The global employment screening services market was valued at $3167 million in 2018 & is estimated to generate net revenue of approximately $6211 million by 2027, growing at a CAGR of 7.91%. Employment screening can be referred to as the credibility check undertaken by different organizations before hiring an employee in an organization. Employers apply this service so as to consolidate an array of information about previous employment, criminal, financial, educational and other records about an individual for the employment purpose.

GLOBAL EMPLOYMENT SCREENING SERVICES MARKET FORECAST 2019-2027

Global Employment Screening Services Market by Service (Criminal Background Checks, Education & Employment Verification, Credit History Checks, Drug & Health Screening, Other Services) by Application (Banking & Financial Sector, Government Agencies, Information Technology Sector, Other Sectors) by Geography.

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The global employment screening services market was valued at $3167 million in 2018 & is estimated to generate net revenue of approximately $6211 million by 2027, growing at a CAGR of 7.91%. Employment screening can be referred to as the credibility check undertaken by different organizations before hiring an employee in an organization. Employers apply this service so as to consolidate an array of information about previous employment, criminal, financial, educational and other records about an individual for the employment purpose.

Screening potential employees by performing background checks and cross-checking work history with previous employers help to protect a company and its workers. Skipping employment screenings to save money and time may prove to be costly for a company in terms of workplace violence, lawsuits and employee theft.

Employment Screening Services Market

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Top reasons for employment screening are as follows:

Workplace Violence:

Employment screening is useful for bringing forth an applicant’s potential for bad behaviour, which can reduce the threat of bullying and violence in your workplace. But then some employers prefer to use psychological testing to predict an applicant’s potential for fighting or engaging in other misconduct at work. Applicants who have qualms about such testing that might invade their privacy may not answer the questions honestly and can elude an employer from perceiving their potential for causing workplace misconduct.

Negligent-Hiring Lawsuits:

Employers can protect themselves from lawsuits that accuse them of negligent hiring practices by consistently screening job applicants. Employees sometimes sue their employers if their coworkers injure them in some way, and the Nolo law information website indicates that many states allow workers to hold their companies responsible for hiring employees who harm them. That harm may include a physical injury, an assault or a loss of personal property. Doing a thorough background check on job applicants may prevent such glitches.

Fraud Prevention:

Employee theft and fraud is a costly problem for some employers, and a background check can reveal an applicant’s history regarding theft or fraudulent offenses. The typical business loses about 5 per cent of its revenue to fraud each year, according to a 2010 survey by the Association of Certified Fraud Examiners. The ACFE indicates that fraud cases involving company executives are more costly than cases involving managers and other employees. The association’s survey included data compiled from a study of more than 1,800 cases of fraud in the workplace that occurred worldwide.

Business owners should consult with an attorney to ensure they’re not invading job applicants’ privacy or using discriminatory practices in their screening process. An applicant’s written consent is usually required to conduct background checks. Employers should only be looking for information that demonstrates how applicants might perform on the job to alleviate potential privacy concerns and to avoid scrutinizing information that may appear discriminatory.

Factors that are driving the growth of the market are:

  • Upgraded regulatory compliance
  • Advantages of employment screening services
  • Improved quality of the workforce

Concerns related to discrimination and risks associated with technology implemented for employment screening services are hindering the growth of the global employment screening service market. Lack of an adequate amount of information to make an informed decision can severely challenge the market in the future.

The employment screening service market has been segmented by the business model, component, end user, deployment model and geography. Based on the component, the market is sub-segmented into hardware and software. The software component of the employment screening service market is expected to grow the fastest among other components over the forecast period. Software in robotics is a set of commands or instruction that are interfaced with the mechanical devices to perform the predetermined task as per the programming. Software for the smart robot consists of artificial intelligence (AI), image processing and applications in face recognition and threat detection, and others.

Global employment screening service market is segmented into:

  • Market By Service
    • Criminal Background Checks
    • Education & Employment Verification
    • Credit History Checks
    • Drug & Health Screening
    • Other Services
  • Market By Application
    • Banking & Financial Sector
    • Government Agencies
    • Information Technology Sector
    • Other Sectors

Geographically, the global employment screening service market has been segmented on the basis of four major regions, which include:

  • North America – U.S. & Canada
  • Europe – UK, France, Germany, Italy, Spain, Russia and Rest of Europe
  • Asia-Pacific – China, India, Japan, South Korea, Australia, Taiwan and Rest of Asia Pacific
  • Rest of World- Latin America and Middle East & Africa

North America market dominates the global employment screening services market regarding revenue. The rise in demand for employment screening services in North America is primarily driven by the presence of a large number of enterprises that are increasingly adopting employment screening services.

