Rising Discrepancies in Employment Verification: A Sectoral Overview

Employment verification discrepancies have seen a significant increase across major sectors, driven by rigorous background checks implemented by companies. AuthBridge's Annual Trends Report 2024 highlights sector-specific insights, with the telecom sector experiencing the highest discrepancy rate at 18.2%. The BFSI and pharma sectors also face notable challenges in verification processes.

A recent report reveals a significant increase in employment verification discrepancies as companies enforce more thorough background checks. The Annual Trends Report 2024 by AuthBridge indicates a growing demand for stringent verification to ensure trust and transparency in hiring.

The report shows a 44% increase in discrepancies across six sectors, with the telecom industry notably encountering an 18.2% discrepancy rate. The BFSI sector also faces challenges, with a 10.4% rise in incorrect credentials amid growing fraud risks.

The analysis underscores a need for robust digital-verification solutions, as industries, including pharmaceutical and IT, strive to combat issues related to falsified qualifications, aiming to maintain workforce integrity in an increasingly complex environment.

(With inputs from agencies.)