ANI PR Wire
18 Jul 2022, 20:55 GMT+10
Mumbai (Maharashtra) [India], July 18 (ANI/PR Newswire): First Advantage Corporation (NASDAQ: FA), a leading global provider of technology solutions for screening, verifications, safety and compliance related to human capital, announced the publication of its India Employment Screening Trends Report, which is a compilation of anonymized data and analytics from the Company's background screenings performed for its customers in the India market in Q1-22.
In Q1-22, sectors such as banking, financial services, and insurance (BFSI), Retail, and Telecom showed substantially greater discrepancy percentages than the overall average of 9.6 per cent.
Other notable findings include:
- BFSI and retail industries experienced greater differences in discrepancy percentage.
- Out of every 100 employment checks verified in the BFSI sector, 19 were discrepant in Q1-22.
- For Employment Verifications, IT, BFSI, and Consulting sectors have shown higher inclination towards alternate modes of verification.
"With the popularity of remote work, businesses are looking beyond macro trends like the need to manage company risk and assure compliance in the recruiting process and are focusing on micro-trends like continuing criminal records check and social media screening," Amit Singh, Head of Commercial at First Advantage, said.
Further, he continued, "As we continue to plan and execute our FA strategy, our vision is to enable our customers to hire smarter and onboard faster with advanced product and technology roadmaps."
First Advantage (NASDAQ: FA) is a leading global provider of technology solutions for screening, verifications, safety, and compliance related to human capital. The Company delivers innovative solutions and insights that help customers manage risk and hire the best talent. Enabled by its proprietary technology, First Advantage's products and solutions help companies protect their brands and provide safer environments for their customers and their most important resources: employees, contractors, contingent workers, tenants, and drivers. Headquartered in Atlanta, Georgia, First Advantage performs screens in over 200 countries and territories on behalf of its more than 33,000 customers. For more information about First Advantage, visit the Company's website at https://fadv.com/.
This story is provided by PR Newswire. ANI will not be responsible in any way for the content of this article. (ANI/PR Newswire)
Get a daily dose of Broadcast Communications news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Broadcast Communications.
More InformationDAYTON, Ohio: Under an agreement announced this week, Joby Aviation will produce state-of-the-art electric vertical takeoff and landing (eVTOL) aircraft ...
NEW YORK, New York - U.S. stocks and bonds caught on to a global trend Thursday as sellers took charge ...
CHICAGO, Illinois: The Chicago Symphony Orchestra (CSO) and the Chicago Federation of Musicians announced over the weekend that they agreed ...
ANKARA, Turkey: During a meeting, Michael Evans, President of the Alibaba Group, told Turkish President Tayyip Erdogan that the Chinese ...
NEW YORK: This week, the Wall Street Journal (WSJ) reported that U.S. electric vehicle (EV) maker Tesla and Saudi Arabia ...
NEW YORK, New York - Interest rates could stay higher for longer, but there is the possibility of rate cuts ...
Ottawa [Canada], September 22 (ANI): Despite Canadian PM Justin Trudeau failing to provide any evidence to back his allegations on ...
New Delhi [India], September 21 (ANI): Amid the ongoing Canada-India diplomatic crisis, the Union government on Thursday, issued an advisory ...
New Delhi [India], September 21 (ANI): Union Information and Broadcasting Minister Anurag Thakur on Thursday congratulated veteran actor and politician ...
New York [US], September 21 (ANI): Media Mogul Rupert Murdoch has announced his retirement from the Fox and News Corporation ...
Mumbai (Maharashtra) [India], September 21 (ANI): Kabaddi player Rohit Kumar said on Wednesday that the Pro Kabaddi League (PKL) has ...
Islamabad [Pakistan], September 20 (ANI): Imran Khan's party Pakistan Tehreek-e-Insaf (PTI) has petitioned the Chief Justice of Pakistan (CJP) Qazi ...