Thursday, December 26, 2013

Our New Venture : PROFITT CAPITAL RESEARCH SERVICES

 
Dear all
 
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Profitt Capital Advisory Services are a leading research and advisory house based at India having Registered Office in Rajkot, with a dominant position in both Institutional and Retail. We are a company specializing in the business of Analysis, information and Intelligence. There are Various Other Categories where we have been rated number one - most independent research, Sales and Services etc. by the Big Brokers, Investors and Institutions.

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To know more about the company : Visit  http://www.profittresearch.com/ 

 
 

Wednesday, December 18, 2013

Guest Introduction Speech on Inauguration Function of CRESCENDO 2013.. THE ULTIMATE SPORTS CHALLENGE FOR SCHOOL STUDENTS IN RAJKOT










CREATING A CULTURE FOR SUSTAINABILITY THROUGH B-SCHOOL LEARNING MODEL

CREATING A CULTURE FOR SUSTAINABILITY THROUGH B-SCHOOL LEARNING MODEL
An Final Paper



Submitted To
Rustomjee School of Business
For
Reflections A National Conference
On
Emerging Issues in Management

Authors:

Mr. Nishant C. Mehta                                                         Mr. Joy Dsouza
[DST, BBA, MBA]                                                                   [MBA, M.Com]
Asst. Professor,                                                                     Asst. Professor,
Christ Institute of Management                                           Christ Institute of Management

Email :nishantcmehta@gmail.com                                      joy_dsouza2010@yahoo.co.in
Cell: +91 96625 19612                                                        Cell: +91 99254 04510

Address:                                                                                Address:       
“Shree Siddheshvari”,                                                           Christ Institute of Management
Laxmanzula Street,                                                               Rajkot.
Dr. Yagnic Road,                                                                    Rajkot. Gujarat                      
Rajkot. Gujarat


CREATING A CULTURE FOR SUSTAINABILITY THROUGH B-SCHOOL LEARNING MODEL
Key Words: Inspiration, Innovation, Collaboration, Best HR Green Practices
Introduction
The word “Environment sustainability” has become a buzz in the current scenarios. Research scholars & organisation are started talking about its importance & its need in modern day business. Those who ignore it face the catastrophic effect and endanger its survival in long run.
The idea of developing a sustainable B-School was developed with lot of research & literature reviews. Most of the researchers talks about creating a sustainable organisation. Nobody has so far touched upon the concept of creating a sustainable B-school. The benefits attached to it are less known. We believe that the today’s students are tomorrow’s manager.  B-schools are becoming a nurturing ground of holistic development of management aspirants. With this focus in mind we go deeper in imbibing the concept of sustaining environment & society among students and academicians.
The student should be provided hands on exposure that helps them to be more sensitive to environmental & societal issues. The decision they make in near future would involve environmental management. Institution have always  proved a source of learning, with this objective in mind students should be well equipped to overcome the problem the world is facing i.e. environmental degradation. The institute should provide various examples through its processes that motivate student to develop innovative Green practices & policies.  
Organisations are becoming more conservation when it comes to environmental issues. They are redefining their processes & strategies to create a better workplace. Why can’t b-school which is a source of learning be a role model to create sustainable environmentally practices.
Objectives:
-          To highlight best practices in college that foster sustainability
-          To improve the quality of students by providing them experience of environment friendly
-          Creating a change in the perspective of today’s budding managers making it more sensitive towards societal & environmental issues.  
-          sustainable practices in colleges 
-          Employment branding labelling with best place to work.
-          Creating an environment friendly culture.
-          Leveraging the Green Initiatives
Today, economies are changing. World is becoming flatter. Organisation are undergoing transformation & implementing changes aimed at cost optimization. Growth of industries has resulted in tremendous increase in environmental pollutants.  
In this era of globalization, society demands organisations to be more responsible to its stakeholders. They are demanding more accountable for their actions. With the provision of making CSR contribution of 2% average annual profit for mandatory CSR activity have created a breakthrough in reshaping the organisation vision toward the welfare of the society. This has ignited a spark toward upliftment & development of the society.  Environmental norms are becoming stricter & any organisations found violating the norms are punished severely.
Organisations are moving toward renewable source of energy. This movement has received great recognition and appreciation from various industrialist, corporate thinker and management gurus. Banking on renewable source provides organisation an opportunity for long term sustainability. It is impossible to think of organisation existing without contributing any benefits towards the society.
With organisation becoming more sensitive to environmental imbalance, the responsibility lies with the organisation to create processes that are renewable in nature. In most organisations, the onus lies with the H.R. Manager to ensure all employees abide with this new vision.
A 2008 review from the University of Sheffield (Renwick et al, ‘Green HRM: A Review, Process Model and Research Agenda’) as well as a Green HRM AOM Connect Group established in 2009 suggest that the term “Green HRM” could become the umbrella term for this research.
The concept of Green HR has evolved in recent times. H.R. Managers who were termed as business partner are seeing themselves as pioneers of Green H.R. practices. There is a paradigm shift from economic value to environmental value. This has led to a quest of developing innovative processes and methods by leveraging renewable sources strategically termed as Green Initiatives.
At the 2009 Annual Meeting of the Academy of Management, which had as its theme “Green Management Matters”, papers were presented that linked HR functions such as performance management and recruitment to environmental management.

