First Advantage Releases 2022 Background Screening Trends Report
First Advantage Corporation (NASDAQ: FA) has released its 2022 Annual Trends Report, analyzing the state of background screening as organizations adapt to post-pandemic challenges. The report draws on extensive data and surveys to present insights into key trends impacting the industry, notably the rise in job openings and the importance of speed and risk management in screening processes. Significant findings include that 64% of criminal searches focus on County Seat Felony and Misdemeanor records, and over 50% of employers report challenges with Gen Z candidates.
- Increase in job openings leading to opportunities in background screening.
- Speed is prioritized in screening programs, with a 20% increase in importance noted.
- Useful insights for optimizing screening programs provided in the trends report.
- Over 50% of employers face challenges relating to Gen Z candidates ghosting them.
- 35% of companies report difficulties in accommodating Gen Z's preference for flexible work models.
Annual Research Explores the State of Background Screening as Organizations Navigate the Great Onboarding
ATLANTA, May 03, 2022 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading global provider of technology solutions for screening, verifications, safety, and compliance related to human capital, announces the publication of its 2022 Annual Trends Report.
For the past four years, First Advantage has taken aggregated data from the millions of searches it conducts and cross-referenced it against employer survey data to create a compelling report summarizing current trends in background screening. Accounting for the unprecedented challenges organizations faced over the last year, the new research explores where the industry is heading as it relates to analytics, risk management, drug screening and global searches. This annual report allows customers to benchmark against industry best practices and optimize their screening programs.
Noting a flood of opportunity in 2021 stemming from the increase in job openings, rising quits, interest in finding new jobs, flexible working arrangements and having multiple positions, and the ongoing emergence of the Gen Z and Millennial generations throughout the workforce, First Advantage found that speed, risk management, and cost remain the primary drivers for background screening programs. Employer survey respondents said speed was the most important factor, up 20 percent from last year, for industries like healthcare, transportation, staffing and retail. Financial services, government and non-profits continued to prioritize risk management first.
The report examines the ebb and flow of screening choices, detailing how different industries approach everything from contingent hiring to distributed workforces, offering case studies and actionable insights to help with background screening program development. Other noteworthy findings include:
- County Seat Felony and Misdemeanor (FAM) and Felony and Misdemeanor (FM) represent 64 percent of all criminal searches.
- Some 22 percent of survey respondents indicate having employees who have lived or worked in multiple countries.
- Over 50 percent of employers struggle with Gen Z candidates ghosting them, while 35 percent say they were challenged by Gen Z workers requiring a flexible or hybrid remote work model.
Scott Staples, CEO of First Advantage, commented, “In the 2022 Trends Report, the data clearly highlights the challenges and impacts of the pandemic and The Great Onboarding. Companies faced unforeseen obstacles head-on, and the report showcases what these organizations did to navigate this challenging landscape and prepare for the future.”
First Advantage will explore this year’s research during a webinar scheduled for Thursday, June 2, 2022, at 1:00 p.m. ET. Titled “2022 Annual Trends Report: Navigating the New Normal in the Background Screening Industry,” the event will feature data-based findings and expert insights. Additional details and registration information is available at https://fadv.zoom.us/webinar/register/7816510701598/WN_eCuk5_1kSQ2R5YYATK5hAQ.
To download the First Advantage 2022 Annual Trends Report, please visit http://learn.fadv.com/2022trends.
About First Advantage
First Advantage (NASDAQ: FA) is a leading global provider of technology solutions for screening, verifications, safety and compliance related to human capital. The Company delivers innovative solutions and insights that help customers manage risk and hire the best talent. Enabled by its proprietary technology, First Advantage’s products and solutions help 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 its more than 33,000 customers. For more information about First Advantage, visit the Company’s website at https://fadv.com/.
FAQ
What is the main finding of First Advantage's 2022 Annual Trends Report?
How does the 2022 Trends Report help employers in the background screening industry?
What percentage of criminal searches focus on County Seat Felony and Misdemeanor records according to the report?
When is the webinar discussing the 2022 Annual Trends Report scheduled?
What challenges do employers report regarding Gen Z candidates?
