The proliferation of internet in India in the last few years has completely transformed how information is being shared. It has changed the way businesses work. It has set the stage for e-commerce to grow rapidly in India. But with rapid growth comes a new set of challenges – blue collar workers like delivery boys are now directly interacting with customers. This might have huge risk implications.
Verifying every individual you work with thus becomes imperative. We work with 2 out of the top three players in the industry and have a robust portfolio of solutions and platforms designed specifically for e-commerce.
IT and ITes industry has been one of the early adopters of background verification checks.
If you look at the statistics of IBEF (India Brand Equity Foundation), you will find that the IT-BPM sector in India has expanded at a CAGR of 13.7% between the years 2010 and 2016. This rate is about 3-4 times higher than the global IT-BPM growth. Interesting, isn’t it? As India continues to gain marketshare in IT-ITes globally, it comes as a demand to recruit from the best talent pool. It is no surprise, therefore, that the best candidates emerge from the best screening solutions.
The retail sector in India has one of the highest turnover rates across the globe.
In fact, as per research conducted by Hay Group, there is a median turnover rate of 67% for part-time retail employees.
With such high employee turnover, isn’t it imperative to conduct a 360° degree employee background check?
As you are aware, the financial services industry is growing at an unimaginable pace, connecting every corner of the world.
As money travels from one point to another in no time at all, employees in this sector are held accountable for every transaction that happens.
While technology has made the jobs of humans fairly easier than before, it has also brought in a higher level of responsibility. People working in the financial services industry have to deal with highly sensitive data which requires full protection. This is where the employee background checks can be extremely critical.
As far as the healthcare industry is concerned, the main challenge seems to be finding qualified talent. There is no denying that the turnover in hospitals is high, but on the other hand, the high costs of hiring new talent pool cannot be discounted. This high turnover can have an adverse effect on the hospital leadership. Avoid errors in judgement!
When it comes to healthcare, a professional education check is a must. At Bactrak we provide a thorough report detailing the credential background of candidates which will include information about the authenticity of their medical practice.
The one thing that has plagued this industry is the high turnover ratio. As per a report published by peoplefacts.com,
a 352% turnover rate of temporary and contract workers in the staffing industry was recorded in the year 2016.
Despite the rapid growth that this industry has in the recent past, it is still marred by the high turnover rate. So, give your staffing services an edge by ensuring a safe, honest and credible workspace for all the employees!
3G and 4G are a thing of the past. The telecom industry saw speedy innovation and a growth of 5.2% between 2014 and 2017.
This kind of growth puts further pressure on the industry and calls for a stabilization of the pace at which it’s growing.
But can you maintain that kind of growth or aim higher without the right talent? Avoid any risks associated with employee-hiring!
It has been estimated that the manufacturing sector will create a maximum of 90 million domestic jobs in India by 2025. There is a need for a robust background screening so you can be assured of selecting risk-free employees, and protect your intellectual property from internal fraud and theft.
There is a growing pressure from the industry leaders in business services to keep up with the competition.
Just like all the major industries, business services sector also is in need of candidates for lontg-term retention. Hire right and worry no more about your retention rate.
There are always high expectations from this industry. Educational institutes are under pressure to deliver safe and in a trusted learning environment. This calls for a an all-inclusive background verification check that can assist in running checks on staff, faculty and other workers in the campus. That way, the integrity of the institute is maintained and its reputation, enhanced.
The civil aviation industry in India is one of the fastest growing industries in the country.
India currently ranks third as the largest domestic civil aviation market in the world.
A new era of expansion is beginning, owing to low-cost carriers, modern airports, Foreign Direct Investment, advanced information technology (IT) interventions and growing emphasis on regional connectivity. The industry needs the best fit.
This industry is governed by stringent industry regulations and strict employee monitoring. To ensure safety in daily operations, Bactrak assists you with background screening services.