Hi all,
I am very glad to have received various pieces of information on this topic. Regarding the previous employer verification point:
1) I agree with the bank statement of the last 2 or 3 months.
2) I agree with the payslips of the companies (There are cases where our people are smart enough to manipulate the payslips; those cases are exempted).
3) Background verification can be done directly or through third-party verification agencies. If the particular employee is very close to the HR person, there are a few HR persons who will support the employee due to their mutual understanding. If the HR person is genuine, it can be accepted.
4) Income Tax Return (ITR) or Form 16. I hope this won't help find the recent salary. This will help determine the salary received for the entire year. If the employee received increments a few months ago, how can we find out the recent salary from that?
Cheers,
Jeeva
From India, Bangalore
Acknowledge(0)
Amend(0)
653I am very glad to have received various pieces of information on this topic. Regarding the previous employer verification point:
1) I agree with the bank statement of the last 2 or 3 months.
2) I agree with the payslips of the companies (There are cases where our people are smart enough to manipulate the payslips; those cases are exempted).
3) Background verification can be done directly or through third-party verification agencies. If the particular employee is very close to the HR person, there are a few HR persons who will support the employee due to their mutual understanding. If the HR person is genuine, it can be accepted.
4) Income Tax Return (ITR) or Form 16. I hope this won't help find the recent salary. This will help determine the salary received for the entire year. If the employee received increments a few months ago, how can we find out the recent salary from that?
Cheers,
Jeeva
From India, Bangalore
Acknowledge(0)Amend(0)
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 professional knows 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 company talks 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 the Presiding Officer of a Judicial court to put the company under oath for that.
Warm regards.
From India, Delhi
Acknowledge(0)Amend(0)
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 professional knows 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 company talks 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 the Presiding Officer of a Judicial court to put the company under oath for that.
Warm regards.
From India, Delhi
Acknowledge(0)Amend(0)
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 and 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 should give.
Vasant Nair
From India, Mumbai
Acknowledge(0)Amend(0)
Recently, we had one "Personal Manager" with over 5 years of experience wanting to know how to resign and what notice period he should give.
Vasant Nair
From India, Mumbai
Acknowledge(0)Amend(0)
Hi All,
When it comes to verifying a candidate's previous company's salary, past employment verification is the 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 rely on to verify your candidates' previous salaries. In addition to the last withdrawn salary, this tool validates a candidate's work experience, the 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, ensuring you receive accurate reports. Moreover, being an online solution, it saves your time, money, and resources.
Here is the link: www.verifiedresources.com
Thanks,
Meesha
From India, Chandigarh
Acknowledge(0)Amend(0)
When it comes to verifying a candidate's previous company's salary, past employment verification is the 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 rely on to verify your candidates' previous salaries. In addition to the last withdrawn salary, this tool validates a candidate's work experience, the 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, ensuring you receive accurate reports. Moreover, being an online solution, it saves your time, money, and resources.
Here is the link: www.verifiedresources.com
Thanks,
Meesha
From India, Chandigarh
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.