The major market players of the global employment screening service market are:

    • Capita Plc
    • Experian Plc
    • Insperity Inc.
    • Paychex, Inc.
    • ADP LLC
    • Careerbuilder LLC
    • First Advantage
    • Hireright LLC
    • Paycor Inc.
    • Reed

Company profiles of the prominent market players are discussed in detail. Most of the companies look for strategies like merger & acquisitions, partnerships, contracts, agreements, new product launch, in order to gain a competitive edge over other companies considered as adversaries.

Key findings of the global employment screening service market:

  • Criminal background checks service has the largest share
  • Government agencies application is expected to show the highest growth rate
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • CRIMINAL BACKGROUND CHECKS SERVICE HAS THE LARGEST SHARE
      • GOVERNMENT AGENCIES APPLICATION IS EXPECTED TO SHOW HIGHEST GROWTH RATE
  1. MARKET DYNAMICS
    • MARKET DEFINITION & SCOPE
    • MARKET DRIVERS
      • UPGRADED REGULATORY COMPLIANCE
      • PROS OF EMPLOYMENT SCREENING SERVICES
      • IMPROVED QUALITY OF WORKFORCE
    • MARKET RESTRAINTS
      • CONCERNS RELATED TO DISCRIMINATION
      • RISKS ASSOCIATED WITH TECHNOLOGY FOR EMPLOYMENT SCREENING SERVICES
    • MARKET OPPORTUNITIES
      • OPPORTUNITIES IN THE DEVELOPING ECONOMIES
      • BIG DATA IMPACT
    • MARKET CHALLENGES
      • LACK OF ENOUGH INFORMATION TO MAKE INFORMED DECISION
  1. MARKET BY SERVICE
    • CRIMINAL BACKGROUND CHECKS
    • EDUCATION & EMPLOYMENT VERIFICATION
    • CREDIT HISTORY CHECKS
    • DRUG & HEALTH SCREENING
    • OTHER SERVICES
  2. MARKET BY APPLICATION
    • BANKING & FINANCIAL SECTOR
    • GOVERNMENT AGENCIES
    • INFORMATION TECHNOLOGY SECTOR
    • OTHER SECTORS
  3. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • GERMANY
      • FRANCE
      • UK
      • SPAIN
      • ITALY
      • RUSSIA
      • ROE (Rest of Europe)
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • AUSTRALIA
      • SOTH KOREA
      • TAIWAN
      • REST OF ASIA PACIFIC (RoAPAC)
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA
  1. COMPETITIVE LANDSCAPE
    • CAPITA PLC
    • EXPERIAN PLC
    • INSPERITY INC
    • PAYCHEX, INC.
    • ADP LLC
    • CAREERBUILDER LLC
    • FIRST ADVANTAGE
    • HIRERIGHT LLC
    • PAYCOR INC
    • REED

 

LIST OF TABLES

TABLE 1 GLOBAL EMPLOYMENT SCREENING SERVICES MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)

TABLE 2 GLOBAL EMPLOYMENT SCREENING SERVICES MARKET, BY SERVICE, 2019-2027, (IN $ MILLION)

TABLE 3 GLOBAL CRIMINAL BACKGROUND CHECK SERVICE MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 4 GLOBAL EDUCATION & EMPLOYMENT VERIFICATION SERVICE MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 5 GLOBAL CREDIT HISTORY CHECKS SERVICE MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 6 GLOBAL DRUG & HEALTH SCREENING SERVICE MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 7 GLOBAL OTHER SERVICES MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 8 GLOBAL EMPLOYMENT SCREENING SERVICES MARKET, BY APPLICATION, 2019-2027, (IN $ MILLION)

TABLE 9 GLOBAL BANKING & FINANCIAL MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 10 GLOBAL GOVERNMENT AGENCIES SECTOR, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 11 GLOBAL INFORMATION TECHNOLOGY SECTOR, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 12 GLOBAL OTHER SECTOR, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 13 OPPORTUNITY MATRIX

