'Stand Out' in the Eyes of your Prospective Employers for the Right Reason
Sincere dependable employees are an employer’s dream.
If credibly identified, most employers would gladly pay a premium (higher salary) to hire and retain such employees
Unfortunately, it is impossible for the employers to make this determination at the time of recruitment.
Nothing that you can say or do will convince the employers of your sincere intentions
Verimployee is designed to resolve this problem of credibly communicating your sincerity and trustworthiness to prospective employers
How does Verimployee identify sincere employees?
Verimployee records the promises/commitments that the employees and employers make to each other and whether they are honored.
This information is available to future prospective employers with the employee’s explicit consent.
By its very nature, only well-intentioned sincere employees will be willing to interact with their prospective employers through Verimployee
Verimployee makes you to stand out in the eyes of prospective employers
Willingness to register and formalize your promises/commitments to employers on Verimployee platform creates a powerful credibility signal to the employer about your sincerity and trustworthiness.
Your ‘record of kept promises’ on Verimployee will be akin to a ‘good credit score’ and will be your strongest credibility signal to your future prospective employers
Credibly Identify and Hire Sincere Employees
Mushrooming of job-portals in the past decade has created new problems in recruitment
It has dramatically increased ‘job-options’ for employees and made it ridiculously easy to apply for multiple jobs.
This has encouraged irresponsible often unethical behavior including not keeping their promises to each other.
Most job-seekers don’t even read the JD properly before applying for job, leaving it to the company’s HR to determine if the candidate’s CV matches the job description.
It is common for the job-applicants to not show up for scheduled job interviews, not report for work after accepting a job-offer or leave shortly after joining.
Recruiting and retaining high quality employees is becoming increasingly painful and almost impossible
The dramatically reduced tenure of average employee makes is cost-inefficient to invest in their upskilling or reskilling
The consequent loss of productivity and lower operational efficiency, and the inordinately high cost of recruiting has a huge negative economic impact.
Verimployee is the ‘Next-Generation’ job-portal
It is designed specifically to overcome above-mentioned limitations of existing job-portals
It does so by bringing accountability into the interactions between the job-seekers and the employers.
It matches employers with only seriously interested and sincere job-applicants who will desist from frivolous behavior
At the same time Verimployee makes them accountable for their behavior on this platform
It largely weeds out insincere individuals who would not like their truant behavior to be recorded and shared with future prospective employers
By incentive modulation, it ensures that only candidates who meet the skills/qualification/attributes listed by the employe apply for the job.
Its interview module strongly dissuades No-show for interviews
It dramatically reduces Employee No-show after job-offer acceptance, early attrition and leaving without adequate notice by recording these
VeriPromise, our equivalent of ‘legal bond period’ has zero-enforcement cost and is more effective.
Employers who want to upskill or reskill their employees can benefit immensely with use of VeriPromise
We realize that several previous attempts to bring accountability in recruiting have been unsuccessful
They included the high profile NASSCOM Skills Registry (NSR), which based on microeconomics was destined to fail and it did
In addition, the reasons for failure included
Their anticipated benefit for the companies was in the future and not right away
They significantly increased work for the HR personnel
They required companies to share information about their employees/recruits making them vulnerable to abuse of this information by their competitors, and
They could not resolve the legal issues related to sharing employee information with third parties.
With its highly disruptive design, Verimployee
Successfully overcomes the above-mentioned challenges
It dramatically reduces the work for HR personnel and obviate several of their unpleasant tasks.
It does not require sharing of any confidential information about your employees with us.
Even in the unlikely event that our servers are hacked, we store no information that will be of any use to your competitors.
The benefits of Verimployee for the employers are accrued right away and not in future (as was the case with NSR and previous other similar products)
How it works?
Improving behaviour by
restoring accountability and
Since times immemorial, the behavior of individuals has been influenced by
“What will happen if Others find out about it”
In smaller communities, Individuals tend to keep their promises
because the long-term consequences of breaking them usually outweigh the benefits.
Those who don’t keep promises acquire a reputation for being ‘untrustworthy’ with loss of social and economic opportunities.
