your password has been reset successfully, Please login again.

Use Block Chain To Find The Right Employee For Your Company

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.
BY Jaspreet Kaur
Feature Writer, BusinessEx
Jan 31,2019

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.

Please add your Comment
SIMILAR Articles
February 12, 2019
Plainly trusting on the success rate of the stocks and betting your hard-earned money into plans can ...More
By Jaspreet Kaur
February 11, 2019
Ascertaining a good business idea is not difficult nowadays, the surging economy easily renders new ...More
By Jaspreet Kaur
February 09, 2019
Oodles of hard work and knowledge need to be imbibed to become a good businessman ...More
By Jaspreet Kaur
February 08, 2019
Success is not only relatable to startups; it can be achieved by acquisition of failed ventures also ...More
By Jaspreet Kaur
February 07, 2019
One can earn good revenue from waste management business besides creating positive impacts in the so ...More
By Jaspreet Kaur
February 05, 2019
Regulating the waste is a jostling task for the regime, so it's time for young millennials to become ...More
By Jaspreet Kaur
February 04, 2019
An entertainment centre business directly deals with chunks of masses and thus, promotion precipitat ...More
By Jaspreet Kaur
January 31, 2019
To find the root cause, employers need to dive deeper into the problem and the results were totally ...More
By Jaspreet Kaur
January 30, 2019
Hiring a software company for the work is like employing the candidates in the company ...More
By Jaspreet Kaur
January 30, 2019
A good entrepreneur should be organized and capricious; also, he should possess a bring-it-on attitu ...More
By Jaspreet Kaur
January 29, 2019
Managing the customer base is significant for the company as customers are the main source of revenu ...More
By Jaspreet Kaur
January 28, 2019
Creating the team does not automatically engender positive results, you need to act as an engine and ...More
By Jaspreet Kaur