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Real-time E-KYC for Remote Hiring

Remote Hiring

The Globalization of the world has brought on many changes in the social structures of the world, making it difficult to differentiate real identities from the fake ones. The high-end tech that is being used to create new, fake identities, need automated, digitized ID verification systems as well. Not that long ago, tasks that required traveling miles away from one’s hometown are now achieved with a single click. From days to travel from one part of the world to another, to covering that distance in an hour; from waiting weeks to receive a response to a letter, to getting it within a few seconds; from traveling long distances to get to work, to working from home; the convenience level has risen for people wishing to achieve big things, without having the means or the time to do so. With all these advancements happening in every sphere of the world, everyone is benefitting ranging from legit enterprises and organizations to fraudsters and scammers.

What is Remote Hiring?

With the establishment of businesses online, the stream of qualification and hiring requirements have shifted focus from manual labor to a more research intensive and technology-driven nature. Now, when it comes to hiring employees, many companies prefer the remote hiring process. This has enabled organizations that are operating digitally to have employees dispersed in different parts of the world, functioning completely online.

All employee hiring for these companies occurs remotely, possibly through Skype or telephone calls. Naturally, the complete recruitment process is also digital, entailing that the selected candidates provide their personal and vocational information online. Now, these companies need a safe and secure way to ensure that the candidates have not provided any false information, they really are who they say they are and the documents they submitted are true. Remote Hiring process involves electronic transfer of relevant educational and other documentation, followed by on-call interviews and then, notification of final selection. In a number of cases, the employees are required to work from home, dedicating a set few hours of their time to the job.

Time tracking softwares are used, generally, to keep a track of employees’ task completion and productivity analysis. A number of businesses even allow their workers to work on their own time; meaning, flexible hours. They are required to dedicate a fixed number of hours to the job each day, regardless of when and how they do that. This largely depends on the nature of the job as well. If the work doesn’t require much teamwork, and the employee is able to work independently without any need for consultation with the rest of the team, then they are always free to work on their own time. It is like freelancing in most ways, but not really the same.

Who does it?

There are many people who are looking to get hired remotely and work from the comfort of their homes, on their own time. It is especially perfect for those who are unable to travel or wish to juggle a number of jobs at once, on their own time, like students or fresh graduates looking to gain more experience in a less amount of time. Remote work is majorly popular with individuals who feel like they cannot stick to a routine for an extended period of time or work in a team or even travel to work every day. These are people who work on their own terms, in their own time, informally termed as “Freelance Nomads”.

Remote Hiring is opted by many freelance platforms, online businesses and companies that are spread around the world in various factions. These organizations usually benefit from the remote employees since they are paid less as compared to the ones that are required to work in-house. Furthermore, in a lower budget, they can hire a larger number of employees, getting more work done, much faster. Remote employees offer more value in less cost, which is a prime benefit for startups, growing organizations and even subsidiary companies of large enterprises.

What’s the Harm?

Things are not always rosy with the remote hiring processes. Here are a few issues that may arise:

  1. Remote Locations

Since the prospective employees are dispersed in different parts of the world, the employers may never know their true identity.

  1. Forged Documents

They may appear to be authentic on a phone call, but in reality, they may be presenting counterfeit documents or a fake identity. Along with fake papers, they may be imposters, stealing someone else’s identity to get paid and dupe the company in the process.

  1. Security Breaches

Fake workers may be a cause of the security breach in the company. Once in the system, it is a piece of cake for the professional scammers to access the company’s sensitive information and use it against them. They may even gain access to the financial accounts and get away with laundering money worth billions of dollars.

  1. Financial and Reputational Losses

Companies have had to suffer financial and reputational losses once the workers get away with scamming them with stolen identity information, money laundering via company’s accounts, and failure to deliver quality work (or any at all) while asking for payment in advance.

  1. Weird Payment Methods

Furthermore, they may ask for unconventional (e.g. no trails) payment methods like cash. Once payment is made on their terms, they may get away with the company’s money, without leaving any trail behind.

How does Shufti Pro help?

Shufti Pro’s state of the art KYC and AML solution allows businesses and enterprises to verify their remote employees within 30 to 60 seconds. With a perfect blend of artificial and human intelligence, employers can authenticate the remote workers using real-time video verification feature for facial and document checks. This helps prevent spoof attacks and ensures that the documents submitted are not forged. Remote employees are also screened against PEPs, Sanctions Lists and Watch Lists to ensure that they aren’t on any lists.

Shufti Pro makes sure that a company’s employee-base is secure, acting as a guardian at the door, keeping scammers out.

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