The ‘reputation’ in small communities is enabled by the information stored in ‘collective memory’ of members of the society
Lately, reputation as a social accountability mechanism has progressively become ineffective because
Communities have become dramatically larger
So the amount of information about individuals that needs to be stored has increased logarithmically and beyond the capacity of human brains
Information does not travel freely due to
Most information travels by one-way channels (despite the social media platforms)
Increasing tendency to confidentiality and secrecy
Discussing about other people’s lives is frowned upon nowadays and therefore most people tend to ‘mind their own business’
Verimployee platform can restore accountability between employers and employees
It effectively supplants ‘collective societal memory’
by collecting and recording factual information of interactions between employees and employers as it happens on Verimployee platform and making it accessible to future prospective employers
It effectively changes the ‘cost’ of not keeping their promises for both the employees and the employers, thereby incentivizing them to honor their promises
Verimployee will change employee behavior right away
there is no adoption level threshold for it to become effective
It does not require collection of data for few years to be effective
The fear of the consequences of others finding out about them not keeping their promise serves as a strong deterrent and is effective right-away in improving behavior even for the first company that uses it.
In a real-life pilot in TransOrg Analytics,
Use of Verimployee reduced their No-Show rate of recruits from >80% to <20% within 4-5 months.
In addition, they noticed zero short-term attrition (employees leaving <3 months after joining) and progressive improvement in quality of their recruits
This was a strong validation of our concept and Verimployee’s efficacy
Verimployee platform has a sound scientific basis
It is designed to promote behavioral change by “incentive-modification” based on principles of Game-Theory, Micro-Economics and Behavioral Economics
It Convert ‘one-time or finite game’ of employee-employer interaction(s) into a ‘Infinite Supergame’ to completely change the incentives of both employees and employers
It uses “choice-architecture” to help employees make the “right” decisions in their interactions with employers
VeriPromise: The Honorable way of Ensuring Commitments
In a landmark judgement, the Supreme Court ruled that
“Legally enforceable Bond-Periods” are illegal in India and
That the employers could only claim the cost of training the employee and not the bond amount.
Consequently, investing in skilling new recruits or upskilling employees became a risky proposition
since most of them left soon after training to join other companies for higher salary.
the industry shifted from hiring for talent and aptitude to hiring for the skills the applicant already possessed.
Due to inability to continually upskill their employees,
Indian IT companies got stuck on the lower end of the value chain and
most Indian IT employees got stuck performing low end work.
This was a lose-lose situation for both the employers and employees
VeriPromise, our bond-period alternative
is a ‘promise’ between an employee and an employer that is registered on Verimployee platform along with mutually agreed terms – commitment period and the release amount.
We have means to verify if the promised was honored to mutual satisfaction and record this information
This information is available to future employers with explicit consent of the employee.
VeriPromise is an honorable way of ensuring that employees fulfill their commitments
A major strength of VeriPromise is its zero-enforcement cost
Unlike the legal bond-period, you don’t have to go to court to enforce VeriPromise
Yet because of its design, VeriPromise is likely to be far more effective.
VeriPromise can make it financially feasible once again for your company
to invest in upskilling/reskilling of your existing employees
without the fear of losing most of them to other companies soon after getting trained.
VeriPromise can also used be at the time of recruitment
You have the option to ask for time commitment from the applicants at the time of posting the job
You also have the option of not requiring a time commitment
You chose the duration of time commitment required and the release amount
The applicant knows upfront that there is a time commitment required and the release amount when he applies for your job-post
Only those applicants who are OK with the terms of commitment apply for the job
The VeriPromise commitment gets finalized at the time of acceptance of job-offer on Verimployee
VeriEngage: Continually updates Applicants about their application status
For More Satisfying Employee-Employer Engagements
A common complaint of the job-applicants with the company HR/Talent acquisition teams is the lack of
Acknowledgement of their application
Information about their application status after applying for a job
The HR/TA personnel acknowledge this problem but are still unable to keep the applicants continually informed because
The HR/TA teams are already overworked and under time pressure to recruit for their company’s personnel needs
Of the large number of applicants for any job-post nowadays
A large number of applicants are non-serious and have not even bothered to read the JD to see if their qualifications meet the job-requirements
Regardless of the real and logical reasons why HR is unable to continually update the applicants, it does create
Lack of trust and mutual respect between the job-applicants and the HR/TA teams
Resentment on the part of applicants who then “want to get even” by misbehaving themselves
VeriEngage can help resolve this problem by automating this communication about the application status.
