Are you scratching your head and thinking about what is this all about?
One of the critical cost component for Education Verification is School/University verification fee.
This fee has become a norm and you should not be surprised about this additional cost. More importantly this cost increases every year by at-least 50-100%
My webinar on University fee and how it has increased from 2019 – 2020.
Why?
- Additional revenue stream for educational institutions.
- Over all number of background checks have increased hence additional admin staff is required which cost money.
What is it fee?
This is the fee which university or school would charge in order to provide authentication to third parties such as Background Screening Agencies.
What is the range ?
This fee ranges anywhere from INR 100.00 to INR 15,000.00 or in some extreme cases just a little more such as IIPM. — INR 22,5000 ? really? yes !! – Check out the link below
Is it really required ? What are the advantages ?
Yes, it is required.
Advantages
- Authentic response is guaranteed.
- High quality verification with complete verification details.
- In case of disputes , proof of verification is required.
- In case of errors in educational documentations, a written confirmation can help candidate rectify the error.
Drawbacks ?
To be honest – NONE.
But reality is much different.
The cost of education verification in high due to these university/school fee. Unfortunately not many organisations are not willing to accept these charges or are in denial about it but that is the reality. It is an accepted fact that Background Screening is a cost for HR departments, and in majority of the organisations unfortunately it is just a check box on the list of checklist during onboarding of candidates. A change has been observed and organisations have warmed up to this concept but the wide acceptance is still very low.
My advice to human resource managers, procurement managers, business owners and other C-level decision makers is to always account for university/school fee as part of your budget allocation for background checks. This cost is unavoidable and this will increase every year!
