North America Employment Screening Services Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Services (Background Check, Verification, and Medical & Drug Testing), End-User Industry (IT & Telecom, BFSI, Government Agencies, Travel & Hospitality, Manufacturing, Retail, Healthcare, and Others), and Organization Size (SMEs and Large Enterprise)

Code: TIPRE00023488 | Pages: 119 | Industry: Technology, Media and Telecommunications | Date: Jul 2021
Covid

Market Introduction

North American region in the employment screening services market consists of countries, namely, the US, Canada, and Mexico. The employers across the US consider background checking as an integral part of their recruitment process. As per a recent study, around 70% of the companies based in the US perform background checks, and approximately 80% of these companies also scrutinize criminal records of their potential candidates. The employment screening tests performed on applicants highly depend on the job profile as a type of employer. For instance, for a job, which is not for a middle or high-level position, an employer might select low-cost options such as Google searches, reviews of social media, and calling references. However, for managerial or top-level positions, an in-depth background check is required, which includes a credit report. Considering criminal records in the US varies from state to state. For instance, some state governments significantly limit the degree to which an employee’s criminal records are considered by the employer such as, in Pennsylvania, an employer may consider criminal records only to the extent that it should not be related to potential employee’s employment suitability.

It is becoming apparent with the COVID-19 pandemic spreading across the United States significant challenges are faced by all industries. Thus, any impact on industries directly affects the economic development of North America. The US is the world's worst-affected country by the COVID-19 outbreak. The consequent economic downturn has led to the rise in number of jobless candidates by more than 14 million in the country, which reached 20.5 million in May 2020 from 6.2 million in February 2020. As a result, in 2020, the rate of unemployment increased from 3.8% in February to 13.0% in May in the US; the rise in unemployment rate continued in April as well with 14.4%. However, post Q3 2020, the number of COVID-19 cases in the US started declining, thus triggering gradual normalization of economic activities in the country. This resulted in rise in demand of products and services across the region. Moreover, with the improved vaccine distribution and administration drives, the US witnessed a more than expected increase in job openings in February 2021. According to data released by the Job Openings and Labor Turnover Survey (JOLTS), in 2021, the number of job openings rose to 7.4 million in March from 7.1 million in February. Nonetheless, the labor market has a long way to go before resuming its late-2019 status. The US hiring rate increased to 4% in February from 3.8% in February 2021, Thus, despite the steep decline in the first two quarters of 2020, the employment screening services market in North America started experiencing substantial growth as the economy of region started reviving back to normal, leading to the acceleration of hiring processes across industries.


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Market Overview and Dynamics

The employment screening services market in North America is expected to grow from US$ 2090.23 million in 2021 to US$ 3249.28 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028. Employment background screening is an attempt that deals with human resources management, labor law and discrimination concerns, and these all comes into existence with legal compliance of the country. Legal compliance can be acquiescence with state and federal laws that control background screening, this can be concerns about accurateness since accuracy impacts data concerns, and also laws related to discrimination. Currently near to cent percent of the US organization uses employment screening regularly. However, the background reports and actions based on them have become the subjects of far-reaching laws intended to protect applicants and ensure fair decisions. These legal restrictions forbid in detail how background screening can be used. Failing to abide by these rules exposes firm to legal and regulatory sanction. This is bolstering the growth of the employment screening services market.

Key Market Segments

In terms of system type, the verification segment accounted for the largest share of the North America employment screening services in 2020. In terms of end-user industry type, the IT & telecom segment held a larger market share of the employment screening services market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the employment screening services market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ACCURATE BACKGROUND, LLC; A-CHECK AMERICA, INC.; CAPITA PLC; FIRST ADVANTAGE; HIRERIGHT, LLC; PINKERTON CONSULTING & INVESTIGATIONS, INC; STERLING TALENT SOLUTIONS; TRITON INC; VERITY SCREENING SOLUTIONS; GOODHIRE; INSPERITY, INC. among others.

