Background Verification

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It is an investigation or research done by the company on a prospective employee or a company to be bought by the interested party. A casual due diligence is done when hiring an employee such as verifying their qualification or demanding a recommendation letter from their former company.

But when a company is going for a merger, investment or acquisition in a new business then, a third party is hired to do an audit on the prospect to weigh the possibility of a profit or loss.

Due diligence helps companies to avoid making mistakes and improve on their decision-making.

Also Read: What you need to see during Background Check

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Sukriti Saini

Sukriti Saini works as a content marketing strategist at HROne. She has done Bachelors in Journalism from Delhi University and carries several years of experience in content development. HR trends, Productivity, Performance and topics related to Employee Engagement garner most of her writing interest here. During leisure, she loves to write and talk about fashion, food & life.

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