The proportion of senior-level professionals caught fudging particulars to spice up their probabilities of being employed doubled from a 12 months in the past. - SecUR Credentials
Right here’s a warning for recruiters at Indian firms — it pays to take a more in-depth take a look at resumes.
The proportion of senior-level professionals caught fudging particulars to spice up their probabilities of being employed doubled from a 12 months in the past, in accordance with a survey by background verification firm SecUR Credentials to which ET was given unique entry.
In accordance with the survey carried out between January and September, 12% of senior candidates had been discovered to have discrepancies on their CVs, up from 6% within the year-earlier interval.
Tighter job markets and cost-cutting workout routines that put high-cost assets at higher danger have contributed to this development, stated headhunters and management consultants. Additionally accountable are layoffs throughout sectors similar to IT/ITeS (data technology-enabled providers), startups, BFSI (banking, monetary providers, and insurance coverage) and telecom moreover higher competitors for senior roles.
“It’s the high-cost assets which are usually at higher danger of getting pushed out,” stated SecUR Credentials CEO Rahul Belwalkar. “They generally resort to this follow to cowl up the gaps in employment.”Apparently, mid-level executives are likely to garnish the reality greater than juniors. About 7.5% of the previous had discrepancies, whereas on the junior stage it was about 6%. The survey lined 300,000 background checks throughout numerous ranges.
The most typical discrepancies are about expertise, pay and place — 40% lied in regards to the tenure of employment, 30% inflated salaries and one other 30% exaggerated designations, roles, and many others.
“One method to clarify that is that the job market, significantly in some sectors, is tight. Generally individuals, out of desperation to land a brand new job or swap a job, are likely to exaggerate their roles or achievements and take credit score for issues they haven’t completed,” stated Anuj Roy, companion, digital follow at government search agency Transearch. “Apart from IT/ITeS, even in the event you take a look at captives from a BFSI standpoint, they had been arrange from a cost-saving perspective. The extra senior you turn out to be, the extra of a danger it’s.”
James Agrawal, managing director of BTI Consultants, concurred. “Quite a lot of issues are altering. As an example, the arrival of latest applied sciences implies that the demand for legacy options just isn’t there,” he stated.
Concentrate on Background
“Quite a lot of these professionals who’re on the lookout for job adjustments attempt to determine a method to make themselves extra engaging to recruiters. As an example, there are individuals hiding short-duration stints, projecting their achievements in a significantly better gentle or hiding the truth that they’ve been laid off.”
Total, there appears to be higher consciousness amongst firms to mitigate dangerous hires by conducting background screening. Other than early adopters like BFSI and IT, sectors similar to e-commerce are additionally checking up on resumes, Belwalkar stated. Schooling and previous employment historical past accounted for the majority of those investigations.
EMA Companions managing companion India Okay Sudarshan stated executives could be significantly better off being sincere as a result of typically, a recruiter isn’t involved about brief work stints a decade in the past or whether or not an individual with a great report was laid off as a result of the sector was going by way of difficult instances.
“Generally seniors do that even once they needn’t,” he stated. “Corporations aren’t accepting of white lies. They need transparency.” As soon as discrepancies are detected in a background screening, job presents are withdrawn in most cases, headhunters stated. However there could be exceptions.
BTI’s Agrawal cited the instance of a US-based chief at an Indian IT firm who was laid off. He’d approached potential employers saying that he needed to relocate to India for private causes. “One firm caught him out, however had been understanding of the explanations behind his actions. They made him a suggestion, which he took up,” Agrawal stated.