iCrederity's blog

KYC stands for Know your customer is known to be a depository, which
is captured centrally, to store valuable details of the customers. As per the
banking regulation, any financial institution or other companies must collect
the required data from their clients. These documents are known as KYC
documents that help to identify the customers engaged in multiple types of
financial transactions with the institution. All financial institutions in
India need to make compulsory KYC verification of their customers to restrict
money laundering.

The best
candidates in the industry are desired to be hired by any organization, but who
is the best is something quite tricky to decide.

Organizations
before hiring employees, conduct specific tests. These tests cover the checking
of commercial, personal and criminal data of a candidate. It is also known as
an employment background check.
It is vital both for prospective job seekers and employers to understand the
parameters of background checking. 

Process of
background checking

PAN card is one of the most
vital proofs of your identification. This proof is required, in almost every
work. You may need it for opening a bank account, applying for a passport, or
even for making investments. If you are going to apply for a job, or you are
opting for taking a loan, for all you need a PAN. PAN card details verification, is done by the risk checking
unit of any organization that received an application from a person for loan,
account opening, job application, and various other things. Keeping this

As an employer, you want
the best to be your employees. But are Good qualifications and experience
enough to call one an ideal candidate? Well, no, and there are various other
parameters to check. Background Checking and especially criminal background
checking is a must when you hire. This pre-employment screening is necessary to
keep your company safe from any potential risk. Just like you, many other
companies are there which conduct criminal
background check processes to ensure that they are hiring the right
person. 

When a
business expands, there is an increase in the need for manpower. You need
experts for different profiles to manage the business. All these posts demand
relevant educational qualifications. A company needs to check the educational
qualification of every applicant before making a selection. It is needed to
restrict the hiring of a wrong candidate. If proper education verification is not
done, then there is a possibility your expansion plan of business may get
hampered. 

What does it
mean by educational verification? 

The moment you realize that
you need more workers for your business, it indicates you are expanding. But
how to conduct the interview and what and how to check before issuing the
letter of appointment?

As a
recruiter, employee screening is
one of the most important steps to follow. If proper screening is not
conducted, then it becomes quite tough to select the best candidate for that
particular post. However, it is a critical job, and it should be executed with
perfection. The sole target of an organization at the time of recruitment drive
is to host the recruitment process successfully. Here the pre-employment
checking plays a vital role. There are some dedicated companies which are

Employment
verification can be
defined as a process in which work history shared by a job applicant is
verified. The verification process
confirms that the candidate holds the work experience which they claimed and
mentioned on their resume.

Big companies need a vast
workforce, and sometimes it turns difficult to verify the records of the
employees they hire in bulk. One of the common examples of such types of firms
or organizations is BPO or call centres.