The US Employment Screening Market: Size & Forecast with Impact Analysis of COVID-19 (2021-2025)
The key players of the employment screening market are Accurate Background, Inc., First Advantage Pvt. Ltd., Sterling Backcheck, Checkr, Inc. and are also profiled with their respective business strategies.
By: Daedal Research
The report also assesses the key opportunities in the market and outlines the factors that are and would be driving the growth of the industry. Growth of the overall US employment screening market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Accurate Background, Inc.
First Advantage Pvt. Ltd.
Employment screening is a process to narrow down the applicants for a vacant position in the company. The process involves elimination of candidates through background checks, verification and criminal checks. Through employment screening, the selection of right candidates on board becomes extremely professional, quicker and easier.
The US employment screening market can be segmented based on service (Background Screening, Verification and Drug Testing); industry vertical (IT & Telecom, Banking, Financial Services, & Insurance, Government Agencies, Travel & Hospitality, Manufacturing, Retail, Healthcare and Others); and enterprise size (Large enterprises and Small & Mid-Sized Firms). The US employment background screening market can be further segmented as Criminal Record and Credit Check. The US Employment Verification Screening Market can be further segmented as Employment History, Education, Reference and Other including Motor Vehicle Record, etc.
The US employment screening market has slightly declined in 2020, and projections are made that the market would recover in the next four years i.e. 2021-2025. The US employment screening market is expected to increase, due to surge in drug consumption, increasing urbanization, dominating millennials and younger population, rising number of start-ups, growing share of immigrants in the total US population, improved regulatory compliance, increased number of job applications, etc. yet the market faces some challenges such as discrimination concerns, candidate's information compromised, etc.
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