Background Verification is an important tool for professionals to strengthen their skill profile and for organizations to have greater comfort and confidence in hiring the right people as recent surveys have found that one in three resumes in India is falsified.
How it works?
If you are a professional,
You will see a tab reading “My Verification” on your dashboard. Clicking on that leads you to a form where you file in your request for verification. You can choose to get “Fully Verified” by opting for both employment/client and reference checks or get “Partially Verified” by opting for any of the two checks. Once the verification is successfully completed, your profile will have a badge featured at the top of your profile indicating that you are a ‘Verified’ professional.
Strengthens a professional’s skill profile and adds credibility by having future clients / companies hear from past ones!
If you are an organisation,
You will be able to see badges against the names and profiles of those professionals for whom background verification has been successfully done. For professionals who are not yet verified, you can opt for conducting their verification before or after contacting them for your assignment.
It will help you make more informed choices about the best professionals for an assignment. Profiles with background verification done, get listed higher, as it’s an important indicator of the authenticity of the profile
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1. Pathology market – Estimate for online verus offline mix. Which are the prominent city tiers dominating online market. Key trends for your company. Number of lab test per person per year in India and how is it expected to evolve going forward. How is the pricing set to evolve at market and your company level. How is the pricing different for your company in offline versus online channel. What is the market mix for organized versus unorganized and how is it going to evolve going forward specially for national chains
2. Revenue mix and key metrics – revenue mix for company by sample source type say walk-in verus corporate versus doctor advised versus online. sample per lab per day for different lab types - a) RRL; b) SRL; c) Satellite labs; d) other lab type such as HLM. How is the sample mix by channel at lab or company level between online versus offline verus hospital led. What is the average realization per patient for different channel types - a) Offline; b) Online; c) Hospital led; d) any other channel.
3. Ramp up for new labs - Historically, during the ramp up phase for satellite labs what was the average sample processed per lab per day in initial 12 months. What is the stable state sample processing per lab per day and how many months it typically takes a lab to reach stable state. How does it vary for RRL, NRL labs as well
4. Expansion plan – Tentatively, what is the expansion plan for next 3-5 years for different lab types for your company - a) RRL; b) SRL; c) Satellite labs; d) other lab type.
5. Lab EBIDTA – Insights required on absolute spend or as % of revenue and key drivers for cost line items such as Collection centre and Direct client costs; Consumable cost; Phlebo cost; Lab staff cost; Logistics / sample cost; Rental cost; Admin cost
6. Corporate EBIDTA – Insights required on absolute spend or as % of revenue and key drivers for cost line items such as Marketing and branding cost, Call center team cost, Corporate sales team cost, Corporate employee cost, Tech costs and other corporate expenses
7. Capex estimates - What is a typical capex involved in setting up of SL or HLM labs ? Key equipment installed ? Break up of costs among equipment, Civil, etc.? What is the useful life of equipment installed
