Welcome!

News Feed Item

Latest Study from First Advantage Reveals Employment Screening Trends in Asia Pacific

First Advantage, a Symphony Technology Group (STG) company and the leading global provider of screening analytics and identity solutions, today announced the release of its latest study, “First Advantage Employment Screening Trends Report: Asia Pacific, Q1 2014.”

With more and more multinational companies expanding their footprints in Asia Pacific, the challenges associated with hiring the right candidate have increased. Some of the key challenges in hiring suitable candidates are continually changing regional legislation surrounding anti-corruption, data privacy and consumer protection. The regular updating of the legalities in different countries complicates the background screening process, making it extremely difficult for the employers to perform proper background checks on their candidates, which can ultimately cost businesses a significant amount of revenue.

To help multinational organizations better understand the screening trends in the APAC market, First Advantage created the report: “First Advantage Employment Screening Trends Report: Asia Pacific.” The study reveals key macro and micro trends and provides the insight for organizations to benchmark their current programs against other employers and fine-tune their existing screening practices in the region.

The report is based on data drawn from 300,000 employment background verifications and reference checks conducted by First Advantage in APAC from January to March 2014. The screening results represent a cross-section of the company’s clients located in Japan, Korea, China, Hong Kong, Malaysia, Philippines, Singapore, Australia and New Zealand. Moreover, the report results are segmented under critical discrepancy types (employment, education, financial-related, database) and examines the discrepancy breakdown by country and by industry.

Key findings from the report include:

  • Close to 1 in 5 of all Asia Pacific employees have some form of background discrepancy.
  • The results indicate that there is close to a 50% inflation of discrepancies in Q1 2014 from the discrepancy trend of 2013 Q1. The sizable change was due to number of checks made per case and the total number of clients that availed First Advantage’s services.
  • The total number of checks done per case in the APAC region has gone up from 4 checks in Q1 2013 to 5 checks in Q1 2014. This increased number indicates that there is more awareness among companies about background screening services and the employers are also demanding better output.
  • The report shows that there is an overall increase in discrepancy rates (5.8%) compared to Q1 2013. There has been no change in the types of discrepancies faced since Q1 2013, employment checks still tops the chart here.
  • 18.9% of the discrepancies in the Asia-Pacific region are related to education of employees that is only a distant second to employment discrepancies that stands at 54.6%.
  • Results with a discrepancy in employment history have increased by 5.6% in Q1 2014 from Q1 2013, which constitutes close to 50 percent of all discrepancies in the Asia-Pacific region.
  • The study also reveals that more employers from different verticals in the Asia-Pacific region are screening their candidates. Australia and New Zealand top the list with 23.38% in Q1 2014, which is a significant increase from Q1 2013 when they stood at just 12.96%. This is followed by Singapore, which recorded 18.78% in Q1 2014.
  • 26% of the employers in the Asia Pacific region are now conducting more than 6 checks and above. They are 11 times more likely to uncover a discrepancy as compared to those who conduct only two checks (3%) or five checks (9%).
  • There has been a growing trend toward “infinity screening,” in which screening programs are extended to include contractors and vendors and to introduce periodic rescreening of existing employees, accounting for a drop in discrepancy rates in certain countries.

“Through this trends report, First Advantage seeks to help employers in Asia Pacific identify the current employment background verification trends and understand how they can optimize their screening programmes,” said Matthew Glasner, Managing Director of South APAC at First Advantage. “We are seeing a significant increase in discrepancies in region and this further highlights the importance of using state-of-the-art screening practices available to ensure companies know who they are hiring, thereby mitigating the business loss associated with a wrong hire.”

First Advantage is the leading provider of background screening in the world and the largest in Asia Pacific. First Advantage conducts around 23 million global background checks annually.

For a complimentary copy of the “First Advantage Employment Screening Trends Report: Asia Pacific,” please contact Chin Wei Chong at [email protected].

About First Advantage

First Advantage provides comprehensive screening, identity and information solutions that give employers and housing providers access to actionable information that results in faster, more accurate people decisions. With an advanced global technology platform and superior customer service delivered by experts who understand local markets, First Advantage helps customers around the world build fully scalable, configurable screening programs that meet their unique needs. Headquartered in Alpharetta, Ga., First Advantage has offices throughout North America, Europe and Asia. More information about First Advantage can be accessed at www.fadv.com.

About Symphony Technology Group

Symphony Technology Group (STG) is a strategic private equity firm with the mission of investing in and being a partner in building great software and services companies. In addition to capital, STG provides transformation expertise to enable its portfolio companies to deliver more value to clients to retain and attract the best talent and to achieve best-in-class business performance. All STG portfolio companies are expected to grow through innovation. STG’s current portfolio consists of 12 global companies with combined revenue of approximately $2.5 billion and thousands of employees spread across North America, Europe and Asia. For more information, please visit www.symphonytg.com.

Note to editors: Trademarks and registered trademarks referenced herein remain the property of their respective owners.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Val...
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
SYS-CON Events announced today that Twistlock, the leading provider of cloud container security solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Twistlock is the industry's first enterprise security suite for container security. Twistlock's technology addresses risks on the host and within the application of the container, enabling enterprises to consistently enforce security policies, monitor...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
@ThingsExpo has been named the Most Influential ‘Smart Cities - IIoT' Account and @BigDataExpo has been named fourteenth by Right Relevance (RR), which provides curated information and intelligence on approximately 50,000 topics. In addition, Right Relevance provides an Insights offering that combines the above Topics and Influencers information with real time conversations to provide actionable intelligence with visualizations to enable decision making. The Insights service is applicable to eve...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Back in February of 2017, Andrew Clay Schafer of Pivotal tweeted the following: “seriously tho, the whole software industry is stuck on deployment when we desperately need architecture and telemetry.” Intrigue in a 140 characters. For me, I hear Andrew saying, “we’re jumping to step 5 before we’ve successfully completed steps 1-4.”
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...