Bhubaneswar: The First Advantage Corporation (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, announces the publication of its Q1 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 first quarter of 2024. In Q1-24, Industries such as FMCG, Healthcare & Pharma, Services and Telecom sectors had discrepancies percentages that were much higher than the overall average of 9.59 percent.
In the first quarter of 2024, there was a noticeable rise in discrepancies in the employment sectors of BFSI, Engineering & Infrastructure, Healthcare & Pharma, Retail, and Services compared to the previous quarter.
Similarly, education discrepancies were higher in the BFSI, FMCG, E-commerce & Logistics, and Services industries. Employment verifications saw a shift, with sectors like IT, Consulting, FMCG, Engineering & Infrastructure, and Manufacturing increasingly favoring alternate modes of verification. This trend highlights evolving industry practices and the growing emphasis on thorough background checks.