There are many instances where in a company has offered a job but the candidate, after a few days gets to the conclusion that the company doesn’t exist or it is a fake company. While some of these fake companies never rolls out the offer letter, others make the candidates work for free or for peanuts for a couple of months and fire the candidate citing reasons like performance/ no projects etc. Most of the these companies have tie ups with training centers which is a mutual business. The candidate pays a lot of money to undergo the training at the training center which says “100% job guarantee” . They are guaranteeing you a job at a fake company which pays you peanuts. typically lesser money than what you paid for the training. The balance amount is their profit. Beware of such training centers/ companies. Its very unfortunate that these things are happening in some engineering colleges too, where the management ties up with a fake company to do on-campus hiring just to show off that there are companies visiting colleges for on-campus drives. The company never sends an offer letters to the poor students.
We are seeing a lot of posts and questions from candidates asking us if a particular company is genuine or fake. You can easily find out by following these
– Check the “About Us” section of the company. Address and Phone number should be clearly mentioned. The design of the pages should be very professional if its a real company. If it looks immature and looks like a simple blog with a bad UI, it is suspicious especially if its an IT company
– Take a look at the services offered on the website . Make sure that the role for which they hired you , is present in the services. If training and placement is included in services, it is suspicious
– Read the reviews of the work life and salaries of the companies on the internet, you can find them in sites like glass-door
– Research about the revenue/ profit the company has made in the last few years.
– Check the client’s list if present on the company website. See that it has got some very good reputed clients
– Research about the number of employees working in the company
– Try to find if there are employees working for the company via linked-in or other social networks. If you can find someone through you connections on linked-in, connect to the person and en-quire about the company
– If everything listed above appears to be genuine, make a visit to the center and see if the company exists. If it is, try to talk to an employee and en-quire about the company
A short list of fake companies identified is posted by users in the comments section. If you know any other company, post them in the comments section
The Reality View 