It provides a dashboard for the job-applicants where they can view the progress of their application status
It also sends email notifications to applicants for important changes in application status
The following ‘status’ are displayed on the job-applicant’s dashboard
It generates email notifications to job-applicants
On receipt of application
When their application is rejected
When their application is shortlisted for interview
The email notifications can be switched off if the HR so desires
Information is collected prospectively, and on our platform
The information on our system is collected prospectively (going forward). It is based on events that are
recorded and verified on our platform and not collected from external data sources or from third party
archived data. As a result, it is highly accurate
We only monitor the verifiable data and verify it
We record only verifiable and objective data about the employee-employer interactions. Consequently, our
data about an individual employee is precise and unambiguous
Data is verified by both the employee and the employer
Every event recorded in our system is verified by both the employee and the employer. In case of any dispute
both the employee and the employer have a chance to enter their remarks into the system, which will be
available for future reference
No confidential data from employers is requested or collected
We do not collect or monitor any information that is confidential or is proprietary information about the
employer’s HR policies or strategy
Information is shared only on need-to-know basis and with the explicit consent of the employee
Employee information is shared with the employer with whom the employee has applied for a job and only after
obtaining explicit consent from that employee. The individual employee also gets to preview the information
that is being shared before consenting to share. The employee has a right to refuse to share his/her information
with the requesting employer
There will be zero-enforcement cost to ensure (or improve) compliance
Formalizing an agreement on stamp paper in the form of an affidavit, does allow the aggrieved party to appeal
in the court of law. However enforcement through court system is prolonged and expensive process, and the
employer risks appearing to be bullying the “hapless” employees
In contrast, Verimployee due to its very nature will have zero-enforcement cost (no money or time required),
the employer stays the “wronged” party without risking "sympathy" for errant employees. These factors would
significantly increase the likelihood that both parties would keep their promises
Verimployee will change employee behavior right away (without the need for the critical amount of employee
The awareness amongst the employees and the employers that their promises to each other and whether they
honored them, are being archived on Verimployee creates strong incentives for them to behave responsibly
right away and going forward
This platform does not have to reach a critical size to become effective
Even though the value of Verimployee platform will increase as more and more companies join in, it does not
have to reach a critical volume to become effective. Just a real possibility that Verimployee will have
widespread acceptance someday will deter new recruits from behaving irresponsibly
Companies who start using Verimployee early will derive a competitive advantage in their industry
Verimployee has been designed to create an incentive structure which intuitively provides early users of
Verimployee with significant competitive advantage in their industry by improving the quality of their
recruits, higher certainty of recruits reporting for work and reduced recruitment costs
Our Commitment to you
This platform will always be transparent, objective and non-partisan
The information in our system will be completely accurate, up-to-date
It will be prospectively collected and will be verified by both the employers and the
at every stage
While designing Verimployee platform, our biggest concern and the driving philosophy was to ensure that other companies should not be able to access and misuse your employee data
We don’t and never will ask you to share any information about your employees/recruits that is of value to your competitors
The information collected by us on Verimployee about your interactions with your recruit/employee will not become part of a that person’s profile as long as they are employed with you (and therefore not accessible to anyone who is not authorized by your company)
We guarantee that we will never ever sell access to our database of job-applicants to employers/recruiters the way it is done by existing job-portals
Employees will always have access to what others can learn about them from this web-platform
Both the employees and the employers will always get a chance to provide their input and request correction of any discrepancies
We will obtain explicit consent from the employee/applicant before sharing their information with employers
We will spare no effort to ensure the integrity of our processes
Our system is designed to double check every event and fact, to prevent manipulation
Anyone found manipulating will risk being blacklisted
We have means to ensure that all employers and employees will obey the honor code while using this shared resource
We realize the data we generate is sensitive and valuable. We commit that
Information on Verimployee will not be shared with any third party
The control of Verimployee will not be transferred or sold to any other company
We will have highest levels of security to protect data
Our Mission Statement
To promote honest and ethical recruiting practices based on sincere behavior
We will record and keep track of whether individuals or companies keep their mutually agreed commitments. This
information will be made available to future business associates with the explicit consent of the individual
To restore accountability and professionalism in interactions between the employers and the employees