Reasons to buy report

  • To understand the North America employment screening services landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America employment screening services
  • Efficiently plan M&A and partnership deals in North America employment screening services by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America employment screening services
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Employment Screening Services Market – By Services

  • Background Screening
    • Credit Check
    • Criminal Record
  • Verification
    • Qualification
    • Employment History Verification
    • Reference
    • Others
  • Medical & Drug Testing

 

North America Employment Screening Services Market – By End-User Industry

  • IT & Telecom
  • BFSI
  • Government Agencies
  • Travel & Hospitality
  • Manufacturing
  • Retail
  • Healthcare
  • Others

 

North America Employment Screening Services Market – By Organization Size

  • SMEs
  • Large Enterprises

 

North America Employment Screening Services Market – By Country

  • US
  • Canada  
  • Mexico  

 

North America Employment Screening Services Market-Companies Mentioned

  • ACCURATE BACKGROUND, LLC
  • A-CHECK AMERICA, INC.
  • CAPITA PLC
  • FIRST ADVANTAGE
  • GOODHIRE
  • HIRERIGHT, LLC
  • INSPERITY, INC.
  • PINKERTON CONSULTING & INVESTIGATIONS, INC
  • STERLING TALENT SOLUTIONS
  • TRITON INC
  • VERITY SCREENING SOLUTIONS

TABLE OF CONTENTS

1.             Introduction

1.1       Scope of the Study

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1        North America Employment Screening Services Market – By Services

1.3.2        North America Employment Screening Services Market – By Background Screening

1.3.3        North America Employment Screening Services Market – By Verification

1.3.4        North America Employment Screening Services Market – By Application

1.3.5        North America Employment Screening Services Market – By Organization Size

1.3.6        North America Employment Screening Services Market – By Country

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             North America Employment Screening Services Market Landscape

4.1       Market Overview

4.1.1        North America PEST Analysis

4.2       Expert Opinion

5.             North America Employment Screening Services Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Demand for time efficient selection systems owing to rising number of job applicants

