Background Screening Benefits The SME"s
SME sector of India is considered as the backbone of economy contributing to 45% of the industrial output, 40% of India's exports, employing 60 million people, create 1.3 million jobs every year and produce more than 8000 quality products for the Indian and international markets.. Despite of this strong growth, there is huge potential amongst Indian SMEs that still remains untapped. Once this untapped potential becomes the source for growth of these units, there would be no stopping to India posting a GDP higher than that of US and China and becoming the world's economic powerhouse. The above mentioned facts brings to notice the worth of SME's in the country and therefore as an organisation they should realise the importance of background verification.
SME's have less resources available compared to large organisations.The employee strength is also less when compared to large organisations. When a SME starts its operations it tries to hire employees who are most competent in their specific job role. Moreover at times they are also required to multi task because of constraints pertaining to limited resources.Therefore the key requirement becomes hiring of quality workforce who bring along their expertise to the organisation and stay with the organisation through the tough times to make it flourish better.Hence employee background check becomes even more necessary when it comes to SME's.Generally SME's have limited budget allocated for different activities,hence employee screening seems to them as an added cost with no productive output. This is where a SME goes wrong. While hiring an employee a SME has to incur a cost so, if an employee is hired without employee background check and he/she turns out to be a fraud, organisation could suffer a lot.The SME has to again incur the cost of re hire which can also be a tiresome process.In the absence of a background check a SME cannot detect the entry of an employee faking his/her resume details. This makes the organisation vulnerable to hire an employee who also might have a past criminal background or may be indulgent in consumption of illegal drugs.Such a person might also have a tendency to manipulate and misuse the organisation's financial assets. Therefore SME's must give importance to the need of background verification and always seek help from the background verification companies with proven expertise. This will help the SME's in ensuring quality workforce being employed, who will help in strengthening the further growth and sustainability in the industry. The economy will also benefit as a result.
SME's have less resources available compared to large organisations.The employee strength is also less when compared to large organisations. When a SME starts its operations it tries to hire employees who are most competent in their specific job role. Moreover at times they are also required to multi task because of constraints pertaining to limited resources.Therefore the key requirement becomes hiring of quality workforce who bring along their expertise to the organisation and stay with the organisation through the tough times to make it flourish better.Hence employee background check becomes even more necessary when it comes to SME's.Generally SME's have limited budget allocated for different activities,hence employee screening seems to them as an added cost with no productive output. This is where a SME goes wrong. While hiring an employee a SME has to incur a cost so, if an employee is hired without employee background check and he/she turns out to be a fraud, organisation could suffer a lot.The SME has to again incur the cost of re hire which can also be a tiresome process.In the absence of a background check a SME cannot detect the entry of an employee faking his/her resume details. This makes the organisation vulnerable to hire an employee who also might have a past criminal background or may be indulgent in consumption of illegal drugs.Such a person might also have a tendency to manipulate and misuse the organisation's financial assets. Therefore SME's must give importance to the need of background verification and always seek help from the background verification companies with proven expertise. This will help the SME's in ensuring quality workforce being employed, who will help in strengthening the further growth and sustainability in the industry. The economy will also benefit as a result.
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