Today, organisations are facing challenge as how Green Initiative should be deployed that will ensure organisational sustainability in future.
(Integration of HRM with environmental management practices)
Recruitment = Job-fit environmental initiatives 
Most researchers have focused on Processes & techniques facilitating environmental projects.  Working on these lines Industrialist & government have introduced processes and/or products that are environmental friendly.

However, this study tries to uncover the role of Human Resource in promoting the spirit of Green initiative among the organisational member. It talks about the Employer Branding, Green Organisational citizenship and various other dimension that help in developing a culture among employees for innovative green practice.

(INSPIRATION = INNOVATION = COLLABORATION)
INSPIRATION:

Google growing its own fruits in the office.  It also provides hybrid cars working on eco fuel to its employee.
IKEA promotes Green initiative gifting employees bicycle on the occasion of Christmas. While another company pays employees initiatives for walking down to work.
Some MNC’s are recycling their waste generated from canteen. Employees are asked to bring their useless plastic bottles, empty cartridges, newspaper, etc  to office to recycle and the amount generated from these products are added to the CSR fund. The contaminated water is purified through RO plants goes back to circulation in form of pure water. Some organisations have been successful in generating office electricity through renewable sources.
Manufacturing companies have also recycling their scrap material & processing it to make it sellable.  Trade union are also encouraging the concept of green HR practices.
Contribution to the society & environmental are the key drivers that motivates an institute to adopt processes that benefits various stakeholders. By adopting this, the perception it gains stronger public image boosting  “Employment  Branding” proving  an opportunity of  best place to work with. The mission & vision statement depicts coherence of commitment in creating a better future boosting the stakeholder’s faith year after year.
Branding is as a most preferred choice for employment along with the most reliable institute to work. As per survey report of SHRM – Green Workplace, organisations that follow Green practices have found higher morale & low turnover rates among employees. Apart for attracting talent such Green practices have also proved as a major reason for retaining existing employees. Employees are more happier working & ensure a longer tenure with such organisation compared to those that don’t practice Green initiatives. The younger generation are further taking initiatives to develop sustainable environmental practices by participating in formulation of policies safeguarding the surrounding environment. 
Forming a team of enthusiastic Green innovators who displaying very high level of commitment. Providing them with proper resource to monitor & maintained such process in the institute.
Rewarding & recognising competent employees that develop Green process and create success stories and hosting in on the institute website.
Encouraging employees to host events & seminars for promoting “Green Initiative Campaigns”. Creating employees/employers Forum where Best Green practices are discussed and their feasibility for implementation are evaluated. These groups educated and train co-workers on reducing, reusing & recycling materials.

