Topsgroup Risk Intelligence Private Limited (TRIPL) is bringing the ground-breaking ‘Layered Voice Analysis’ technology to India. An effective tool for fast, reliable and cost-effective assessment of employees, LVA-i (system based on Layered Voice Analysis) can address array of applications other than pre-employment screening such as employee’s periodical security and integrity check, customer or employee satisfactions surveys, criminal record background check, vendor integrity checks and credit risk assessment etc.
The LVA-i is already a success in countries such as Mexico, Guatemala, South Africa, Bulgaria, Hungary and China and is soon to be launched in India as it will help protect a corporate organization from potential workforce liabilities. Its interactive system is unique and it measures the emotional content of the applicant’s voice, not the actual answer. The results allow the interviewer to focus on specific relevant topics and the interview summary can be written and stored within the test result records.
Mitigating Wrong Hiring Risk
Announcing the need for a comprehensive Human Resource Risk Assessment system, Jitendra Satpute, chief executive officer, TRIPL elaborated, “It is extremely important to mitigate the risk of hiring wrong recruits as organizations are as good as their employees. LVA-i will aid pre-employment screening as well as periodic checks that will be much easier, faster and cost effective. Apart from other benefits LVA-i will indirectly help reduce the cost of training and turnover, safeguard the organization from corporate scandals and fraud and also keep workplace security in check.”
A recent KPMG study titled ‘India Fraud Survey Report 2010’ reports that majority of the respondents indicated that the incidence of fraud is rising steadily, thereby indicating that India Inc needs to deal with fraud risks firmly. What is important to note is that over 70 per cent of the respondents in the survey have implemented or plan to implement critical fraud prevention controls such as process-specific fraud controls, employee background checks, vendor/ customer/ senior management due diligence and establishing internal whistle-blower mechanism.
“Corporates and business houses across the spectrum, be it retail, ITES, banks and financial institutions, etc. are now waking up to the importance of back-ground checks for employees to avoid any hassles later. We are looking forward to launch special systems such as LVA-i for our valued customers and are excited about introducing innovations that will change the way the security industry will function in the future,” he concluded.
