IT Sector Shows Discrepancy Trends in Q4-23

BENGALURU, India, April 4, 2024 -- First Advantage Corporation (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, announces the publication of its Q4 2023 India Employment Screening Trends Report. The 32-page document is a compilation of anonymized data and analytics from the Company's background screenings performed for its customers in the Indian market during the fourth quarter of 2023.

In Q4-23, Industries such as IT, Consulting, Manufacturing, Education, and Telecom sectors had discrepancies in percentages that were much higher than the overall average of 10.53 percent.

Other notable findings include:

  • Employment - IT, FMCG, Staffing and BPO sectors led to a rise in discrepancy in Q4-23 compared to Q3-23.
  • IT, Telecom & Services Industries had higher discrepancies compared to Q3-23.
  • For Employment Verifications - IT, BFSI, Consulting, BPO, and Services sectors have shown a higher inclination towards alternate modes of verification.

About First Advantage:

First Advantage (NASDAQ:FA) is a leading provider of employment background screening, identity, and verification solutions. First Advantage delivers innovative services and insights that help customers manage risk and hire the best talent. Enabled by its proprietary technology, First Advantage helps companies protect their brands and provide safer environments for their customers and their most important resources: employees, contractors, contingent workers, tenants, and drivers. Headquartered in Atlanta, Georgia, First Advantage performs screens in over 200 countries and territories on behalf of more than 30,000 customers. For more information about First Advantage, visit its website at https://fadv.com/.

For a complimentary copy of the 'First Advantage Employment Screening Trends Report: India,' and for other queries please contact:

Deepashri Sunder

+91 8861013031

deepashri.sunder@fadv.com

 

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