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Employment Screening Services Market by Service (Criminal Background Checks, Education & Employment Verification, Credit History Checks, Drug & Health Screening, and Others) and Application (Banking & Financial Sector, Government Agencies, Information Technology, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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Pages: 190
Feb 2018 | 4001 Views
 
Author's : Sohail Shaikh & Onkar Sumant
Tables: 87
Charts: 24
 

Employment Screening Services Market Overview:

The Global Employment Screening Services Market accounted for $2,939.8 million in 2016 and is expected to reach $4,892.3 million by 2023, registering a CAGR of 7.5% from 2017 to 2023. Employment screening companies offer comprehensive background screening services to companies to scrutinize potential candidates for various positions. These services help identify fraudulent and counterfeit applications in the recruitment industry.

Skilled workforce, enhanced regulatory compliance with respect to employment, and advantages associated with employment screening are expected to boost the employment screening services market. Application of big data analytics by background check providers is also expected to lead to intense competition between market players, cumulatively driving the market. However, technological risks associated with the employment screening data and discrimination concerns are key restraints that impede the market growth. Furthermore, the untapped potential of emerging markets and increased setup of start-up organizations are expected to provide lucrative opportunities for market expansion during the forecast period.

The global employment screening services market is analyzed through the following segments, namely, service, application, and region. Based on service, the market is categorized into criminal background checks, education & employment verification, credit history checks, drug & health screening, and others. The employment screening services market by application is segmented into banking & financial sector, government agencies, information technology, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The banking & financial sector held a major share in 2016 and is expected to continue this trend throughout the forecast period. This is attributed to the fact that continuous background checks and employment screening are in high demanded by this sector in the post financial crisis landscape.

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Asia-Pacific possesses high market potential for growth of employment screening services, owing to increase in accessibility and availability of these services and rise in availability of surplus human resources, jobs, and employment in this region. This region is anticipated to witness rapid market growth due to economic development.

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The report provides extensive competitive analysis and profiles of key market players, such as Insperity, ADP LLC, Experian, First Advantage, HireRight LLC, Capita PLC, REED, Paychex, Inc., CareerBuilder LLC., and Paycor, Inc. The other players included in the value chain analysis (and not included in the report) include Employment Screening Services, Inc., DataFlow Group, Lowers Risk Group, GoodHire, CareerBuilder LLC, and InfoMart, Inc.

Key Benefits for Stakeholders

  • This report offers a detailed quantitative analysis of the current market trends from 2016 to 2023 to identify the prevailing opportunities.
  • Market estimations are based on comprehensive analysis of the key developments in the industry.
  • In-depth analysis based on geography assists to understand the regional market and the strategic business planning.
  • The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.

Employment Screening Services Market Key Segments:

By Service

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

By Application

  • Banking & Financial Sector
  • Government Agencies
  • Information Technology
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Taiwan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

Chapter: 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments

1.3.1. List of key players profiled in the report

1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY

2.1. Key findings of the study

2.1.1. CXO perspective

Chapter: 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.2.2.1. Competitive intelligence and strategies of companies

3.3. Market share analysis, 2016
3.4. Government regulations
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Enhanced quality of workforce
3.5.1.2. Improved regulatory compliance
3.5.1.3. Advantages of employment screening services

3.5.2. Restraints

3.5.2.1. Technology risks
3.5.2.2. Discrimination concerns

3.5.3. Opportunity

3.5.3.1. Untapped potential of emerging economies

Chapter: 4: EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE

4.1. Overview

4.1.1. Market size and forecast

4.2. Criminal background checks

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. Education & employment verification

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. Credit history checks

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

4.5. Drug & health screening

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis, by country

4.6. Other services

4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market analysis, by country

Chapter: 5: EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION

5.1. Overview

5.1.1. Market size and forecast

5.2. Banking & financial sector

5.2.1. Market size and forecast, by region
5.2.2. Market analysis, by country

5.3. Government agencies

5.3.1. Market size and forecast, by region
5.3.2. Market analysis, by country

5.4. Information technology (IT)

5.4.1. Market size and forecast, by region
5.4.2. Market analysis, by country

5.5. Other applications

5.5.1. Market size and forecast, by region
5.5.2. Market analysis, by country

Chapter: 6: EMPLOYMENT SCREENING SERVICES MARKET, BY REGION

6.1. Overview

6.1.1. Market size and forecast

6.2. North America

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. North America market size and forecast, by country

