20% of job postings in India are fake

Many companies in India are worried about fake job postings on social media. A new report from Kroll, a global advisory firm, suggests that two out of ten job postings may be fraudulent. Some scammers ask job seekers to pay between ₹50,000 and ₹1 lakh for job offers that do not exist. Recent incidents include a fake job post that tricked people into thinking there were job openings at Nestlé India. The company’s chairman, Suresh Narayanan, had to step in to clarify the situation. Nestlé stated that it is aware of these scams and is working to report them on social media platforms, directing job seekers to its official career channels. The job market in India has slowed down in recent years, which has made job seekers more vulnerable to these scams. Kroll's regional managing director mentioned that false job postings are more common in today's sluggish job market. Some companies are now using social media monitoring to track these fraudulent posts. LinkedIn, a popular platform for job seekers, is also seeing a rise in sophisticated scams. The company is investing in technology and expert teams to detect and eliminate fake accounts and scams. Fake job postings often provide attractive salary offers and remote work options, targeting candidates seeking higher-paying positions. Lohit Bhatia from Quess Corp noted that these scams usually target experienced candidates, as entry-level job seekers are less likely to have money to pay scammers. Digital fraud related to job offers poses risks of data and financial theft. HR professionals have noted that they receive messages from candidates about job offers they never made. Companies are taking steps to clarify that they do not charge application fees, and they are emphasizing this message in their official communications. Leaders in the industry stress the importance of candidate vigilance against such scams. They encourage job seekers to verify job openings through official channels and be cautious with sharing personal information.