Employment Screening Services Market by Service (Criminal Background Checks, Education & Employment Verification, Credit History Checks, Drug & Health Screening, and Others) and Application (Healthcare, IT/Technology/Media, Financial Services, Staffing, Retail, Industrial, Travel/Hospitality, Government/ Education, Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2028

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An effective and simplified candidate experience for both remote & onsite applicants will continue to be a top priority for employers around the globe in 2021. Further, the adoption of employment screening services has increased over time to boost the decision-making capability of the employer and to improve the hiring process of the organization. In addition, the popularity of employment screening services among the enterprises is accelerating owing to improved workplace safety and to reduce the hiring risk of incapable personnel. With an unprecedented COVID-19 pandemic situation, 147 million people became unemployed, leading to global loss of an estimated $3.8 trillion, including job losses of 147 million full-time positions, as well as a loss of $2.1 trillion in wages and salaries. 

Moreover, in 2020, a survey conducted by the Professional Background Screening Association (PBSA) projected that in several organizations, 12% are conducting background checks annually or more frequently, compared to 9% in 2019. In addition, with the unique workforce landscape in 2021, ongoing screening will accelerate agility & enhanced safety for remote, onsite and contingent workers. As a result, these are becoming major trends in the market. 

North America is expected to dominate the market during the forecast period, owing to increased adoption and availability of these services in the U.S., followed by Europe and Asia-Pacific. In addition, employment screening service providers have focused on expanding their presence in the emerging economies, which is estimated to drive the market growth. Some of the key players profiled in the report include ADP LLC, Capita PLC, CareerBuilder LLC, Experian, First Advantage, HireRight LLC, Insperity, Paychex, Inc., Paycor, Inc., REED, and Sterling. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.