INNOVATION - BEST PRACTICES
  1.  Creating a paperless system - Students
1.1  Virtual Interview: Online Admission & college selection process.
1.2  Online exams with multiple choices.
1.3  Assignment submission in softcopy with plagiarism report.
1.4  Emphasis on e-books.
1.5  Correspondence of information to students only through mails.
1.6  Educating & training students on process & practices on application of Environmental management. 
  1. Creating a paperless System – staff
1.1.Maintaining online database of potential & existing staff members.
1.2.Online evaluation & monitoring of faculty performance with environmental initiatives as their KRA.
1.3.High emphasis of correspondence through mails for issuing circulars & notices.
1.4.Encouraging staff to use shared service rather than personal vehicle.
  1. Reducing Carbon/Ecological footprints.
1.1  Installing solar panels on rooftops & parking area.
1.2  Replacing tube light with CFL bulbs.
1.3  Minimizing the use of AC conditioners. 
1.4  Emphasize on using electronic equipment’s that have 5 star energy saving ratings.
1.5  Installing recycling units: waste generating from canteen can be used as organic manure for fields. Creating handcrafts & products that can be reused or sold. Ex- carry bags, stylish mementos.
1.6  Encouraging members to bring their waste products such as used plastic bottles, cartridge , aluminium, glass, newspaper, etc. ;  utilizing the money generated from their sale for social purpose. 
1.7  Installing RO plant to circulate pure water in the whole campus.
1.8  Designing classrooms & staffrooms with provision to grow plants that purifies air.
  1. Inspiring best practices.
1.1  Using social media such as Facebook, blogs, tweeters, etc to promote the  concepts of Green initiatives.
1.2  Banking on Alternative source of electricity – Solar, wind or bio-fuels.
1.3  Conducting Energy Audit at frequent intervals.
1.4  Reducing commutation by encouraging video conferencing. This technique can also be applied for paper presentation.
COLLABORATING
Green practices helps in reducing carbon credit which in turn reduces the overall cost. The success of the entire process depends on the commitment & continuous support of the top management. Executives & CEO (Trustees & Principals) would be the leaders who drive such Green initiatives throughout the organisation. These individuals would help in streamlining the process & channelizing the follow of efforts towards creation of sustainable environment.  With Government making it mandatory for corporates to spend 2% of their annual profit on CSR initiatives, it is golden opportunity for educational institute to step up and accept this challenge of creating an healthy working environment. 
Today organisations are in the race to accelerate strategies that brand themselves as ‘Green’. Along with GE, British petroleum has also joined the hands in creating a brand that fosters environment friendly practices. Companies like Timberland have engraved this initiative in their Mission statement. Some organisations go beyond the traditional approach and are providing employees with hybrid car to commute to work. 
With industry experts laying emphasis on Green initiatives, the search for talent that understand these values & take is to the next level are given due weightage at the time of recruitment.
Collaborating is a three step continuous process which is to be started and initiated by Trustees/ Principal of the college , and to transform the understanding the importance of environmental caring and its benefits to the employees and students of the college. These things become possible only when We can arrange continuous training programs or workshops which helps others understanding the importance of  pollution free environment.
Use of energy is an important aspect of the Green HR initiative. Through the use of alternative energies like Solar and Wind one can develop a distinct structure considering the total energy requirement of the organization. The use of wind energy and solar energy which is free organization can save millions of rupees spent on Electricity Bills over the years.
Although setup for a 100 MW setup of Solar Energy provider system costs in Crores , but if we consider the total requirement of the organization for the long period of time in that case this would be considered to be a very good investment option considering Cost – Benefit Analysis. Especially in case of Educational Institutes this option can be a fruitful for a growth and survival for a long period of time.

