company, eight out of every 100 applicants will be deceived or misinformed on work applications in 2020, with the IT sector having the highest disparity in employee background verification at 16.60 percent.
AuthBridge said in its sixth annual trend study that despite a decrease in overall discrepancy over the last three years, the healthcare sector had the second-highest discrepancy at 12 percent, led by retail at 10.22 percent, and BFSI (banking, financial services, and insurance) and pharma at 9.76 percent and 9.65 percent, respectively.
The travel and hospitality sector, with a discrepancy ratio of 9.58 percent, was also on the list of sectors with the highest discrepancy ratios, according to the report. According to the report, “eight out of every 100 candidates lie or misinform during the job application process.”
Candidates aged 35 to 39 have the highest disparity rate of 9.09 percent, suggesting greater incentives for candidates in this age group to falsify their qualifications for better job opportunities, according to the report.
“Candidates aged 35-39 had the largest percentage of discrepancies, and this age group has been performing well for the past three years… As a result, it’s crucial to be vigilant when recruiting in that age range “Ajay Trehan, the founder, and CEO of AuthBridge, replied via email.
In response to the report’s results, he said, “It’s understandable that the overall top-level trend shows discrepancy has decreased in the last three years. As corporate India becomes more aware of and adopts background screening procedures, it filters out suspicious applicants who either fail to initiate the process or have a legitimate reason to be truthful.”
“Interestingly, there hasn’t been much of a decline in the gig economy space, and the gap has stayed between 4% and 5%,” he said. Email, jobs, identification, and education verifications are the most common discrepancies, according to AuthBridge.
“Employment verification remains the most egregious offender – the review with the most inconsistencies throughout industries. This is needed for all white-collar recruiting, and employers must screen at least the previous three jobs “Trehan remarked.
Between 2018 and 2020, police verification in the on-demand sector increased dramatically from 3% to 19%, he said. According to the survey, two out of every 100 applicants in the on-demand and blue-collar sectors had a criminal or civil litigation history.
According to Trehan, address search discrepancy has decreased to 6% in 2020 from 10% in 2018, owing to improved address verification mechanisms, but the eastern part of India still has the highest discrepancy due to difficult terrain and dropouts.
“For the third year in a row, North India showed the highest discrepancy in education checks at 1.44 percent in 2020, and it also had the highest job discrepancy at 5.71 percent,” according to the study.
It went on to say that East India had the highest difference in address checks, at 5.45 percent.
AuthBridge’s Annual Trend Report 2020 “draws data-driven insights from millions of background checks performed by the firm and inconsistency patterns found in the details shared by candidates during their verification process over the last three years,” according to the company.
The study analysed disparity trends across 15 industries using a range of checks. Identity verification, address verification, education verification, reference verification, and criminal history verification were among the checks performed.