5.1.2        Increase in the mobile workforce and job immigrants owing to globalization

5.1.3        Need to mitigate risks for an organization on account of increasing fraudulent applications

5.2       Market Restraints

5.2.1        Lack of defined regulations in certain countries

5.2.2        Concerns related to confidentiality of individuals

5.3       Market Opportunities

5.3.1        Introduction of Big Data

5.4       Future Trends

5.4.1        Legal compliance

5.4.2        Demand of enterprise level software and database

5.4.3        Growing adoption of advanced technologies such as blockchain in employee screening industry

5.4.4        Modifications in background screening processes

5.4.5        Increase in Continuous Screening Processes Among Organizations

5.5       Impact Analysis of Drivers and Restraints

6.             Employment Screening Services Market – North America Analysis

6.1       North America Employment Screening Services Market Overview

7.             North America Employment Screening Services Market Analysis – By Services

7.1       Overview

7.2       North America Employment Screening Services Market Breakdown, By Services, 2020 & 2028

7.3       Background Screening

7.3.1        Overview

7.3.2        Background Screening Market Revenue and Forecasts to 2028 (US$ Mn)

7.3.3        Credit Check

7.3.3.1      Overview

7.3.3.2      Credit Check Market Revenue and Forecasts to 2028 (US$ Mn)

7.3.4        Criminal Record Check

7.3.4.1      Overview

7.3.4.2      Criminal Record Market Revenue and Forecasts to 2028 (US$ Mn)

7.4       Verification

7.4.1        Overview

7.4.2        Verification Market Revenue and Forecasts to 2028 (US$ Mn)

7.4.3        Qualification

7.4.3.1      Overview

7.4.3.2      Qualification Market Revenue and Forecasts to 2028 (US$ Mn)

7.4.3.3      Employment History Verification

7.4.3.3.1       Overview

7.4.3.3.2       Employment History Verification Market Revenue and Forecasts to 2028 (US$ Mn)

7.4.3.4      Reference

7.4.3.4.1       Overview

7.4.3.4.2       Reference Market Revenue and Forecasts to 2028 (US$ Mn)

7.4.3.5      Others

7.4.3.5.1       Overview

7.4.3.5.2       Others Market Revenue and Forecasts to 2028 (US$ Mn)

7.5       Medical & Drug Testing

7.5.1        Overview

7.5.2        Medical & Drug Testing Market Revenue and Forecasts to 2028 (US$ Mn)

8.             North America Employment Screening Services Market Analysis– By End-User Industry

8.1       Overview

8.2       North America Employment Screening Services Market Breakdown, By End-User Industry, 2020 & 2028

8.3       IT & Telecom

8.3.1        Overview

8.3.2        IT & Telecom Market Forecast and Analysis

8.4       BFSI

8.4.1        Overview

8.4.2        BFSI Market Forecast and Analysis

8.5       Government Agencies

8.5.1        Overview

8.5.2        Government Agencies Market Forecast and Analysis

8.6       Travel & Hospitality

8.6.1        Overview

8.6.2        Travel & Hospitality Market Forecast and Analysis

8.7       Manufacturing

8.7.1        Overview

8.7.2        Manufacturing Market Forecast and Analysis

8.8       Retail

8.8.1        Overview

8.8.2        Retail Market Forecast and Analysis

8.9       Healthcare

8.9.1        Overview

8.9.2        Healthcare Market Forecast and Analysis

8.10    Others

8.10.1     Overview

8.10.2     Others Market Forecast and Analysis

9.             North America Employment Screening Services Market – By Organization Size

9.1       Overview

9.2       North America Employment Screening Services Market Breakdown, by Organization Size, 2020 & 2028

9.3       Small and Medium-Sized Enterprises (SMEs)

9.3.1        Overview

9.3.2        SMEs Market Revenue and Forecasts to 2028 (US$ Mn)

9.4       Large Enterprises

9.4.1        Overview

9.4.2        Large Enterprises Market Revenue and Forecasts to 2028 (US$ Mn)

10.          North America Employment Screening Services Market – Country Analysis

10.1    Overview

10.1.1     North America Employment Screening Services Market Revenue and Forecast to 2028 (US$ Mn)

10.1.2     North America Employment Screening Services Market Breakdown, By Country

10.1.2.1    US Employment Screening Services Market Revenue and Forecast to 2028 (US$ Mn)

10.1.2.1.1    US Employment Screening Services System Market Breakdown, By Services

10.1.2.1.2    US Employment Screening Services Market Breakdown, By End-user Industry

10.1.2.1.3    US Employment Screening Services Market Breakdown, By Organization Size

10.1.2.2    Canada Employment Screening Services Market Revenue and Forecast to 2028 (US$ Mn)

10.1.2.2.1    Canada Employment Screening Services System Market Breakdown, By Services

10.1.2.2.2    Canada Employment Screening Services Market Breakdown, By End-user Industry

10.1.2.2.3    Canada Employment Screening Services Market Breakdown, By Organization Size

10.1.2.3    Mexico Employment Screening Services Market Revenue and Forecast to 2028 (US$ Mn)

10.1.2.3.1    Mexico Employment Screening Services System Market Breakdown, By Services

10.1.2.3.2    Mexico Employment Screening Services Market Breakdown, By End-user Industry

10.1.2.3.3    Mexico Employment Screening Services Market Breakdown, By Organization Size

11.          Impact of COVID-19 Pandemic on North America Employment Screening Services Market

11.1    North America: Impact Assessment of COVID-19 Pandemic

12.          Industry Landscape

12.1    Market Initiatives

12.2    Mergers and Acquisitions

12.3    New Developments

13.          Employment Screening Services Market - Company Profile

13.1    ACCURATE BACKGROUND, LLC

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.3    A-CHECK AMERICA, INC.

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4    CAPITA PLC

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.6    FIRST ADVANTAGE

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7    HIRERIGHT, LLC

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8    PINKERTON CONSULTING & INVESTIGATIONS, INC.

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9    STERLING TALENT SOLUTIONS

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10 TRITON INC.

13.10.1   Key Facts

13.10.2   Business Description

13.10.3   Products and Services

13.10.4   Financial Overview

13.10.5   SWOT Analysis

13.10.6   Key Developments

13.11 VERITY SCREENING SOLUTIONS

13.11.1   Key Facts

13.11.2   Business Description

13.11.3   Products and Services

13.11.4   Financial Overview

13.11.5   SWOT Analysis

13.11.6   Key Developments

13.12 GOODHIRE

13.12.1   Key Facts

13.12.2   Business Description

13.12.3   Products and Services

13.12.4   Financial Overview

13.12.5   SWOT Analysis

13.12.6   Key Developments

13.13 INSPERITY, INC.

13.13.1   Key Facts

13.13.2   Business Description

13.13.3   Products and Services

13.13.4   Financial Overview

13.13.5   SWOT Analysis

13.13.6   Key Developments

14.          Appendix

14.1    About The Insight Partners

14.2    Glossary of Terms

LIST OF TABLES

Table 1.             North America Employment Screening Services Market Revenue and Forecasts to 2027 (US$ Mn)

Table 2.             North America Employment Screening Services Market Revenue and Forecast to 2028 – By Country (US$ Mn)

Table 3.             US Employment Screening Services Market Revenue and Forecast to 2028 – By Services (US$ Mn)

Table 4.             US Employment Screening Services Market Revenue and Forecast to 2028 – By Background Screening  (US$ Mn)

Table 5.             US Employment Screening Services Market Revenue and Forecast to 2028 – By Verification (US$ Mn)

