Hi All
I am very much glad to get the various informations on this topic.
On coming to previous employer verification point.
1) I agree with Bank statement of last 2 or 3 months.
2) I agree with Payslips of the companies (There are chances where in our people are smart enough to manipulate the payslips) those cases are exempted.
3) Background verification directly or from third party verification agencies ( If the particular employee is very close to the HR person then there are few HR person who will support the employee by their mutual understanding) If the HR is genuine person so it can be accepted.
4) ITR or Form 16. I hope this won't match to find the recent salary. This will help to find the salary that he got for the entire year. If the employee would have got the increments in last few months back how can we find out the recent salary from that?
Cheerz
Jeeva
From India, Bangalore
604I am very much glad to get the various informations on this topic.
On coming to previous employer verification point.
1) I agree with Bank statement of last 2 or 3 months.
2) I agree with Payslips of the companies (There are chances where in our people are smart enough to manipulate the payslips) those cases are exempted.
3) Background verification directly or from third party verification agencies ( If the particular employee is very close to the HR person then there are few HR person who will support the employee by their mutual understanding) If the HR is genuine person so it can be accepted.
4) ITR or Form 16. I hope this won't match to find the recent salary. This will help to find the salary that he got for the entire year. If the employee would have got the increments in last few months back how can we find out the recent salary from that?
Cheerz
Jeeva
From India, Bangalore
Dear narva_prashanth and friends,
Thanks for your response to my earlier posts on this topic.
When you say the poster wants to know "how" and not "why"; do you mean to say that this activity of verifying salary, has no 'purpose' ??
Dear friend, instead of answering queries, I prefer to give solutions. Would you prefer to go to a doctor who only treats your symptoms, without going into the cause of it ??
Every experienced HR professionals know that one can 'verify' it from salary slips, bank statements etc. - (which can be forged). So what is the big deal in it ?
In a thread in CiteHR, someone suggested to call their wives masquerading as bank officials willing to give soft loans etc.
Well, if you have that kind of time in your hand, you can keep playing the Private Dick games.
Moreover, by these means, you can only verify the cash component.
These days, every companies talk about CTC, which comprises a basket of perks. How can you verify the perks which can be of more than 100 types ?
Perhaps, you can; as you sound so confident. Please share your expertise and educate us.
Moreover, many companies pay part salary through vouchers (of expense reimbursements), which give them the benefit of tax savings by making them genuine business expenses.
Another problem, is part payment in "black". If a prospective employee claims he is getting 20% through this route, how would you verify it ?
I doubt, any company would disclose it to you, just by asking.
Dear Prashanth, I trust you need to be Presiding Officer of a Judicial court to put the company under oath for that.
Warm regards.
From India, Delhi
Thanks for your response to my earlier posts on this topic.
When you say the poster wants to know "how" and not "why"; do you mean to say that this activity of verifying salary, has no 'purpose' ??
Dear friend, instead of answering queries, I prefer to give solutions. Would you prefer to go to a doctor who only treats your symptoms, without going into the cause of it ??
Every experienced HR professionals know that one can 'verify' it from salary slips, bank statements etc. - (which can be forged). So what is the big deal in it ?
In a thread in CiteHR, someone suggested to call their wives masquerading as bank officials willing to give soft loans etc.
Well, if you have that kind of time in your hand, you can keep playing the Private Dick games.
Moreover, by these means, you can only verify the cash component.
These days, every companies talk about CTC, which comprises a basket of perks. How can you verify the perks which can be of more than 100 types ?
Perhaps, you can; as you sound so confident. Please share your expertise and educate us.
Moreover, many companies pay part salary through vouchers (of expense reimbursements), which give them the benefit of tax savings by making them genuine business expenses.
Another problem, is part payment in "black". If a prospective employee claims he is getting 20% through this route, how would you verify it ?
I doubt, any company would disclose it to you, just by asking.
Dear Prashanth, I trust you need to be Presiding Officer of a Judicial court to put the company under oath for that.
Warm regards.
From India, Delhi
I still feel we should answer queries within the perspective of what has been asked. Solutions are fine, but then the poor HR fellow has to work and operate within the organizational culture.
We cannot Cut & Paste HR practices of other Companies.
Recently we had one "Personal Manager" with over 5 years of experience wanting to know how to resign and what notice period he hould give?
Vasant Nair
From India, Mumbai
We cannot Cut & Paste HR practices of other Companies.
Recently we had one "Personal Manager" with over 5 years of experience wanting to know how to resign and what notice period he hould give?
Vasant Nair
From India, Mumbai
Hi All,
When it comes to verifying previous company's salary of a candidate, past employment verification makes a perfect option. It is a process wherein a candidate's past employment details, including his/her salary history can be verified.
There is an online platform called Verified Resources that you can count on to verify your candidates' previous salary. In addition to last withdrawn salary, this tool validates work experience of a candidate along with status of exit formalities and whether the notice period was served or not.
The information provided by your potential employees is verified by their former employers so you can be sure of receiving accurate reports. Moreover, being an online solution it saves your time, money, and resources.
Here is the link : www (dot) verified resources (dot) com
Thanks
Meesha
From India, Chandigarh
When it comes to verifying previous company's salary of a candidate, past employment verification makes a perfect option. It is a process wherein a candidate's past employment details, including his/her salary history can be verified.
There is an online platform called Verified Resources that you can count on to verify your candidates' previous salary. In addition to last withdrawn salary, this tool validates work experience of a candidate along with status of exit formalities and whether the notice period was served or not.
The information provided by your potential employees is verified by their former employers so you can be sure of receiving accurate reports. Moreover, being an online solution it saves your time, money, and resources.
Here is the link : www (dot) verified resources (dot) com
Thanks
Meesha
From India, Chandigarh
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