Employee Credential Verification on the RecordsKeeper Blockchain
Employers face a major hurdle in hiring employees when they require verification of candidates’ credentials. A survey conducted by one of the largest online job finder sites, CareerBuilder, found that a staggering 58% of employers have found fraudulent details on the resumes of individuals. A separate report on the 2015 hiring outlook done by HireRight, a company offering global background checks, employment verification services, and drug testing shows that screening of misrepresented resumes is required for 86% of employers. There is no doubt that resume accuracy is a common problem in the current environment and the effort required to verify credentials impacts the hiring process and costs employers time and money. This is where RecordsKeeper will increase transparency and address fraud in employee credentials.
RecordsKeeper helps employers in verifying employee details, by allowing for the inspection of the source of their funds, business interests, and employment history. They can also monitor the verification progress along the way. Every employer has to perform the KYC process individually and upload the validated information and documents to RecordsKeeper where it is stored as digitized data and tagged with a unique identification number for each customer. By using this reference number, the employer can access the stored data to perform due diligence whenever employees apply for a new job.