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First Advantage Releases 2022 India Employment Screening Trends Report

Published

2 years ago

March 26, 2024

#India #Employment #EmploymentScreeningTrends #IndianMarket
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Mumbai, Apr 21 (ANI): 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 anonymised data and analytics from the Company’s background screenings performed for its customers in the Indian market in 2021. In Q4-21, sectors such as Banking, Financial Services, Engineering, Fast-moving Consumer Goods (FMCG), Healthcare, Manufacturing, Pharma, and Telecommunications have witnessed an uptick in major discrepancies which are higher than the overall average of 8.5 per cent. Other notable findings include-The Telecommunications sector showed a high discrepancy percentage at 49 per cent in Q4-21. The employment component has witnessed a higher inclination to alternate modes of verification in sectors like IT, Engineering, FMCG, Hospitality, and Retail as compared to the industry average of 14 per cent in Q4-21. (JA)
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