6.2.2.1. U.S.

6.2.2.1.1. U.S. market size and forecast, by service
6.2.2.1.2. U.S. market size and forecast, by application

6.2.2.2. Canada

6.2.2.2.1. Canada market size and forecast, by service
6.2.2.2.2. Canada market size and forecast, by application

6.2.2.3. Mexico

6.2.2.3.1. Mexico market size and forecast, by service
6.2.2.3.2. Mexico market size and forecast, by application

6.2.3. North America market size and forecast, by service
6.2.4. North America market size and forecast, by application

6.3. Europe

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Europe employment screening services market, by country

6.3.2.1. Germany

6.3.2.1.1. Germany market size and forecast, by service
6.3.2.1.2. Germany market size and forecast, by application

6.3.2.2. France

6.3.2.2.1. France market size and forecast, by service
6.3.2.2.2. France market size and forecast, by application

6.3.2.3. UK

6.3.2.3.1. UK market size and forecast, by service
6.3.2.3.2. UK market size and forecast, by application

6.3.2.4. Italy

6.3.2.4.1. Italy market size and forecast, by service
6.3.2.4.2. Italy market size and forecast, by application

6.3.2.5. Spain

6.3.2.5.1. Spain market size and forecast, by service
6.3.2.5.2. Spain market size and forecast, by application

6.3.2.6. Rest of Europe

6.3.2.6.1. Rest of Europe market size and forecast, by service
6.3.2.6.2. Rest of Europe market size and forecast, by application

6.3.3. Europe market size and forecast, by service
6.3.4. Europe market size and forecast, by application

6.4. Asia-Pacific

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Asia-Pacific market size and forecast, by country

6.4.2.1. Japan

6.4.2.1.1. Japan market size and forecast, by service
6.4.2.1.2. Japan market size and forecast, by application

6.4.2.2. China

6.4.2.2.1. China market size and forecast, by service
6.4.2.2.2. China market size and forecast, by application

6.4.2.3. India

6.4.2.3.1. India market size and forecast, by service
6.4.2.3.2. India market size and forecast, by application

6.4.2.4. Australia

6.4.2.4.1. Australia market size and forecast, by service
6.4.2.4.2. Australia market size and forecast, by application

6.4.2.5. South Korea

6.4.2.5.1. South Korea market size and forecast, by service
6.4.2.5.2. South Korea market size and forecast, by application

6.4.2.6. Taiwan

6.4.2.6.1. Taiwan market size and forecast, by service
6.4.2.6.2. Taiwan market size and forecast, by application

6.4.2.7. Rest of Asia-Pacific

6.4.2.7.1. Rest of Asia-Pacific market size and forecast, by service
6.4.2.7.2. Rest of Asia-Pacific market size and forecast, by application

6.4.3. Asia-Pacific market size and forecast, by service
6.4.4. Asia-Pacific market size and forecast, by application

6.5. LAMEA

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. LAMEA market size and forecast, by country

6.5.2.1. Brazil

6.5.2.1.1. Brazil market size and forecast, by service
6.5.2.1.2. Brazil market size and forecast, by application

6.5.2.2. Saudi Arabia

6.5.2.2.1. Saudi Arabia market size and forecast, by service
6.5.2.2.2. Saudi Arabia market size and forecast, by application

6.5.2.3. South Africa

6.5.2.3.1. South Africa market size and forecast, by service
6.5.2.3.2. South Africa market size and forecast, by application

6.5.2.4. Rest of LAMEA

6.5.2.4.1. Rest of LAMEA market size and forecast, by service
6.5.2.4.2. Rest of LAMEA market size and forecast, by application

6.5.3. LAMEA market size and forecast, by service
6.5.4. LAMEA market size and forecast, by application

Chapter: 7: COMPANY PROFILES

7.1. ADP, LLC

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments

7.2. Capita PLC

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.2.6. Key strategic moves and developments

7.3. CareerBuilder, LLC

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Key strategic moves and developments

7.4. Experian PLC

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Business performance
7.4.5. Key strategic moves and developments

7.5. First Advantage

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Key strategic moves and developments

7.6. HireRight, LLC

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Key strategic moves and developments

7.7. Insperity,Inc

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Business performance
7.7.5. Key strategic moves and developments

7.8. Paycor, Inc

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Key strategic moves and developments

7.9. Paychex, Inc

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Product Portfolio
7.9.4. Business performance
7.9.5. Key strategic moves and developments

