nasscom hr summit 2014: paradigm change: background screening or global compliance? - navin chugh,...
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Presentation by Navin Chugh, Managing Director, First Advantage at NASSCOM HR Summit 2014.TRANSCRIPT
FADV.com© First Advantage 2013
April 8, 2023
Paradigm Shift – Background Screening OR Compliance
Imperative for Change
Navin Chugh
2
Paradigm Shift – Change is Imperative
3
64% of companies plan to increase their
hiring activities in the next 12 months
Are You Prepared to Hire the Best?
Hiring and onboarding Employer Branding
Screening
SourcingAssessments
Recruiter
Paradigm Shift – Changing Roles & Trends
Four Trends Impacting Background Screening Today
Source – Aberdeen Report 2014
4
Paradigm Shift – Background Screening OR …
10%Education
4%Others
15%Address
60%Employment
Q1-2013 Q2-2013 Q3-2013 Q4-20137.50%
8.00%
8.50%
9.00%
9.50%
10.00%
10.50%
OVERALL DISCREPANCY TREND• 23 million checks globally• Background checks across
industries like BFSI, IT, ITES, etc.• 1.8 million checks in India alone
Mature Industries – 10% DiscrepancyNascent Industries – 30% Discrepancy
12%Others
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Paradigm Shift – OR Global Compliance
REQUIREMENTS & ISSUES• PII• FCPA• FCRA• Internal Security• Data Privacy• BCP• Disaster Recovery• CXO, Executives personal liability &
responsibility towards the organisation
300+ COMPLIANCE REQUIREMENTS
Do you know the amount of fines paid by banks and other companies?
Do you know CXOs are personally liable?
Is it worth the risk?
Tactical Critical StrategicTransform
ative
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