References:
(2007). Green Workplace- SHRM survey Brief. Society for Human Resource Management
(2012). HRM’s Role in Corporate Social and Environmental Sustainability. SHRM Foundation -Effective Practice Guidelines Series.
Jacob2, J. C. (2012). A Study of Green HR Practices and Its Effective Implementation in the organisation: A Review. International Journal of Business and Management; Vol. 7, No. 21; , 9.
Lizz Pellet, F. J. (2009). Creating A Sustainable HR Function for the Future. 20.
Mandip, G. (2012). Green HRM: People Management Commitment. Research Journal of Recent Sciences , 9.
Pallavi, M. (2012). Green HRM-Issues and Challenges. Global Research Analysis , 4.
Sudin, S. (2011). Strategic Green HRM: A proposed model that supports Corporate Environmental Citizenship. International Conference on Sociality and Economics Development , 5.



Monday, February 25, 2013

Income Tax Exemptions under various sections : Assessment Year 2013-14


                           Income Tax Exemptions under various sections :  Assessment Year 2013-14
Sr No
Section
Details of deductions
Limit
1
80C
General deduction for investment in PPF,PF,Life Insurance, ULIP, Stamp duty on house, Fixed deposits for 5 years , bonds etc
Maximum Rs 1 ,00,000 is allowed.
2
80CCC
Deduction in case of contribution to pension fund. However, it should be noted that surrender value or employer contribution is considered income.
Maximum is Rs 1,00,000
3
80CCD
Deduction in respect to contribution to new pension scheme. Employees of central and others are eligible.
Maximum is sum of employer’s and employee’s contribution to the maximum : 10 % of salary.
5
80D
Medical insurance on self, spouse , children or  parents
Rs 15,000 for self , spouse & children
Extra Rs 15,000 for insurance on parents. IF parents are above 65 years, extra sum should be read as Rs 20,000
Thus maximum is Rs. 35,000 p.a.
6
80DD
For maintenance including treatment or insurance of physical disable dependent relatives
Rs 50,000 . In case disability is severe , the amount is Rs 1,00,000.
7
80DDB
For medical treatment of self or relatives suffering from specified disease
Acutal amount paid to the extent of Rs 40,000. In case of patient being Sr Citizen , amount is Rs 60,000
8
80E
For interest payment on loan taken for higher studies for self or education of spouse or children
Actual amount paid as interest and start from the financial year in which he /she starts paying interest and runs till the interest is paid in full.
9
80G
Donations to charitable institution
100% or 50% of amount of donation made to 19 entities (National defense fund , Prime minister relief fund etc. )
10
80GG
For rent paid.
This is only for people not getting any House Rent Allowance. Maximum is Rs 2000 per month.  Rule 11B is method of computation.
11
80GGA
For donation to entities in scientific research or rural development.
Only those tax payers who have no business income can claim this deduction .Maximum is equivalent to 100 % of donation.

Sunday, February 3, 2013

Big Guns Failed to impress franchisees in IPL Auction 2013



Highest base priced players for IPL 2013 Auction Ricky Ponting and Michel Clarke and Johan Botha failed get the big deal in the auction. Rather All rounders were most preferred players for the auction. Players with less International experience like Maxwell, Kane Richardson, Abhishek Nayer, Christopher Morris, Dirk Nannes and Jaydev Unadkat bagged good amount for IPL 2013 season. 


Experienced players like Hershelle Gibbs, Rangana Herath, Upul Tharanga, Matt Prior, Martin Guptill, Scott Styris were failed to impress franchisee owners this time. 

It was purely  recent performance based selection approach from the franchisee owners with experts like Rahul Dravid, Anil Kumble, VVS Laxman and Gautam Gambhir Supporting actively their respective franchisees in Auction Process.