TABLE 14 VENDOR LANDSCAPE

TABLE 15 GLOBAL EMPLOYMENT SCREENING SERVICES MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)

TABLE 16 NORTH AMERICA EMPLOYMENT SCREENING SERVICES MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 17 EUROPE EMPLOYMENT SCREENING SERVICES MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 18 ASIA PACIFIC EMPLOYMENT SCREENING SERVICES MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 19 REST OF WORLD EMPLOYMENT SCREENING SERVICES MARKET, BY REGIONS, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1 GLOBAL EMPLOYMENT SCREENING SERVICES MARKET SHARE, BY APPLICATION 2018 & 2027 (%)

FIGURE 2 CRIMINAL BACKGROUND CHECKS SERVICE OF EMPLOYMENT SCREENING SERVICES MARKET, 2019 – 2027 (IN $ MILLION)

FIGURE 3 GOVERNMENT AGENCIES APPLICATION OF EMPLOYMENT SCREENING SERVICES MARKET, 2019 – 2027 (IN $ MILLION)

FIGURE 4 GLOBAL EMPLOYMENT SCREENING SERVICES MARKET, BY CRIMINAL BACKGROUND CHECK SERVICE, 2019-2027, (IN $ MILLION)

FIGURE 5 GLOBAL EMPLOYMENT SCREENING SERVICES MARKET, BY EDUCATION & EMPLOYMENT VERIFICATION SERVICE, 2019-2027, (IN $ MILLION)

FIGURE 6 GLOBAL EMPLOYMENT SCREENING SERVICES MARKET, BY CREDIT HISTORY CHECKS SERVICE, 2019-2027, (IN $ MILLION)

FIGURE 7 GLOBAL EMPLOYMENT SCREENING SERVICES MARKET, BY DRUG & HEALTH SCREENING SERVICE, 2019-2027, (IN $ MILLION)

FIGURE 8 GLOBAL EMPLOYMENT SCREENING SERVICES MARKET, BY OTHER SERVICES, 2019-2027, (IN $ MILLION)

FIGURE 9 GLOBAL EMPLOYMENT SCREENING SERVICES MARKET, BY BANKING & FINANCIAL SECTOR, 2019-2027, (IN $ MILLION)

FIGURE 10 GLOBAL EMPLOYMENT SCREENING SERVICES MARKET, BY GOVERNMENT AGENCIES SECTOR, 2019-2027, (IN $ MILLION)

FIGURE 11 GLOBAL EMPLOYMENT SCREENING SERVICES MARKET, BY INFORMATION TECHNOLOGY SECTOR, 2019-2027, (IN $ MILLION)

FIGURE 12 GLOBAL EMPLOYMENT SCREENING SERVICES MARKET, BY OTHER SECTORS, 2019-2027, (IN $ MILLION)

FIGURE 13 PORTER’S FIVE FORCE MODEL

FIGURE 14 GLOBAL EMPLOYMENT SCREENING SERVICES MARKET, REGIONAL OUTLOOK, 2018 & 2027, (%)

FIGURE 15 UNITED STATES EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 16 CANADA EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION

FIGURE 17 GERMANY EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 18 FRANCE EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19 UK EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20 SPAIN EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21 ITALY EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22 RUSSIA EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23 ROE EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24 INDIA EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25 CHINA EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26 JAPAN EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27 AUSTRALIA EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28 SOUTH KOREA EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29 TAIWAN EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30 REST OF ASIA PACIFIC EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31 LATIN AMERICA EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32 MIDDLE EAST AND AFRICA EMPLOYMENT SCREENING SERVICES MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY SERVICE
    • CRIMINAL BACKGROUND CHECKS
    • EDUCATION & EMPLOYMENT VERIFICATION
    • CREDIT HISTORY CHECKS
    • DRUG & HEALTH SCREENING
    • OTHER SERVICES
  2. MARKET BY APPLICATION
    • BANKING & FINANCIAL SECTOR
    • GOVERNMENT AGENCIES
    • INFORMATION TECHNOLOGY SECTOR
    • OTHER SECTORS
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • GERMANY
      • FRANCE
      • UK
      • SPAIN
      • ITALY
      • RUSSIA
      • ROE (REST OF EUROPE)
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • AUSTRALIA
      • SOUTH KOREA
      • TAIWAN
      • REST OF ASIA PACIFIC (ROAPAC)
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA

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