FMCG Sector ShowsDiscrepancy Trends in Q1-23.
MUMBAI, India and BENGALURU, India, June 17, 2023: First Advantage Corporation (NASDAQ: FA), a leading global provider of employment background screening and verification solutions, announces the publication of its Q1 2023 India Employment Screening Trends Report. The 34-page document is a compilation of anonymized data and analytics from the Company’s background screenings performed for its customers in the Indian market in the first quarter of 2023.
In Q1-23, Industries such as BFSI, FMCG, E-Commerce & Logistics, Retail and Telecom
showed substantially greater discrepancy percentages than the overall average of 11.5%.
Other notable findings include:
· Discrepancy percentage in the FMCG sector increased from 6.2% in Q4-22 to 25.4% in Q1-23.
· For Employment Verifications: IT, BFSI, Consulting, FMCG, E-commerce & Logistics, Manufacturing, Healthcare & Pharma sectors have shown a higher inclination towards alternate modes of verification.
· In Q1-23, sectors like BFSI, Education, IT, Manufacturing and Staffing accepting a higher percentage of alternate modes for conducting address verifications.