Tuesday, October 16, 2012

Innovative Methods for Sourcing Employees & Background Check




Innovative Methods for Sourcing Employees & Background Check
Published @ 
Sixth International Conference on Challenges in Human Resource Management
       Organised by Desh bhagat institute , gobindgarh, punjab

  

Authors:

Mr. Nishant C. Mehta                                                         Mr. Alex Daniel
[DST, BBA, MBA]                                                                   [MBA, Msc (UK)]
Asst. Professor,                                                                     Asst. Professor,
Christ Institute of Management                                           Christ Institute of Management
Email :nishantcmehta@gmail.com                                      alex.daniel81@gmail.com
Cell: +91 96625 19612                                                        Cell: +91 96625 19613
Address:                                                                                Address:       
“Shree Siddheshvari”,                                                           “Anjali”,
Laxmanzula Street,                                                               Street No 14,
Dr. Yagnic Road,                                                                    Sau. Kala Kendra Society,
Rajkot. Gujarat                                                                       Rajkot. Gujarat
                                                                                                                                         



Innovative Methods for Sourcing Employees  & Background Check :



Introduction:

The idea to suggest innovative methods for sourcing employees & check their background has come from series of brain storming sessions with some of the MDs and CEOs different industries over a period of time. Rather than using traditional sources for selecting a candidate for the particular job we have tried to suggest some methods which could be very useful, cost effective and time saving. Many companies are faced with a problem of authenticating the background check while recruiting candidates. References provided on a resume and even the calls made to known connections do not always deliver the clear picture that a recruiter is looking for.  
With reference to the strategic human resource decision making it is very important that whatever efforts in terms of cost & time made to recruit an employee should be lasting for a long period. With our research we would try to suggest some innovative methods to source a suitable candidate for the job and we have also tried to suggest methods to check the background of the potential employee. These methods or suggestions are most worthwhile looking for a suitable candidate at the middle and/or senior management. There are different dimensions focused for using this tools to provide innovative ways to source an employee. 

How to Use Social Media as a Recruiting Tool
There are millions of people on social media websites like LinkedIn, Facebook or Twitter. Many companies are using social media to target candidates. Here's how to use social media as a way to find your next best candidate for your organization.

Need of a Recruiter:
As a recruiter you want to be where the most qualified, talented, and largest pools of applicants are. Human resources can leverage social media to tap in to potential recruits. This type of head hunting is called social recruiting. It's about engaging with users and using social media tools to source and recruit talent.
LinkedIn, Facebook, and Twitter have over 800 million combined users. That equals a lot of potential talent for your company. But how do you find the right person for the job you have available using social media?

Understanding Each Social/ Professional Network:
By now you would be familiar with LinkedIn, Facebook, and Twitter. But just in case you are not, here is a quick overview.
"LinkedIn is an interconnected network of experienced professionals from around the world, representing 170 industries and 200 countries. You can find, be introduced to, and collaborate with qualified professionals that you need to work with to accomplish your goals," states the company's website. That is the corporate way of saying they are a giant jobs board and you can connect to other professionals. There are over 161 million professionals on LinkedIn as on 31st March 2012 with two members being added every second.[1]
Facebook is the largest of the social networking sites with over 400 million users. Facebook is a social utility that connects people with friends and others who work, study, and live around them. It is intended to connect friends, family, and business associates. The model has expanded to include connections to organizations, businesses, and interests -- not just individual people.
Twitter is a micro blogging social networking service. Messages, better known as tweets, are no more than 140 characters. According to their website, "Twitter is a simple tool that helps connect businesses more meaningfully with the right audience at the right time."
Compared to the above names Xing is a more recent entrant and has a much smaller user base. But this website is aimed at business professionals with the intention of tapping into their personal resources of connections to find jobs or even employees. So now that you know what the major social media sites are, which one should you use and how do you use it?

How to Use Social Media as a Recruiting Tool:  Using LinkedIn

The most obvious ways to use LinkedIn are to post jobs you have available and search for candidates. It costs 1700 INR to post a job for 30 days. Or you can buy job credits and pay less per job posting if you buy more credits.  You can also sign up for LinkedIn Talent Advantage.  It is an exclusive suite of tools for recruiters. But if you don't have the budget to pay for job postings or join the Talent Advantage you can still tap in to the free resources LinkedIn offers. 

