Major highlights for Q1 (Jan-Mar’21)
Fueled by hiring growth in IT and Consulting sector, the first quarter has showed very promising trends with volumes increasing by 28% as compared to the previous quarter (Q4-20)
Sectors like BPO, Banking & Financial Services, FMCG, Pharma & Healthcare, Manufacturing, Retail and Telecom display discrepancy percentages above the industry average of 8.7% in Q1-21
More than 91% of the fraudulent occurrences have been observed in 22 – 40 years age bracket
Major highlights for Q2 (Apr-Jun’21)
- Fueled by hiring growth in IT, Consulting, Banking & Financial services, the second quarter has showed very promising trends with volumes increasing by 25% vs. the previous quarter
- Sectors like Banking, Financial Services, BPO, Engineering & Infra, FMCG, Healthcare, Pharmaceutical, Manufacturing and Telecom displayed discrepancy percentages way above the industry average of 8.7% in Q2-21
- Highest level of 64% discrepancy among associate level employees
Major highlights for Q3 (Jul-Sep’21)
- Fueled by hiring growth in IT, Consulting, Banking, Financial Services, E-Commerce & Logistics, Manufacturing and Telecom, the third quarter has shown very promising trends with volumes increasing by 23 percent as compared to the previous quarter
- Sectors like Banking, Financial Services, Healthcare, Manufacturing, Engineering & Infra and Telecom display discrepancy percentages way above the industry average of 7.9 percent in Q3-21
Major highlights for Q4 (Oct-Dec’21)
- In Q4-21, sectors like Banking, Financial Services, Engineering, FMCG, Healthcare, Manufacturing, Pharma and Telecommunication has witnessed major discrepancy which is higher than the overall average of 8.5%
- Employment component has witnessed higher inclination to alternate modes of verification in sectors like IT, Engineering, FMCG, Hospitality and Retail as compared to the industry average of 14% in Q4-21
