First Advantage Corporation (NASDAQ: FA), a leading global provider of employment background screening and verification solutions, announces the publication of its Q2 2023 India Employment Screening Trends Report. The 35-page document is a compilation of anonymized data and analytics from the Company’s background screenings performed for its customers in the Indian market during the second quarter of 2023.
In Q2-23, industries such as BFSI, Consulting, Manufacturing, Healthcare & Pharma, and Retail Has shown greater discrepancy percentages than the overall average of 9.7%.
Other notable findings include:
For Employment Verifications: IT, BFSI, Consulting, FMCG, E-commerce & Logistics, Manufacturing, Healthcare & Pharma sectors have shown a higher inclination towards alternate modes of verification.
In Q2-23, sectors like IT, Consulting, Education, BPO and Staffing are accepting a higher percentage of alternate modes for conducting address verifications.
IT industry boasts the highest number of candidates engaged in dual employment.
“As the background screening industry continues to evolve, it is essential for businesses to embrace digital solutions to remain competitive and protect their most valuable asset—their workforce. By leveraging the power of technology in background screening, companies can make well-informed hiring decisions, foster a secure work environment, and pave the way for a successful and sustainable future,” said Amit Singh, Senior Vice President & Head – Commercial.