You should start by building connections to people you already know. This could include former co-workers, current clients, local entrepreneurs and even friends and family. Because you never know who someone else may be connected too that could make for a top-notch candidate. You should also join groups where you might connect with potential candidates. For example, if you are always looking for IT consultants you can find an affiliated group on LinkedIn. Once you join relevant groups find ways to begin discussions with people in the group. If you notice people who are active in the group, they always ask questions and answer others questions, those might be the people you hone in on for job opportunities.
There is also a free way to advertise that you are hiring on LinkedIn without posting a job. Use your network activity box (also known as a status box) to broadcast that you are hiring. "Looking for an IT consultant. If you know someone, maybe even you. Contact me."
When you find someone who may be a good fit for your company you have to evaluate their LinkedIn profile. Does the person have a complete profile including a picture? Do they have recommendations from peers, managers and colleagues? Are they a member of groups relevant to their field? Do you have any 2nd or 3rd degree connections to the person to get a more personal referral? You can find out a lot about a person from their profile before contacting them for an interview. As small business owners, you can easily leverage LinkedIn to find talent.

How to Use Social Media as a Recruiting Tool:  Using Facebook
How many candidates do you have in your database? Whatever the number is it doesn't come close to how many potential candidates are on Facebook. Facebook provides easy and affordable ways to increase your applicant pool. First utilize the Facebook Directory to search for users, pages, groups and applications. 
You can post a job for free in the Facebook Marketplace. The ad requires basic information such as location, job category, subcategory, title, why you need to fill this position, description and if you want to post your photo with the job posting or another image. The limitation of a free job posting is that you can't target it to a specific group of people like you can with a Facebook Ad.
Facebook Pages are another free resource within Facebook. A Facebook Page is a public profile that enables you to share your business and products with Facebook users. If you don't have a Facebook Page you can search other Facebook pages to find people both active and interested in your field or that would be interested in your available position. If your company has a Facebook page you may want to use it as a recruiting tool. Make sure the information about your company is relevant and up-to-date. You can also post job openings for your fans to see. These people are passionate about your company and can be just as passionate about working for your company.
Another option is to post a Facebook Ad if you aren't getting the results you want from searching. The advantage of the ad platform on Facebook over its rivals Google Adwords and Yahoo! Advertising is that Facebook has laser targeting ability. With a Facebook Ad you can choose the exact audience that you are looking to target. The system will ask a series of questions about the characteristics of the people you want to see your job posting ad. You will be asked about the group's age, sex and specific keywords related to the position. Facebook will then calculate how many users fit that criteria. You have the choice to pay per click (how many people clicked on your job ad), pay per impression (how many people potentially saw your ad) and set how much you are willing to pay. You can decide whether to run the job ad continuously or only during a certain time. If you know a woman would be better suited for your position, you can target your job posting to only be seen by women. The options are endless to how narrow a field you can define. Be careful to not make the criteria too specific or you may not get the applicants you want.

