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First Advantage Half Yearly India Trends Report
Posted on: 25/Aug/2020 2:46:52 PM
FMCG shows Highest Surge in Discrepancy percentage to 24.1% in Q2 2020 versus 15.3% in Q1 2020
- Healthcare industry shows a background screening discrepancy percentage of 14.6 percent in the second quarter of 2020 as compared to 16.6 percent in the first quarter of 2020.
- In the Gender wise discrepancy, both the genders have shown an increase in the Q2-20 as compared to Q1-20; male from 8% to 10% and female from 7% to 8%.
- 92 percent of the discrepant occurrences have transpired in the 22 to 40 years age bracket in both the quarters.
- The FMCG industry shows a high discrepancy percentage of 24.1 percent, way above 15.3 percent in the previous quarter of 2020.
- Industries like Banking, BPO, E-Commerce & Logistics, Financial Services, FMCG, Healthcare, Manufacturing, Pharma, and Telecom display discrepancy percentages way above the industry average of 9.7 percent in Q2-20.
- Several industries like Consulting, E-Commerce & Logistics, Engineering & Infra, Financial Services, FMCG, Hospitality, Insurance, IT, Manufacturing, Retail & Staffing have hugely contributed to the increase in the discrepancy percent in the Q2-20.
- Healthcare industry showcased a major shift in alternate verifications from 4 percent in Q1-20 to 16 percent in Q2-20.
- In Q2-20, 57 out of every 100 Address verification was conducted through the alternate mode of verification as compared to 11 out of every 100 in Q1-20.
Cases of discrepancies in the FMCG industry have witnessed a sharp rise in Q2-20 as per the Trends Report released by First Advantage, a leading background screening company in India. Other industries like Healthcare, Banking, BPO, E-Commerce & Logistics, Financial Services, Manufacturing, Pharma, and Telecom also display discrepancy percentages way above the industry average of 9.7 percent in Q2-20. Several industries like Consulting, E-Commerce & Logistics, Engineering & Infra, Financial Services, FMCG, Hospitality, Insurance, IT, Manufacturing, Retail & Staffing have hugely contributed to the increase in the discrepancy percent in the second quarter as compared to the first quarter of 2020.
The COVID-19 pandemic is changing the way we approach employment background checks. While many companies have reduced hiring or implemented a hiring freeze, there are organizations hiring as usual and in some industries, many are even ramping up. In Q2-20, 11 out of every 100 Employment verification was conducted through the alternate mode of verification as compared to 08 out of every 100 in Q1-20. In the second quarter of 2020 - almost all the industries like Consulting, Engineering & Infra, Financial Services, Healthcare, IT, Telecom to name a few - have increased their percentages in terms of an alternate mode of verification in the Employment component.
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