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.
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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/ .
