Employment Screening Services Market

Employment Screening Services Market: Introduction

• Employment screening is the investigation of a potential employee's qualifications, and confirmation that the person would be a safe and appropriate choice for the workplace. The screening might be conducted by a third-party company or by a future employer.
• In the recruitment process, employment screening services are used to analyze job applicants' criminal, credit, educational, driving, and other background information. Employment experience, location records, address confirmation, drug screening, behavior assessments, bankruptcy checks, and professional and personal reference checks are among the services provided. They are frequently used by businesses all over the world because the services are inexpensive and fast, to assess the abilities of job applicants and streamline and improve the recruiting process.

Global Employment Screening Services Market: Dynamics

Global Employment Screening Services Market: Key Drivers

• Globalization has led to a massive influx of job immigrants, primarily to the world's most developed countries, seeking higher living standards and better employment prospects. The United States, United Kingdom, Germany, and Canada, have seen an increase in the number of immigrants working in both low-skilled and high-skilled jobs. The rise in job immigrants and mobile workforce as a result of globalization, as well as the rising need to reduce fraudulent activities by applicants, are among the factors driving the demand for background check screening by various organizations, which boosts the growth of the employment screening services market.
• Recruiting new employees with traditional background methods can be a lengthy and time-consuming process. As a result, employers are increasingly turning to employment screening services to increase the efficiency and effectiveness of their hiring processes. These services reassure employers that the information on a resume is accurate and valid. They assist in preventing negligent hiring, determining a candidate's authenticity, and reducing the risk of workplace thefts, abuse, and violence.
• Several organizations are providing customized solutions to help medical facilities and hospitals hire and retain productive employees. This, along with the increasing volume of medical data and the resultant need for more workers, is driving demand for employment screening services in healthcare businesses around the world.

Impact of Covid-19 on the Employment Screening Services Market

• The Covid-19 pandemic had a negative impact on the employment screening services market in the initial phase of the pandemic. Because of strict imposition of lockdown, travel bans, and mobility limitation, various industry sectors such as manufacturing, transportation, and IT and telecommunication had limited the hiring process, resulting in decreased demand for employment screening services.
• At the same time, a large number of people operated throughout the pandemic in the healthcare and retail sector. The need for health and background screening of employees has increased in these sectors.
• Furthermore, the IT sector has been booming due to increased work from home and online education. As a result, the need for a new hiring process increased in the IT sector, which is propelling the employment screening services market during the pandemic period. Thus in the long term, the impact of Covid-19 is positive on the employment screening services market.

North America to Account for Major Share of the Global Employment Screening Services Market

• In terms of region, the global employment screening services market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
• North America holds a dominant share of the employment screening services market. The North American region is one of the major IT hubs, which has resulted in an increase in number of immigrants looking for work. This propels the growth of the market in the region.
• Asia Pacific is anticipated to witness the highest CAGR during the forecast period. Developing economies, particularly China, South Korea, Australia, Singapore, and India, present considerable opportunities for employment screening services to improve and develop their capabilities. This is because India and China are high populated and hence have significant work opportunities, which is likely to provide profitable prospects for the employment screening services industry in the region during the forecast period.

Global Employment Screening Services Market: Competitive Landscape

Key Players Operating in the Employment Screening Services Market

Providers of employment screening services are implementing growth strategies to expand their presence and strengthen their market position. To expand their market position, employment screening services providers use major growth strategies such as product acquisitions, collaborations, and launches, as well as creating global and regional distribution networks.

Key players operating in the global employment screening services market include:

• First Advantage
• HireRight
• Employment Screening Services
• Lowers Risk Group
• Capita PLC
• DataFlow Group
• InfoMart
• Insperity
• PreHire Screening Services
• GoodHire
• Mintz Global Screening
• Triton
• Verified Ltd.
• Paychex
• Agenda Screening Services

Global Employment Screening Services Market: Research Scope

Global Employment Screening Services Market, by Services

• Criminal Background Checking
• Education and Employment Verification
• Credit History Checking
• Drug and Health Screening
• Others

Global Employment Screening Services Market, by Application

• Staffing
• Healthcare
• IT
• Retail
• Financial Services
• Industrial
• Transportation
• Others

Global Employment Screening Services Market, by Region

• North America
  • U.S.
  • Mexico
  • Canada
• Europe
  • Germany
  • France
  • Spain
  • Italy
  • U.K.
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of MEA
• South America
  • Brazil
  • Argentina
  • Rest of South America