First Advantage Corporation (NASDAQ: FA), a top provider of employment background screening, identity, and verification solutions, has released its Q1 2024 India Employment Screening Trends Report. The 33-page report compiles anonymized data and analytics from the company’s background screenings conducted in the Indian market during the first quarter of 2024.
In Q1 2024, industries such as FMCG, Healthcare & Pharma, Services, and Telecom showed discrepancy rates significantly above the overall average of 9.59 percent.
There was a notable increase in discrepancies in the BFSI, Engineering & Infrastructure, Healthcare & Pharma, Retail, and Services sectors compared to the previous quarter. Additionally, education discrepancies were higher in the BFSI, FMCG, E-commerce & Logistics, and Services industries. Employment verifications saw a shift, with IT, Consulting, FMCG, Engineering & Infrastructure, and Manufacturing sectors increasingly adopting alternative verification methods. This trend underscores evolving industry practices and the heightened importance of thorough background checks.
Check the report here: India Trends Report_Q1
Posted in Corporate, News
