In first fortnight of July 2008, Tata Consultancy Services (TCS) has allegedly fired twenty employees for providing fake certificates of previous employment by bogus companies. It seems that TCS wants to set an example to fradulsters and they feel the best way to do this is to get stricter about the people they employ.
It companies are now focusing on a more through background screening, including field checks on companies that aren't in their database.
The temptation to earn more, either by fair or foul means, has induced many persons to fudge information on their CV's by greatly exaggerated information and also, suppressing the particulars. Sometimes prospective employer can t imagine that the new entrant is being inducted to get the confidential data or information either for the competitor or for himself. When such an eventuality occurs, nothing can be done but to suffer in isolation. Such or similar cases have become very common.
A write-up released on the research as published in the Hindustan Times, reveals that three in every ten job seekers fake it on their CV's to get a job as per recent surveys conducted across the country between 2007 January and March 2008 . Dishonesty ranged from inflating salaried and submitting fake certificates, including fudged university mark sheets. Such lying is one of the reasons India Inc loses about $ 40 billion (Rs.1.72 lakh crore) annually though corporate frauds by company insiders, according to a survey conducted by India Forensic Research, a background check firm.
"e have seen in the past two years that people who lies on their CV'S are more prone to committing larger frauds later", said Ashish Dehade, managing director, west Asia operations, of First Advantage, a US based multinational background check firm which surveyed 1.5 million cases in the past 15 months.
"Recently, six employees of a multi national bank committed a major credit card scam. it was found that all six had lied on their Cv's about their employment record. In fact all six had lied even to get into their previous jobs."
Infotech giants Tata Consultancy Services does a through background check of all recruits within seven days of issuing offer letters.
Conveniently restricted to Infotech, information technology enabled services, banking and insurance, frauds have more than doubled in the last six months in fast moving consumer goods, retail, health care and travel industries.
One in every three employees in the banking finance, security and insurance (BFSI) sector, every fourth infotech employee and one in every six in infotech enabled service sector were guilty of misrepresenting or faking education or employment records, revealed the First Advantage survey.
Most frauds were reported at the upper rungs of the ladder. Top (C-level) Executives, including board directors and vice-presidents, were responsible for 42 percent of all frauds committed, revealed a survey conducted by India operations of KPMG Forensic last year.
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From India, Hyderabad
11It companies are now focusing on a more through background screening, including field checks on companies that aren't in their database.
The temptation to earn more, either by fair or foul means, has induced many persons to fudge information on their CV's by greatly exaggerated information and also, suppressing the particulars. Sometimes prospective employer can t imagine that the new entrant is being inducted to get the confidential data or information either for the competitor or for himself. When such an eventuality occurs, nothing can be done but to suffer in isolation. Such or similar cases have become very common.
A write-up released on the research as published in the Hindustan Times, reveals that three in every ten job seekers fake it on their CV's to get a job as per recent surveys conducted across the country between 2007 January and March 2008 . Dishonesty ranged from inflating salaried and submitting fake certificates, including fudged university mark sheets. Such lying is one of the reasons India Inc loses about $ 40 billion (Rs.1.72 lakh crore) annually though corporate frauds by company insiders, according to a survey conducted by India Forensic Research, a background check firm.
"e have seen in the past two years that people who lies on their CV'S are more prone to committing larger frauds later", said Ashish Dehade, managing director, west Asia operations, of First Advantage, a US based multinational background check firm which surveyed 1.5 million cases in the past 15 months.
"Recently, six employees of a multi national bank committed a major credit card scam. it was found that all six had lied on their Cv's about their employment record. In fact all six had lied even to get into their previous jobs."
Infotech giants Tata Consultancy Services does a through background check of all recruits within seven days of issuing offer letters.
Conveniently restricted to Infotech, information technology enabled services, banking and insurance, frauds have more than doubled in the last six months in fast moving consumer goods, retail, health care and travel industries.
One in every three employees in the banking finance, security and insurance (BFSI) sector, every fourth infotech employee and one in every six in infotech enabled service sector were guilty of misrepresenting or faking education or employment records, revealed the First Advantage survey.
Most frauds were reported at the upper rungs of the ladder. Top (C-level) Executives, including board directors and vice-presidents, were responsible for 42 percent of all frauds committed, revealed a survey conducted by India operations of KPMG Forensic last year.
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XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXX
CCCCCCCCC
CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC
From India, Hyderabad
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