How to Use Social Media as a Recruiting Tool:  Using Twitter

Twitter can be powerful for small companies or a recruiter who wants to get an edge over the competition. The easiest way to recruit is to tweet jobs you have available. "Looking for a Sales Rep in Delhi, Very competitive salary, apply at (include a shortened url)." 
If your company has a Twitter account but not a lot of followers you can expand your network and build relationships with clients and job candidates on Twitter. Run a quick search on Twitter (search.twitter.com) for anybody discussing a specific keyword and you can get hundreds of contacts. You can search for people you know, by location, by industry or interest, by hash tag, by popularity, by time and more.
To make your job posting tweets standout you can also use hash tags, #. Hash tags are used as a way to filter and find information on Twitter. All you have to do is include the hash tag with a keyword in your tweet and it becomes instantly searchable. Here are a few examples of hash tags you might consider using: #job, #jobpost, #employment, #recruiting, #hiring, #career, #staffing, #salesjob, #NAJ (that is Twitter lingo for 'Need A Job?')  You can use more than one hash tag in your tweet but remember you are limited to 140 characters so be strategic in which hash tag or tags you use.
You can engage with candidates and see what topics they tweet about. There is also the opportunity to market events you will be attending.  e.g."Stop by our career booth at the Sales Tech Expo."
There are companies like AdLogic that help businesses target to a particular Twitter audience. AdLogic lets clients create custom job feeds and corresponding specialized Twitter profiles for each area that they recruit for.
Your company Twitter account is also an opportunity to inform potential hires about your company. Your tweets say a lot about the company and what topics are important to your company.
When you find a potential candidate on Twitter evaluate their activity to see how often they tweet, if they have a healthy balance between followers and following, how big is their network and the quality of their tweets. Do they keep a balance between personal and professional tweets? Do they only post updates or do they respond to others and retweet others fully utilizing what Twitter is about?

Background check through Social/Professional Networking Websites:
 Social media is a relatively new communication medium that continues to transform how we live our lives. However, social media is in its infancy in terms of its legal and policy implications. Like a credit or criminal background check, many employers, volunteer agencies, and other organizations (such as political parties) are now conducting social media background checks on future and prospective employees, volunteers, and candidates.
A “social media background check” can mean many things. It can be as simple as checking out a Facebook profile or as complicated as hiring someone to search for every bit of social media about an individual. The term “social media” in following guidelines captures a broad range of information such as social networking sites, blogs, micro-blogging, and file sharing sites (including photographs and video). As mentioned earlier these methods are suited while looking for candidates in the middle and senior management. Resumes are manipulated with lots of half truths and incomplete details. But studies have shown that somehow people tend to be more honest and open on social networking sites. Background check conducted via the above mentioned channels help you to lookout for signs of potential problems.

To important things need to consider with social media background checks:

Accuracy:
Information may be prone to errors, and social media is no exception. The ease with which individuals can link images and information that has been collected from social media to a name, increases the likelihood that the individual performing the check will collect inaccurate personal information. They might guess which social media account matches the name on a resume and screen out a candidate based on incorrect information. In other cases, they might access a social media account that has been set up by an imposter to discredit someone. Other factors that can compromise the accuracy of social media include mislabeled photographs and out-of-date information.
Privacy laws require public bodies and organizations to take steps to ensure that the information they collect is accurate. This requirement applies regardless of whether the individual performing the check is viewing information or if they save copies of the information.

Collecting irrelevant information, collecting too much information:
Like a dragnet, social media background checks can catch much more than what was intended. Collecting personal information from a social media site is a form of indirect collection; public bodies must have additional authority to collect the information indirectly, such as with that individual’s consent.
With other forms of information gathering, organizations and public bodies have greater opportunities to control the amount of information they collect. For example, an employer would normally ask references about a job candidate’s work habits but not about their marital status. With social media background checks, they can quickly lose control over the quantity of information they collect about an individual.
Similarly, public bodies and organizations have little control over the currency of the information they collect from social media. Someone might post photographs of an individual on social media sites that are several years old. In addition, many social networks make information available indefinitely. With other forms of background checks, individuals performing screening are usually able to specify in advance if they only want to see personal information from a certain period.

References:
Web References considered:

About Me

My photo
Rajkot, Gujarat, India
Experienced and proven management professional with record of significant accomplishments and contributions. Demonstrated ability to galvanize teams to achieve ambitious results. Established effectiveness in providing vision and counsel in steering organizations through accelerated growth. Diversified background includes working in one of the Big-4 company in the areas of US Taxation, Risk management, Behavioural training and Business development.COMPETENCIES : Behavioural Training,Risk Management, Strategic Planning and implementation, Equity and Derivatives analysis,Project Management,Financial Statement Analysis; Contact at: nishantcmehta@hotmail.com