April



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April 21, 2015
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Corporate Frauds In India On The Rise

"Lack of strong internal audit mechanism along with over-riding powers of top management have resulted in corporate frauds in India. The corporate frauds have risen over 45% in the last two years. According to a study conducted by ASSOCHAM and Grant Thorton, corruption, money laundering, tax evasion, window dressing, financial reporting fraud and bribery are the common corporate frauds occurring in India Inc. ""Over 65% of our survey respondents agreed to witness a rising trend of willful defaults and frauds. The survey observed that the lurking risk of frauds has been dissuading global companies from investing in India,"" states the report."

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April 21, 2015
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RPO Industry Set To Take-Off In 2015

"India 's Recruitment Process Outsourcing (RPO) market, which is currently valued at approximately INR 4 billion (64.3 million), is expected to grow by between 40% and 50% this year.

Randstad has seen requests for RPO in India more than quadrupling, up 120% compared with last year. TeamLease Services has also recently established a formal RPO unit to cater for increased demand for RPO. ScaleneWorks People Solutions has grown its RPO business by 120% since last year. Moorthy Uppaluri, Managing Director and CEO of Randstad India said, ""The top three growth drivers for the RPO boom in 2015 are the need for organisations to enhance quality of hiring, reduce cost of hiring and increase speed of hiring."""

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| Public Sector
April 21, 2015
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Country Background Screening Essentials

There is no one specific law governing background screening in Japan, however, various pieces of legislation do cover parts of the screening process. The practice of background screening in Japan nowadays however has been limited greatly in the past several years by the enactment of new legislation relating to discrimination, privacy and dealing with third party agencies. The five main laws to consider when designing and implementing a screening program in Japan are: Japan 's Personal Information Protection Law, Labor Standards Law 1947, Welfare in 2000, Human Resource Development in High-level IT - Ministry of Economy, Trade and Industry, and Action Guide Regarding to the Protection of Personal Information of Workers.

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