NEW DELHI:
AuthBridge Research Services Pvt. Ltd, the largest Indian Employee Background Verification firm, today shared a new-age solution – AuthLead™ – for an exhaustive background screening of senior-level hires. The solution conducts a thorough verification on search parameters especially relevant for the top brass and offers accurate, fast and intelligent reporting on a candidate to enable a well-informed hiring decision. AuthLead™ is a bespoke offering in line with the company’s vision of enabling trust and facilitating safety in the corporate environment.
The conception of AuthLead™ is an outcome of AuthBridge’s deep domain knowledge and the observation that leadership frauds are carcinogenic to an organisation’s health as leaders, including CEOs, CFOs CXOs, have the best access to the internal workings of an organisation.
The sensitive information on the company’s financials and its assets, growth plans and vulnerabilities fallen in the wrong hands can cause serious dents to the reputation and finances, also leading to legal troubles in some cases. In fact, leadership frauds are six times more damaging than frauds by other employees, A 2018 ACFE Report to the Nations highlights.A thorough verification up to speed with the changing times, hence, becomes a crucial step in the hiring of top leaders.
AuthBridge’s – AuthLead™ – goes beyond verifying tangible credentials to gather 360-degree insights around personal and professional behaviour, skillsets, criminal record, web and media presence, career progression, credit history and more. The checks offered, consider the best applicable parameters and can be customised, depending on the area/industry of operation or the level of risk involved.
The solution not only relies on secondary sources of information but follows primary investigation methods to reveal a holistic picture, in cases where applicable.Research-based screening of references allows for unbiased verification and competency mapping on 8 critical attributes to evaluate candidate’s professional performance and candidature.
As unlikely as it may seem, the world has seen leadership frauds of varying nature -be it furnishing of fake education degree by the CEO of Yahoo; misrepresented employment history by the CEO of a Sunbeam; sexual harassment lawsuits against “a star” leader at Fox News, software manipulation at Volkswagen to a more recent incident of a financial fraud at an Indian public sector bank.
These instances point to the fallacy of traditional verification methods that offer a narrow view of an individual, mostly from the prism of their own deciding. While the reputational and financial implications of fraud by a C-suite executive may be obvious – a multi-dollar scam, misappropriation of assets, negative media around the brand etc, -what often doesn’t get mentioned is the cost of firing such an executive. Giving a ‘golden parachute’ to a leader who did harm by an organisation hits where it hurts the most. A leading American airline paid $36.8 million to a defaulter CEO and President whereas the former CEO and Chairman of a leading media company got richer by $40 million given as severance despite allegations of sexual harassment.
For a fraction of the cost, AuthLead™delivers an exhaustive verification of top hires so that signs of troublesome professional and personal history don’t go unnoticed.With AuthLead™, leaders not only get a chance to safeguard brand and company financials from vulnerabilities but can also set a cornerstone for workable compliance and governance, policies, practices and procedures through a holistic screening.
