Employment Screening Services Market : Year 2020-2027 and its Detail Analysis by focusing on Top Key Players like A-Check America, Verity Screening Solutions, Capita, Triton, DataFlow Group, Sterling Talent Solutions

2020 Employment Screening Services Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period.

The employment landscape has transformed radically after the financial crisis of 2008. The global upsurge in Internet users and the groundbreaking changes in the human resource management industry have created a rich atmosphere for screening service to propagate. A large number of industries across the globe are currently stimulated by the candidate-driven employment market where companies are keen to decrease the time-to-hire ratios. Since hiring delays impacts an organization both in terms of time and cost. Companies are these days competing for the best candidates and therefore are putting more emphasis on crafting a positive onboarding experience, which also includes the background screening process of employees.

Employment screening services market in global is expected to grow from US$ 4.12 Bn in 2018 to US$ 6.25 Bn by the year 2027. This represents a CAGR of 4.8% from the year 2019 to 2027.

Besides this, international recruitment has also created a large number of new opportunities for organizations in different sectors. However, hiring workers/employees from overseas can creates some crucial legal and logistical difficulty in hiring departments. Organizations with high incomes spend an excessive amount of money on employing and onboarding processes. To deploy best practices in the hiring and onboarding program, companies conduct an exhaustive background screening. Background screening cost much lesser to companies when compared to the expense of drug abuse in the workplace and the potentially disastrous costs of fraud

Get Sample Copy of this Report at https://www.theinsightpartners.com/sample/TIPTE100000748?utm_source=OpenPR&utm_medium=10051

Growing inclination towards advanced big data technology expected to boost the market-

Big data refers to data collected from huge groups. The internet has been one of the prime factors driving the big data application in the employee screening market. The Internet has made it easy for social networking sites, search engines, marketers, and other sources to collect huge amounts of information about employees. Information collected from big data can be used by companies to create employee wellness programs, improve their health care policies, and improve internal promotions. According to the American Statistical Association (ASA), 53% of the HR departments use big data to help make strategic decisions for recruitment and selection and managing talent and performance.

Big Data offers merged information that shrinks unfairness in employment judgments and helps employers make better decisions in recruitment, appraisal and performance evaluations. Big Data, when paired with present advance techniques, can improve the selection of the right candidates, intensify the ability to recognize talent from cross-border, help overcome implicit and explicit biases in the work area and raise equality in access to jobs. Big data brings with it a huge opportunity in recruitment and employee screening process and can be one of the significant tools for an employer to make the decision.

The employment screening services market ecosystem consists of well-established players as well as emerging companies. Some of the key players operating in the employment screening services market are Pinkerton Corporate Risk Management, HireRight, LLC, A-Check America, Inc., Verity Screening Solutions LLC, Capita Plc, Triton, DataFlow Group, Sterling Talent Solutions, First Advantage, Accurate Background, AuthBridge, Insperity and GoodHire and among others. Several other manufacturers are also functioning in the industry, and are contributing substantial revenues year on year, thereby, driving the market growth.

Strategic Insights:

The market players present in the employment screening services market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnerships, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company to maintain its brand name globally. Few of the recent developments are listed below:

2019: Accurate Background, LLC announced an integration with AvatarFleet's A-Suite driver recruiting and compliance management software. The integration would use the company's API to make background screening services available in AvatarFleet's software.

2019: In October 2019, Sterling Talent Solutions partnered with the LinkedIn talent hub. LinkedIn will serve as an integration partner on the applicant tracking system, and this would enable customers to source, manage, and hire in an integrated platform. Further, the partnership would help to ease the process of candidate hiring.

2018: In October 2018, AuthBridge Research Services Private Limited acquired Footprints Collateral Services Company, the acquisition enables both the company to offer employee background screening solutions to its customers.

The global employment screening services market has been segmented on the basis of service into background screening, verification, and medical and drug testing. The market has been further segmented by applications into IT & telecom, BFSI, government agencies, travel & hospitality, manufacturing, retail, healthcare, and others. Based on organization size the employment screening services is bifurcated into large-size enterprise and SMEs. Geographically, the employment screening services market is classified as North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

Place a Purchase Order to Buy a Complete Copy of this Report @ https://www.theinsightpartners.com/buy/TIPTE100000748?utm_source=OpenPR&utm_medium=10051

Table of Content Overview-

1. Introduction
2. Key Takeaways
3. Research Methodology
4. Employment Screening Services Market Landscape
5. Employment Screening Services Market - Key Industry Dynamics
6. Employment Screening Services Market - Global Analysis
7. Employment Screening Services Market Analysis - By Services
8. Employment Screening Services Market Analysis- By End-User Industry
9. Employee Screening Services Market - By Organization Size
10. Global Employment Screening Services Market - Geographic Analysis
11. Industry Landscape
12. Employment Screening Services Market - Company Profile
13. Appendix

The Insight Partners
533, 5th Floor,
Amanora Chambers, East Block, Amanora Township,
Kharadi Road, Hadapsar, Pune-411028
Email :sales@theinsightpartners.com
Phone : +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.