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Verimployee logo — Verimployee is an “Accountability Mechanism” that alters inc...

Verimployee

Verimployee is an “Accountability Mechanism” that alters incentives to promote employees/employers honor their promises

Founded 2018 India Gurgaon, India 9 employees Pre Seed Total: $250.00K Human Resources

General Information

Company Name Verimployee
Founded Year 2018
Location India Gurgaon, India +1
Employees 9
Industries Human Resources
Funding Stage Pre Seed
Social

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About Verimployee

Verimployee is an “Accountability-Mechanism” that records promises employees and employers make to each other during the recruitment process and follows up to see if those promises were honored. This information is available on a need-to-know basis to future employers only with explicit consent of the employee. Verimployee replicates the reputation mechanism that has worked effectively to create social accountability for thousands of years and still does in smaller communities (e.g., Villages). The efficacy of reputation in enforcing social accountability has waned in the past several decades due to a dramatic increase in the size of communities. Verimployee has been designed to overcome the factors that diminish the efficacy of reputation as a societal mechanism in larger geographic areas and in very large populations. It is an IT-enabled social accountability platform. The company was founded in 2018 and is based in India. Verimployee recently received a $250.00K Pre Seed Round investment on November 1, 2021, from Newchip Accelerator. With its innovative approach to fostering trust and accountability between employers and employees, Verimployee has the potential to improve the dynamics of the employment relationship and create further opportunities for cooperation and mutual benefit.

Taxonomy: Accountability Mechanism, Employee Employer Relationship, Trust Building, Reputation Management, Social Accountability, Recruitment Process, Incentive Alignment, Community Reputation, Economic Opportunities, Social Status, IT-enabled Platform, Cooperation Improvement, Mutual Benefit, Trustworthiness

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Pre Seed Round •••••• 1 •••• •••• 01 Nov 2021

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FAQ About Verimployee

Verimployee is an “Accountability Mechanism” that alters incentives to promote employees/employers honor their promises
Verimployee was founded in 2018.
Verimployee is headquartered in Gurgaon, India.
Verimployee operates in the following industries: Human Resources.
Verimployee has approximately 9 employees.
Verimployee has completed 1 funding round, raising a total of $250.00K. The latest funding stage is Pre Seed.
Top alternatives and competitors to Verimployee include LifeBrand, Accountability Counsel, Allegeant, LLC, Accountability Lab, Linkfluence. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Verimployee and LifeBrand are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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