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

Globalization and technological advancements has transformed the world into a small place. Multinational companies have leveraged this to optimally expand their footprints across the globe. The sheer speed of globalization and technological advancements have metamorphosed the world into a small place. Multinational companies have leveraged this to expand their footprints across the globe. Most of them are looking at developing across countries because of the available pool of young, educated candidates. Job seekers too are moving across borders in search of more sophisticated roles and greater opportunities. While the benefits to employers are clear, this trend is not without its shortcomings.

 

Companies have to become more cautious due to the recent surge in crime and fraud. First Advantage has found that, to avoid any unwarranted and compromising situations, more companies in Asia Pacific are now screening their employees. Even though the concept of background screening is relatively new in the region, it is picking up rapidly pace. Accepting it as a best practice, more employers are making background screening an integral part of their recruitment process.

 

Unlike reference checks, background screening is a complex process that involves multiple stakeholders, including education institutes and former employers. Other challenges include local, national and international legislation around anticorruption, data privacy, and consumer protection. These can quickly muddle the screening process, making it a challenge to efficiently perform a background check, especially if the candidate has lived or worked in several countries.

 

In Asia-Pacific, most employers conducted an average of five checks as part of every background screening request to First Advantage. In 2014, more than 67% of all candidates were subjected to five checks, as compared to 42% in 2013. This trend is particularly prevalent in Singapore, Hong Kong, Australia, and New Zealand where more than 50% of all candidates were subjected to six or more checks. Compare this to just 30% of candidates in China and Malaysia.

 

With the rise in crime, screening for criminal data has become a priority for many employers, although employment and education checks continue to top the list. Financial-related checks are also gaining popularity.

 

Launch of the Employee Discrepancy Trends Report

 

With the objective of helping employers better manage recruitment risk, First Advantage, a leader in background reporting in Asia-Pacific, has developed the Employee Discrepancy Trends Report to share employment screening trends in the region.

 

First Advantage offers comprehensive screening programs to more than 2,000 companies throughout Asia-Pacific. We have deployed state-of-the-art technology to ensure accuracy and reduce the time needed for these background checks. Our customer base includes the world’s largest financial services organizations, retailers, IT companies, BPO, manufacturing, pharmaceutical companies, and many others.

 

To help companies better understand what is happening at the macro and micro level within this prolific region, this report compiles our deep understanding of localized cultures and compliance requirements with detailed screening statistics gathered from our vast Asian customer base. It highlights fresh trends that employers can  use to fine-tune their existing screening practices and benchmark their current program results against others in the region. The report covers Japan, Korea, China, Hong Kong, Malaysia, the Philippines, Singapore, Australia, and New Zealand.

 

We continue to encourage our users to review this report as a background screening health check and a useful guide to make better hiring decisions.

 

You can receive a complimentary copy of the 2015 APAC Background Screening Trends Report when  you sign up for our webinar — Counting the Cost of a Wrong Hire: Nearly 1 in 5 CVs in APAC Contain Major Discrepancies in Employment Background Information.

 

Click here to register today!

 

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