7.10. REED

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Product portfolio

LIST OF TABLES

TABLE 01. GLOBAL EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 02. EMPLOYMENT SCREENING SERVICES MARKET FOR CRIMINAL BACKGROUND CHECKS, BY REGION, 2016-2023 ($MILLION)
TABLE 03. EMPLOYMENT SCREENING SERVICES MARKET FOR EDUCATION & EMPLOYMENT VERIFICATION, BY REGION, 2016-2023 ($MILLION)
TABLE 04. EMPLOYMENT SCREENING SERVICES MARKET FOR CREDIT HISTORY CHECKS, BY REGION, 2016-2023 ($MILLION)
TABLE 05. EMPLOYMENT SCREENING SERVICES MARKET FOR DRUG AND HEALTH SCREENING, BY REGION, 2016-2023 ($MILLION)
TABLE 06. EMPLOYMENT SCREENING SERVICES MARKET FOR OTHER SERVICES, BY REGION, 2016-2023 ($MILLION)
TABLE 07. GLOBAL EMPLOYMENT SCREENING SERVICES MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 08. EMPLOYMENT SCREENING SERVICES MARKET FOR BANKING & FINANCIAL SECTOR, BY REGION, 2016-2023 ($MILLION)
TABLE 09. EMPLOYMENT SCREENING SERVICES MARKET FOR GOVERNMENT AGENCIES, BY REGION, 2016-2023 ($MILLION)
TABLE 10. EMPLOYMENT SCREENING SERVICES MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2016-2023 ($MILLION)
TABLE 11. EMPLOYMENT SCREENING SERVICES MARKET FOR OTHER APPLICATIONS, BY REGION, 2016-2023 ($MILLION)
TABLE 12. EMPLOYMENT SCREENING SERVICES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 13. NORTH AMERICA EMPLOYMENT SCREENING SERVICES MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 14. U.S. EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 15. U.S. EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 16. CANADA EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 17. CANADA EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 18. MEXICO EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 19. MEXICO EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 20. NORTH AMERICA EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 21. NORTH AMERICA EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 22. EUROPE EMPLOYMENT SCREENING SERVICES MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 23. GERMANY EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 24. GERMANY EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 25. FRANCE EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 26. FRANCE EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 27. UK EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 28. UK EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 29. ITALY EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 30. ITALY EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 31. SPAIN EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 32. SPAIN EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 33. REST OF EUROPE EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 34. REST OF EUROPE EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 35. EUROPE EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 36. EUROPE EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 37. ASIA-PACIFIC EMPLOYMENT SCREENING SERVICES MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 38. JAPAN EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 39. JAPAN EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 40. CHINA EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 41. CHINA EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 42. INDIA EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 43. INDIA EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 44. AUSTRALIA EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 45. AUSTRALIA EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 46. SOUTH KOREA EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 47. SOUTH KOREA EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 48. TAIWAN EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 49. TAIWAN EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 50. REST OF ASIA-PACIFIC EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 51. REST OF ASIA-PACIFIC EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 52. ASIA-PACIFIC EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 53. ASIA-PACIFIC EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 54. LAMEA EMPLOYMENT SCREENING SERVICES MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 55. BRAZIL EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 56. BRAZIL EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 57. SAUDI ARABIA EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 58. SAUDI ARABIA EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 59. SOUTH AFRICA EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 60. SOUTH AFRICA EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 61. REST OF LAMEA EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 62. REST OF LAMEA EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 63. LAMEA EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 64. LAMEA EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 65. ADP, LLC: COMPANY SNAPSHOT
TABLE 66. ADP, LLC: OPERATING SEGMENTS
TABLE 67. ADP, LLC: PRODUCT PORTFOLIO
TABLE 68. CAPITA PLC: COMPANY SNAPSHOT
TABLE 69. CAPITA PLC: OPERATING SEGMENTS
TABLE 70. CAPITA PLC: PRODUCT PORTFOLIO
TABLE 71. CAREERBUILDER, LLC: COMPANY SNAPSHOT
TABLE 72. CAREERBUILDER, LLC: PRODUCT CATEGORIES
TABLE 73. CAREERBUILDER, LLC: PRODUCT PORTFOLIO
TABLE 74. EXPERIAN PLC: COMPANY SNAPSHOT
TABLE 75. EXPERIAN PLC: OPERATING SEGMENTS
TABLE 76. FIRST ADVANTAGE: COMPANY SNAPSHOT
TABLE 77. FIRST ADVANTAGE: PRODUCT CATEGORIES
TABLE 78. HIRERIGHT, LLC: COMPANY SNAPSHOT
TABLE 79. HIRERIGHT, LLC: PRODUCT CATEGORIES
TABLE 80. INSPERITY, INC: COMPANY SNAPSHOT
TABLE 81. INSPERITY, INC: PRODUCT CATEGORY
TABLE 82. PAYCOR, INC: COMPANY SNAPSHOT
TABLE 83. PAYCOR, INC: PRODUCT CATEGORY
TABLE 84. PAYCHEX, INC: COMPANY SNAPSHOT
TABLE 85. PAYCHEX, INC: PRODUCT CATEGORIES
TABLE 86. REED: COMPANY SNAPSHOT
TABLE 87. REED: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. EMPLOYMENT SCREENING SERVICES MARKET SEGMENTATION
FIGURE 02. TOP INVESTMENT POCKETS
FIGURE 03. TOP WINNING STRATEGIES, BY YEAR, 2016-2018
FIGURE 04. TOP WINNING STRATEGIES, 2016-2018 (%)
FIGURE 05. TOP COMPANIES AND THEIR STRATEGIES, 2016-2018*
FIGURE 06. MARKET SHARE ANALYSIS, 2016
FIGURE 07. COMPARATIVE COUNTRY ANALYSIS OF EMPLOYMENT SCREENING MARKET FOR CRIMINAL BACKGROUND CHECKS, 2023 ($MILLION)
FIGURE 08. COMPARATIVE COUNTRY ANALYSIS OF EMPLOYMENT SCREENING SERVICES MARKET FOR EDUCATION & EMPLOYMENT VERIFICATION, 2023 ($MILLION)
FIGURE 09. COMPARATIVE COUNTRY ANALYSIS OF EMPLOYMENT SCREENING SERVICES MARKET FOR CREDIT HISTORY CHECKS, 2023 ($MILLION)
FIGURE 10. COMPARATIVE COUNTRY ANALYSIS OF EMPLOYMENT SCREENING SERVICES MARKET FOR DRUG AND HEALTH SCREENING, 2023 ($MILLION)
FIGURE 11. COMPARATIVE COUNTRY ANALYSIS OF EMPLOYMENT SCREENING SERVICES MARKET FOR OTHER SERVICES, 2023 ($MILLION)
FIGURE 12. COMPARATIVE COUNTRY ANALYSIS OF BANKING AND FINANCIAL SECTOR EMPLOYMENT SCREENING SERVICES MARKET, 2023 ($MILLION)
FIGURE 13. COMPARATIVE COUNTRY ANALYSIS OF EMPLOYMENT SCREENING SERVICES MARKET FOR GOVERNMENT AGENCIES, 2023 ($MILLION)
FIGURE 14. COMPARATIVE COUNTRY ANALYSIS OF EMPLOYMENT SCREENING SERVICES MARKET FOR INFORMATION TECHNOLOGY, 2023 ($MILLION)
FIGURE 15. COMPARATIVE COUNTRY ANALYSIS OF EMPLOYMENT SCREENING SERVICES MARKET FOR OTHER APPLICATIONS, 2023 ($MILLION)
FIGURE 16. ADP, LLC: NET SALES, 2015-2017 ($MILLION)
FIGURE 17. ADP, LLC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 18. CAPITA PLC: NET SALES, 2015-2017 ($MILLION)
FIGURE 19. CAPITA PLC: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 20. EXPERIAN PLC: NET SALES, 2014-2016 ($MILLION)
FIGURE 21. EXPERIAN PLC: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 22. EXPERIAN PLC: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 23. INSPERITY,INC: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 24. PAYCHEX, INC: NET SALES, 2014-2016 ($MILLION)

