According to the latest study by wisdomjobs.com job application fraud is at five years high. The survey stated that job application-related frauds rose to 11% in 2014 and 12% in 2015 from 9% in 2011, 2012 and 2013. However, 12% companies reported some kind of forgery like fake employment, address, education or some other personal credentials in 2015. Meanwhile sectors such as IT and banking, financial services and insurance (BFSI) and Telecom sectors conduct background checks and screening to avoid any damage to their brand image and that of their clients.
Sector wise analysis found that over 39.5% of the total job frauds detected by the company were in the BFSI sector, followed by 24.2% in IT and 16.5% in telecoms. Job candidates across the sectors such as telecom (32%), engineering (23%) and retail (17%) reported maximum job-related discrepancies. More than 65% fraud cases found among the age group of 22-30 years or at the junior management level. The survey also stated that job frauds are 11.8% of all those in the 22-30 year age group,16.9% among the 31-40 age group, 17.6% among the 41-50 age group and 20.6% among those aged 51 and above. Over 52.5% of all verified candidates reported job discrepancies in January-March, 60.1% during October-December. During the same period, address-related discrepancies were found in 13.1% of the cases, education in 5.6% and other discrepancies in 23.8% cases. Region wise analysis found that maximum job frauds in south India reported employment (36.2%) and address (40.1%) while north India topped in frauds related to education at 36.4% in the last quarter of 2015. Top four cities displayed maximum job frauds were Bangalore (17.3%), Mumbai (15.1%), Hyderabad (9.2%) and Gurgaon (8%).
All rights reserved © 2020 Wisdom IT Services India Pvt. Ltd