Fake Resume Costs Startup Rs 2 Lakh, Mandates Background Checks

• A startup lost over Rs 2 lakh and four months of productivity due to hiring a candidate with a falsified resume.
• Ashutosh Gupta of Praper Media shared the incident, highlighting the cost of not conducting background checks.
• The candidate claimed 3 years of experience and Rs 40,000 salary, but verification revealed discrepancies in experience, salary, and reason for leaving previous job.
• The financial impact included Rs 1.35 lakh in salary, Rs 40,000 in training, and Rs 25,000 for a replacement, plus indirect losses.
• Praper Media now mandates thorough background verification for all hires, including HR and manager checks, LinkedIn cross-verification, and salary slip verification.