Market Overview
The employment screening services market was USD 2972.0 million in 2019 and is expected to grow to USD 7.26 billion at the end of 2019 with a CAGR of 8.2% during the forecast period. The employment screening was the process of finding and confirming a person’s previous records which were done prior to the person being hired. The confirmation of the identity of any individual depending on their CV may be difficult due to the fact that not all the workers give correct data and fabricate personal information.
The employment screening technology assists employers in meeting their financial, legislative, and legal obligations by establishing an objective standard for securing employment. The testing of workers contributes to the overall security and integrity of the company as well as the firm’s adherence to regulatory requirements. The major reason responsible for the development of employment screening service market growth includes an increase in the number of instances that involved unlawful activities as well as growing worries about data theft and data destruction.
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As the number of entrepreneurs grows, the small and medium-sized businesses are anticipated to provide opportunities for the global employment screening service suppliers for developing the technologies to deliver reliable background investigations for new workers. The development of the job screening services market was hampered by inconsistencies in the process of production. A number of primary conversations with the market players and critics are performed to verify the data to obtain advanced analytics on the subject.
Criminal background checks were the most common service which was provided. The partnership with Workday allowed ESS to provide skilled professionals with effective and customized specific background screening bundles which reduce the time spent on the recruiting process.
Market Segmentation
The global employment screening services market was segmented on the basis of break up by service, organization size, application and end users.
On the basis of break up by service, the global employment screening services market was divided into criminal background checks, credit history checks, education, employment verification services and drug and health screening.
On the basis of organization size, the global employment screening services market was divided into Small and Medium Enterprises and Large Enterprises.
On the basis of application, the global employment screening services market was divided into Healthcare, IT & Technology and Media, Financial Services, Staffing, Retail, Travel and Hospitality, Government and Education, Transportation and Others.
On the basis of end users, the global employment screening services market was divided into BFSI, information technology, government and industrial.
Regional Classification
The global employment screening services market was spread in the following regions – North America includes US and Canada; Europe includes Germany, France, Italy, Spain, Russia & Others; Asia Pacific includes China, Japan, India, South Korea, Australia, Indonesia & Others; Latin America includes Brazil, Mexico and Others; Middle East and Africa.
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Industry News
The major key players which are involved in the global employment screening services market are – Employment Screening Services, Inc. (US), Automatic Data Processing, Inc. (US), Employment Background Investigations, Inc (US), Career Builder Employment Screening, LLC (US), Sentinel Background Checks (US), First Advantage Corporation (US), Hire Right, Inc (US).
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