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The new economics of catching resume fakers.
The volume of fake resumes in the industry is staggering. LinkedIn reference check is something every HR professional should try and leverage. The economics seem decent enough as this snippet from LinkedIn indicates:
For $200 a month you can potentially make 40 (Request Intros) + 50 (Direct mail) checks. That is 100 INR per check if you have a 100% hit rate (probability given the credibility of LinkedIn). I am not a HR professional but I bet companies pay a lot more than 100 for a check. BTW they also give 2 months access free for those who prepay for a year. The only grievance : The search is uni dimensional and limited to companies.
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