An entrepreneur needs to synchronize along with workforce to smoothly run a company. The workforce not only upholds the company but also acts as its conveyer in the outside world. As a result, workforce or employees play a crucial role in building relationships with customers. Guiding the employees in the projects and business meets dont yield significant results. It is mainly their behaviour, passion and expertise which are essentials to assess their performance. While hiring the candidates for the position, it is imperative to examine their potential in all aspects, including the backdrop.
Why Is Doing A Background Check Important?
Reckoning the candidates completely is not fair; an employer should consider crosschecking his background so as to ascertain whether the claims that have been made are true. A survey states that 85 per cent HR professionals find fake information in the CVs, which arises critical challenges for entrepreneurs.
The background check mainly comprises the following challenges:
Consumption Of Abundant Time
The background screening process is invariably lengthy and critical for HR professionals. The HR professionals have to devote hours and sometimes, even days to accurately check the details shared by the candidate. The discrepancy can be only sought after scrutinizing the CVs as well as Interview forms deets.
Problems In Checking With Previous Employers
Sometimes, HR professionals could not reach past employers easily which, in turn, extends turnaround time. Suppose, if the previous organization, wherein candidates have worked, closes down then it becomes difficult to check the background.
Difficulty In Tracing The Data
In essence, entrepreneurs or HR professionals need to contact third-party system, as well as verification agencies, to verify a candidates data. Mostly, data is managed by numerous companies at the same time which slows down the verification process and thus, responses are received very late.
Blockchain- A Solution To Quicken Background Check Process
With the emergence of Blockchain, it has become easier to crosscheck candidates profiles. Earlier on, HR professionals need to face a lot of problems while doing so. Now, professionals can do this by adding deets of candidates in the server.
First of all, the professionals have to select a server such as Node.Js server and then, education qualifications and work experience details. Following this, universities and the past organizations receive the information and thus, verify the documents sooner. Lastly, the verified documents get saved on IPFS.
Use Of Storing Documents In IPFS
In essence, IPFS means Interplanetary File System. This file system retains files as well as track versions steadily. Owing to the similarity in blockchain and IPFS, the conglomeration is precise for the use.
How Does Blockchain Help In A Background Check?
Verifying the documents from different agencies require huge costs. In addition, candidates need to authenticate their degrees after job changes which consume time. If the candidates details are saved in blockchain then HR professionals can easily check authenticated details. This process will reduce costs and save time.
Another advantage of using Blockchain is that the platform cannot tamper. The documents in this platform remain secured and authenticated. Everything in this process is automated and thus, requires lesser efforts.
Considering these advantages, Blockchain is notably good for recruitment arena. Nonetheless, some factors avert its use namely, transaction costs, intricacy and network speed. These costs are lesser than the verification costs that the companies need to pay out. So, the companies should examine both the scenarios and reflect on how Blockchain decrements companies expenses.