 

Employment screening is the process undertaken by background checking and employment screening providers to check the credibility of an employee before hiring; these services include consolidation, research, and data collection of an array of different verticals such as educational, employment history, credit history, criminal, financial and personal records about an individual for the purpose of evaluation for employment.

The growth of the employment screening services market is expected to be driven by factors such as enhanced quality of workforce, improved regulatory compliance with respect to employment, and advantages associated with employment screening. Furthermore, the emphasis of newer organizations and startups for background checking is expected to increase the demand for these services during the forecast period. Untapped potential of emerging markets, and increase in advancement in the information technology and human resources sectors are anticipated to provide lucrative opportunities for market growth.

An HR professional must be prepared to traverse very carefully between different employment practices and privacy laws to comply with different federal, state, and country level requirements when dealing with employment screening services. Hence, the technology risks associated with the employment screening data and discrimination concerns are key restraints that impede the market growth. At present, criminal background checks and education & employment verification institutes are the largest service segments of employment screening services market, followed by credit history checks, and drug & health screening.

The banking & financial sector dominated the employment screening services market; whereas, the government agencies segment is projected to grow at the highest growth rate throughout the forecast period. The implementation of technologically advanced employment screening services is highest in North America, owing to the increase in adoption and availability of these services in U.S., followed by Europe and Asia-Pacific.

 

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