FAKE RECRUITERS AND FAKE CV's rampant in Hyderabad
FAKE RECRUITERS AND FAKE CV's rampant in Hyderabad
Report in Deccan Chronicle 29.4.09 and 1.5.09
“At a time when there are no pro- jects for the bigger firms to work on, it would be silly to believe that small firms can provide youngsters an opportunity.”
Many companieshave shut shop in the city after taking money from unemployed youth promising them placements.
One of them, Coriolis Staffing Company, set up office in October 2007 at Begumpet with Ms Kanchan Juneja as the CEO and Mr Mohammad Mushtaq as associate vice-president.
The “IT guide” of the company was Mr Vamshi Krishna.
The company did brisk business and appointed a few persons and convinced them to invest in their company for assured returns.
After a year, the company shut sop and the CEO and associate vice-president disappeared. They were later arrested in December 2008.
In another case, a person by name Pasaru Dushyanth Reddy cheated young job aspirants by taking money from them and promising them jobs in the police department. An Intermediate degree holder, he finished his MBA from ICFAI in the city.
While pursuing his management degree from the city, he worked as computer operator in Dr Reddy’s laboratory and later as a sales executive with the ICICI bank.
Soon after completing his education, he started an institute and collected Rs 5,000 as security deposit from 20 unemployed youth.
In March this year, he was arrested for cheating them of huge sums of money.
Several such instances of youth being cheated after being promised jobs have cropped up in the city in recent times.
“These companies indulge in money circulation,” said Mr R.S. Praveen Kumar, DCP (DD) of Hyderabad. “They collect money in the name of security deposit and promise to find them jobs in renowned software firms. Then the youngsters are duped.” Police has asked youth to do a careful background check of companies before investing money in them.
FAKE CV's
A recent survey threw light on the fact that many recruiters have had their doubts about exactly how many job applicants lie in their resumes? Well, that figure is three out of 10 and it’s a menace that is even more prevalent in corporate India, in times of job famine.
According to Rajaram Agrawal, managing director of TalentAhead Background Screening, employment-related areas in which individuals lie the most are in their projected salaries, the fact that they have claimed higher responsibilities, their experience and duration of employment (even to the extent of providing a fake experience certificate). “In education-related areas, they can lie about the educational institutions they have studied in and the percentage of marks they have scored,” he said. Some candidates even manipulate their residential addresses to get a job.
Hiring such an employee might not seem risky, but a company puts its reputation at stake at times like these.
“There are also financial and legal risks if a candidate with a past criminal record or fraudulent intentions is hired.
The recent cases of customer data theft in a leading BPO, involvement of a software engineer of a leading IT company in the terror attacks have brought this issue to the boardrooms of corporates,” said Agrawal.
Apart from the above, the cost of wrong hire is 15 times higher than the salary paid to the candidate hired as per an industry expert.
To overcome this menace companies have started a comprehensive background verification policy for all the prospective employees. “The verification is obtained by getting information from reliable records maintained by the institutes, organisations, universities, public databases and police records. A good candidate understands the importance of background check. This also displays professionalism on the part of an employer who has exercised due diligence in their hiring,” says Agrawal.
Report in Deccan Chronicle 29.4.09 and 1.5.09
“At a time when there are no pro- jects for the bigger firms to work on, it would be silly to believe that small firms can provide youngsters an opportunity.”
Many companieshave shut shop in the city after taking money from unemployed youth promising them placements.
One of them, Coriolis Staffing Company, set up office in October 2007 at Begumpet with Ms Kanchan Juneja as the CEO and Mr Mohammad Mushtaq as associate vice-president.
The “IT guide” of the company was Mr Vamshi Krishna.
The company did brisk business and appointed a few persons and convinced them to invest in their company for assured returns.
After a year, the company shut sop and the CEO and associate vice-president disappeared. They were later arrested in December 2008.
In another case, a person by name Pasaru Dushyanth Reddy cheated young job aspirants by taking money from them and promising them jobs in the police department. An Intermediate degree holder, he finished his MBA from ICFAI in the city.
While pursuing his management degree from the city, he worked as computer operator in Dr Reddy’s laboratory and later as a sales executive with the ICICI bank.
Soon after completing his education, he started an institute and collected Rs 5,000 as security deposit from 20 unemployed youth.
In March this year, he was arrested for cheating them of huge sums of money.
Several such instances of youth being cheated after being promised jobs have cropped up in the city in recent times.
“These companies indulge in money circulation,” said Mr R.S. Praveen Kumar, DCP (DD) of Hyderabad. “They collect money in the name of security deposit and promise to find them jobs in renowned software firms. Then the youngsters are duped.” Police has asked youth to do a careful background check of companies before investing money in them.
FAKE CV's
A recent survey threw light on the fact that many recruiters have had their doubts about exactly how many job applicants lie in their resumes? Well, that figure is three out of 10 and it’s a menace that is even more prevalent in corporate India, in times of job famine.
According to Rajaram Agrawal, managing director of TalentAhead Background Screening, employment-related areas in which individuals lie the most are in their projected salaries, the fact that they have claimed higher responsibilities, their experience and duration of employment (even to the extent of providing a fake experience certificate). “In education-related areas, they can lie about the educational institutions they have studied in and the percentage of marks they have scored,” he said. Some candidates even manipulate their residential addresses to get a job.
Hiring such an employee might not seem risky, but a company puts its reputation at stake at times like these.
“There are also financial and legal risks if a candidate with a past criminal record or fraudulent intentions is hired.
The recent cases of customer data theft in a leading BPO, involvement of a software engineer of a leading IT company in the terror attacks have brought this issue to the boardrooms of corporates,” said Agrawal.
Apart from the above, the cost of wrong hire is 15 times higher than the salary paid to the candidate hired as per an industry expert.
To overcome this menace companies have started a comprehensive background verification policy for all the prospective employees. “The verification is obtained by getting information from reliable records maintained by the institutes, organisations, universities, public databases and police records. A good candidate understands the importance of background check. This also displays professionalism on the part of an employer who has exercised due diligence in their hiring,” says Agrawal.
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