Industrial Sectors

Ind. / Heavy Ind. / Steel

The industrial sector is the core of any economy especially the ones engaged in manufacturing, machinery, equipments, electrical and metal products etc. Such sector is always exposed to multifacet challenges at national and global level be it regulations, norms, technological advancements, operating challenges etc. The pressure as well as opportunity in such sector is enormous to make an individual lure into indulging in malpractices. To ensure that prospective candidate is right fit and apt for organizational mission advancement, an employee check definitely helps to mitigate the exposure to such risk.

FMCG

Fast-moving consumer goods (FMCG) sector is India’s fourth-largest sector of economy. Demand drivers such as favorable demographics, increased income, more spending rate, growing urbanization has aided this industry to grow at an unprecedented rate, making it a most attractive sector of investment for local and foreign companies.

Despite above said, the employees of this sector directly build the brand of company. However, this flip side of the coin is that it is the sector witnessing highest number of frauds and misrepresentation of information contested by its employees. Hence, a BGV check is quintessential and most relevant in FMCG sector.

Paper /Packaging

The Paper and Paperboard in India are expected to grow at a CAGR of 5.5% during the forecast period of 2021-2026. The COVID—19 period proved to be a boon to this sector due to increased volume of online orders and restricted physical movement of people. To cater the increasing employment demands, companies are hiring at an much accelerated rate without much employee checks making it vulnerable to frauds and dishonesty at employee end.

Exemplar Global Resources Pvt. Ltd. is the best inexpensive solution to all big and small firms to check employee ability to perform and also validate the credentials of potential hires.

Pharma & Chemicals

India’s pharma and chemical industry is extremely diversified and is globally the fourth largest producer of agrochemicals. Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the US and 25% of all medicine in the UK. Globally, India ranks 3rd in terms of pharmaceutical production by volume and 14th by value. The domestic pharmaceutical industry includes a network of 3,000 drug companies and 10,500 manufacturing units.

The sector includes duties of high responsibility, diligence and utmost care. Hence, the nature of work in this sector entails conducting of BGV check for employees a necessary action by any employer.

IT / ITes

The sector responsible for bringing in the ‘Transformation of an Era’ is IT/ITes. India has come out on top with the highest proportion of digital talent in the country at 76 per cent compared to the global average of 56 per cent!. Due to recent pandemic, this sector has seen growth tremendously due to entire working being remote from office to education.

The darker side of the sector also empowers its employees to be an expert to all sorts of cyber crimes and frauds. Conducting an employee verification can definitely yield results to make much informed and cautious hiring decision.

Automobile

In 2020, India was the fifth-largest auto market, with 3.49 million units combined sold in the passenger and commercial vehicles categories. It was the seventh largest manufacturer of commercial vehicles in 2019. We are growing at a phenomenal pace with favorable government policies and initiatives.

The automobile industry is supported by various factors such as availability of skilled labour at low cost, robust R&D centres, and low-cost steel production. Hiring is one thing and hiring effectively a trust worthy potential candidate is another. Exemplar Global Resources Pvt. Ltd. offers one of the most cost effective and user friendly employee verification solutions for all positions.

Travel / Lifestyle

This sector has emerged has as one of the most contributing service sector of Indian economy. In FY20, tourism sector in India accounted for 39 million jobs, which was 8.0% of the total employment in the country. By 2029, it is expected to account for about 53 million jobs.

While the employment is rapidly growing in the industry and so is the need to conduct employee check to ensure the hiring is done appropriate.

Telecom

Currently India is the world’s second-largest telecommunications market with a subscriber base of 1.16 billion and growing substantially. The liberal and reformist policies of the Government of India have played a major role in increasing demand base and ensuring growth in telecom sector. Due to Covid-19, Internet usage has also grown manifold giving a much faster growth pace to industry.

Quick hand employee verification can help recruiters in knowing their candidates and hitting right recruitment button. The harms of any bad hire can be avoided at the very initial stage through our BGV services.

BPO / KPO

The favorable factors such as economies of scale, business risk mitigation, cost advantage, better utilization, apt competency etc have led to growth of this sector in India. Research by the National Association of Software Services and Companies (NASSCOM) has revealed that quality orientation among leading BPO companies, 24X7 services, India's unique geographic location and the investor friendly tax structure in India have helped to accelerate the growth of this sector in last few years.

This sector has opened enormous job opportunities for Indian youth especially. However, as an employer, it is required to be cautious while employing team to avoid any potential problems a person could bring to the workplace due to any personal or prior professional reason.

E-Commerce

E-commerce has given new face to Indian commercial sector. The growth in this sector is resultant of increased internet and smart phone usage. Many online shopping portals have started operations since last decades, except few very prominent players. From furniture, to clothes, to grocery even plants, one can have anything available at doorsteps easily.

As a business owner or stakeholder involved in e-commerce industry, one has to be diligent while recruiting any candidates. In order to check the parity of job requirement and candidate skill set, a BGV check can play very important and fruitful role.

Hospitality

India’s rich cultural and historical heritage has always attracted tourists from all over the world. While earlier, the key players were present in our major cities but now in the last decade many key players have opened chains in different parts of country. According to WTTC, India ranked 10th among 185 countries in terms of travel & tourism’s total contribution to GDP in 2019.

From Concierge, Event Planner, Head Chef, Housekeeper to General Manager, the industry is full of job titles at each grade of pyramid. Since the industry requires team with high moral standards and best personal skills, an apt employee check as per job requirement can help to fill in positions in a better and effective way. On the other hand, a bad hire can easily tarnish the reputation of even high brand with a very meager mistake. So be cautious and hire right.

Health

The sector whose role has been most critical during the existing pandemic is Health sector. Health insurance sector has also gained momentum in the last few years. The country had 393 Ayurveda and 221 homeopathy Government recognized colleges. The hospital industry size is estimated to touch US$ 372 billion by 2022.

Provided the nature of job in the sector, the employee (be it doctor or caretaker) has to be well trained, honest with high standards of integrity paying attention to each detail. Since the traits are so crucial, an employee check is also must before ceasing hiring decision.

Banking & Finance

India’s banking & financial sector is undergoing a vast expansion with emergence of numerous financial sector services and new entities in market. We also cannot forget that most scams or frauds can easily happen in this sector since it is directly related to monetary flow.

The recruitment decision in this sector is always taken with utmost care and diligence. Various employee checks at different stages, both pre and post employment are undertaken by the employers to ensure that right candidate is hired, thereby mitigating any future loss / fraudulent dealings.

Infra/ Real Estate

As rightly said, the growth of this sector goes hand in hand with the growth of corporate environment. The construction industry ranks third among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy. In India, the real estate sector is the second-highest employment generator, after the agriculture sector.

Since most of the projects under this sector are outsourced, so one must be double sure of his/her employees before engaging them in client’s premises. Be sure and avoid negligent hiring unless you are willing to put your business relationship & your company’s reputation at jeopardy.