BFSI Sector Shows
Discrepancy Trends in Q2-24.
Bengaluru, Oct 23, 2024 : First Advantage Corporation (NASDAQ: FA), a
leading provider of employment background screening, identity, and verification
solutions, announces the publication of its Q2 2024 India Employment Screening
Trends Report. The 33-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 2024.
In Q2-24, Industries such
as BFSI, BPO, E-commerce and Logistics, Manufacturing and Retail sectors had
discrepancies percentages that are much higher than the overall average of 8.15
percent.
In the Second quarter of 2024, there was a
noticeable rise in discrepancies in the employment sectors of BPO, FMCG and
Staffing compared to the previous quarter. Similarly, education discrepancies
were higher in the BFSI, Manufacturing, Retail and E-commerce & Logistics
industries. Employment verifications saw a shift, with sectors like BFSI,
Consulting, Engineering & Infra, Manufacturing, and Services increasingly
favoring alternate modes of verification. This trend highlights evolving
industry practices and the growing emphasis on thorough background checks.
For queries please contact: Deepashri Sunder on deepashri.sunder@fadv.com
About First Advantage:
First Advantage (NASDAQ: FA) is a leading provider of employment
background screening, identity, and verification solutions. Enabled by its
proprietary technology, First Advantage delivers innovative services and insights
that help customers mitigate risk and hire the best talent: 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 30,000 customers. For more information
about how to hire smarter and onboard faster with First Advantage, visit the
Company’s website at https://fadv.com/ .