Telecom sector shows high gap trends in Q4-21
Mumbai, India, April 21, 2022 /PRNewswire/ — First Advantage Corporation (NASDAQ: FA), a leading global provider of technology solutions for human capital screening, verification, security and compliance, announced the release of its report on employment screening trends in India, which is a compilation of anonymized data and analysis derived from the Company’s background checks carried out for its clients in the India market in 2021.
In Q4-21, sectors such as banking, financial services, engineering, fast moving consumer goods (FMCG), healthcare, manufacturing, pharmaceuticals and telecommunications saw an increase in major gaps which are above the overall average of 8.5%.
Other notable discoveries include:
- The telecommunications sector posted a high percentage variance at 49% in Q4-21.
- The employment component saw a higher propensity to use other modes of verification in industries such as IT, engineering, consumer packaged goods, hospitality, and retail, compared to average of the industry by 14% in Q4-21.
- Of 100 employment checks verified in the telecommunications sector, 19 were discordant in Q4-21.
“Employee background checks are the urgent need to bring in top talent with the right abilities and legitimate credentials to mitigate potential risks in the workplace,” amit singhsaid the First Advantage sales manager.
In addition, he continued, “As companies pursue various expansion strategies, it has created a strong demand for skilled talent in the market. Organizations around the world have chosen digital transformations to increase the agility and speed of their processes.
For a free copy of the “First Advantage Job Screening Trends Report: India“, and for any other questions, please contact:
About the first benefit:
First Advantage (NASDAQ: FA) is a leading global provider of technology solutions for human capital screening, verification, security and compliance. The company provides innovative solutions and insights that help clients manage risk and hire top talent. Using proprietary technology, First Advantage’s products and solutions help companies protect their brands and provide safer environments for their customers and their most important assets: employees, contractors, contingent workers, tenants and drivers. . Based at Atlanta, Georgia, First Advantage screens in more than 200 countries and territories on behalf of its more than 33,000 customers. For more information about First Advantage, visit the company’s website at https://fadv.com/.
SOURCE Premier Advantage