What is the BGV process?
The BGV process or the background verification process is a systematic procedure used by organizations to validate the credentials and history of a candidate or employee.
What EY can do for you
With companies undertaking digitalization and adopting hybrid working models, the process of employee onboarding has undergone a major overhaul too. Remote hiring, while opening job opportunities and a chance for companies to hire from across the world, has given rise to unprecedented incidences of employment fraud. Not only has this hampered pre-employment checks but also endangered the reputation of the organization with the threat of under-qualified and inexperienced resources representing them across platforms. EY teams can help companies mitigate this threat, enabling them to hire verified candidates.
Faking false identity, hiding information, falsifying facts, placing proxy attendees during work evaluation, multiple affiliations, harnessing deep fakes using a collection of images, videos, and audio to generate identity, job scams, moonlighting, and phishing attacks on job portals are just some frauds that have come to light in the hiring space in recent times. This leaves employers in a highly vulnerable position, trying to cover all bases at once. With the gig economy gaining prominence, it becomes a herculean task to trace claims made by candidates during employee verification.
One of the most important tools to achieve risk management in hiring is through strengthening existing employment background verification solutions. Traditional BGV methods are slow, error-prone, and require manual inputs, in addition to incurring huge costs due to the time taken to complete the process. Not only does this delay onboarding, but it can also lead to companies losing out on preferred candidates to other organizations with faster employee background verification services. Digital business landscape calls for automated background checks. By leveraging Artificial Intelligence tools for HR recruitment, companies can streamline employee verification and ensure greater accuracy in record time.
EY teams can help companies: