Bengaluru, Oct 23, 2024 — First Advantage Corporation (NASDAQ: FA), a global leader in employment background screening, identity, and verification solutions, has released its Q2 2024 India Employment Screening Trends Report. The 33-page report provides a detailed analysis based on anonymized data collected from background checks conducted for clients in the Indian market during the second quarter of 2024.
In Q2 2024, key industries such as BFSI (Banking, Financial Services, and Insurance), BPO (Business Process Outsourcing), E-commerce and Logistics, Manufacturing, and Retail exhibited discrepancy rates significantly higher than the overall average of 8.15%. Notably, there was a marked increase in discrepancies within the BPO, FMCG, and Staffing sectors compared to the previous quarter.
The report also highlighted elevated educational discrepancies in industries like BFSI, Manufacturing, Retail, and E-commerce & Logistics. Employment verifications saw a shift, with sectors including BFSI, Consulting, Engineering & Infrastructure, Manufacturing, and Services increasingly opting for alternate verification methods. This trend underscores the growing importance of thorough background checks across industries.