Table 6.             US Employment Screening Services Market Revenue and Forecast to 2028 – By End-user Industry (US$ Mn)

Table 7.             US Employment Screening Services Market Revenue and Forecast to 2028 – By Organization Size (US$ Mn)

Table 8.             Canada Employment Screening Services Market Revenue and Forecast to 2028 – By Services (US$ Mn)

Table 9.             Canada Employment Screening Services Market Revenue and Forecast to 2028 – By Background Screening (US$ Mn)

Table 10.          Canada Employment Screening Services Market Revenue and Forecast to 2028 – By Verification (US$ Mn)

Table 11.          Canada Employment Screening Services Market Revenue and Forecast to 2028 – By End-user Industry  (US$ Mn)

Table 12.          Canada Employment Screening Services Market Revenue and Forecast to 2028 – By Organization Size  (US$ Mn)

Table 13.          Mexico Employment Screening Services Market Revenue and Forecast to 2028 – By Services (US$ Mn)

Table 14.          Mexico Employment Screening Services Market Revenue and Forecast to 2028 – By Background Screening (US$ Mn)

Table 15.          Mexico Employment Screening Services Market Revenue and Forecast to 2028 – By Verification (US$ Mn)

Table 16.          Mexico Employment Screening Services Market Revenue and Forecast to 2028 – By End-user Industry  (US$ Mn)

Table 17.          Mexico Employment Screening Services Market Revenue and Forecast to 2028 – By Organization Size  (US$ Mn)

Table 18.          Glossary of Term: Employment Screening Services Market

LIST OF FIGURES

Figure 1.           North America Employment Screening Services Market Segmentation

Figure 2.           North America Employment Screening Services Market Segmentation – Country

Figure 3.           North America Employment Screening Services Market Overview

Figure 4.           US Held the Largest Share in North America Employment Screening Services Market in 2020

Figure 5.           North America Employment Screening Services Market, By Services ($Mn)

Figure 6.           North America Employment Screening Services Market, By Organization Size ($Mn)

Figure 7.           North America PEST Analysis

Figure 8.           North America Employment Screening Services Market, Impact Analysis of Drivers and Restraints

Figure 9.           North America Employment Screening Services Market Forecast and Analysis, (US$ Mn)

Figure 10.        North America Employment Screening Services Market Breakdown, By Services, 2020 & 2028 (%)

Figure 11.        North America Background Screening Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 12.        North America Credit Check Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 13.        North America Criminal Records Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 14.        North America Verification Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 15.        North America Qualification Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 16.        North America Employment History Verification Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 17.        North America Reference Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 18.        North America Others Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 19.        North America Medical & Drug Testing Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 20.        North America Employment Screening Services Market Breakdown, By End-User Industry, 2020 & 2028 (%)

Figure 21.        North America IT & Telecom Market Revenue and Forecast to 2027(US$ Mn)

Figure 22.        North America BFSI Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 23.        North America Government Agencies Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 24.        North America Travel & Hospitality Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 25.        North America Manufacturing Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 26.        North America Retail Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 27.        North America Healthcare Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 28.        North America Others Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 29.        North America Employment Screening Services Market Breakdown, by Organization Size, 2020 & 2028 (%)

Figure 30.        North America SMEs Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 31.        North America Large Enterprises Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 32.        North America Employment Screening Services Market Revenue by Country to 2028 (US$ Mn)

Figure 33.        North America Employment Screening Services Market Breakdown, By Country, 2018 & 2027(%)

Figure 34.        US Employment Screening Services Market Revenue and Forecast to 2028 (US$ Mn)

Figure 35.        Canada Employment Screening Services Market Revenue and Forecast to 2028 (US$ Mn)

Figure 36.        Mexico Employment Screening Services Market Revenue and Forecast to 2028 (US$ Mn)

Figure 37.        Impact of COVID-19 Pandemic on Market in North American Countries

  1. ACCURATE BACKGROUND, LLC
  2. A-CHECK AMERICA, INC.
  3. CAPITA PLC
  4. FIRST ADVANTAGE
  5. GOODHIRE
  6. HIRERIGHT, LLC
  7. INSPERITY, INC.
  8. PINKERTON CONSULTING & INVESTIGATIONS, INC
  9. STERLING TALENT SOLUTIONS
  10. TRITON INC
  11. VERITY SCREENING SOLUTIONS
  • To understand the North America employment screening services landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America employment screening services
  • Efficiently plan M&A and partnership deals in North America employment screening services by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America employment screening services
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
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