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Employment Screening Services Market to Reach $16.8 Billion, Globally, by 2032 at 11.1% CAGR: Allied Market Research

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The global employment screening services market is experiencing growth due to the rise in demand for improved quality of workforce, enhanced regulatory compliance with respect to employment, and merits associated with employment screening in organizations

WILMINGTON, Del., Aug. 2, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Employment Screening Services Market by Services (Criminal Background Checks, Education & Employment Verification, Credit History Checks, Drug & Health Screening, and Others), and Application (Healthcare, IT/Technology/Media, Financial Services, Staffing, Retail, Industrial, Travel and Hospitality, Government and Education, Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032″. The global employment screening services market were valued at $6.3 billion in 2023 and is estimated to reach $16.8 billion by 2032, exhibiting a CAGR of 11.1% from 2024 to 2032.

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124 – Tables
69 – Charts
250 – Pages

Prime Determinants of Growth 

The requirement for businesses to maintain a secure and effective workplace is what primarily motivates the use of employment screening services. Through the verification of potential employees’ credentials, background, and integrity, this approach reduces risks. Businesses try to avoid problems like theft, fraud, and violence in the workplace, which can arise from employing people with concealed criminal histories or exaggerated credentials. Employment screening also aids in preserving adherence to legal mandates and industry norms. Businesses safeguard their brand, build client trust, and create a safe work environment by carefully screening individuals. These actions eventually improve operational effectiveness and staff morale.

Report Coverage & Details:

Report Coverage

Details

Forecast Period

2024–2032

Base Year

2023

Market Size in 2023

$6.3 Billion

Market Size in 2032

$ 16.8 Billion

CAGR

11.1 %

No. of Pages in Report

250

Segments Covered

Services, Application, and Region.

Drivers

Rise in adoption of contactless payment methods

Growth in regulatory support and government initiatives

Surge in cases of data breaches and identity thefts

Opportunities

•  Rise In Remote Working Environment

•  Increase In Instances of Faking Experoences Across the Globe

Restraints

High cost of biometric payment cards

Increase in security & privacy concerns among businesses

Opportunities

Rise In Integration of AI For Remote Hiring

Restraint

Rise In Automated Solutions for Employment Screening

Purchase This Comprehensive 250-Page Report (PDF with Insights, Charts, Tables, and Figures) @  https://bit.ly/3WtzyRJ 

Segment Highlights

The global employment screening services market is segmented based on services and applications. Based on services, the market is classified into criminal background checks, education & employment verification, credit history checks, drug & health screening, and others. Based on application, the market is segmented into healthcare, IT/technology/media, financial services, staffing, retail, industrial, travel and hospitality, government and education, transportation, and others. 

The Criminal Background Checks segment dominated the market in 2023

Criminal background checks are essential for job screening services since they support integrity and safety in the workplace. Companies can lower the danger of theft, fraud, and violence within the company by making educated hiring decisions based on the identification of prior criminal conduct. This procedure creates a safe and reliable work environment by safeguarding clients, staff, and company property. Criminal background checks also help to ensure adherence to industry and legal norms, which is crucial for minimizing risk and protecting the company’s brand. All things considered, these audits play a critical role in encouraging a culture of dependability and safety, which supports the organization’s long-term performance.

The Financial Services segment accounted for the highest share in 2023

Owing to strict regulations and pressing need for security and trust, the financial services sector holds a bigger market share for employment screening services. Financial institutions are easy targets for fraud and other financial crimes since they manage sensitive data and substantial sums of money. Extensive screening guarantees that staff members have the honesty and dependability required to carry out these duties. This includes credit history and criminal background checks. Furthermore, extensive screening procedures are required in order to meet strict compliance criteria, like those set by FINRA and the SEC. This emphasis on thorough screening reduces risks, protects investments, and upholds consumer confidence.

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Regional Outlook

North America accounted for the highest share in the global employment screening services market in 2023.  North America stands out as one of the premier hubs for the IT industry, attracting a surge of immigrants in pursuit of employment opportunities, thereby propelling market growth. This influx has led many large organizations in the U.S. to embrace robust employment screening services, driven by the necessity to verify the backgrounds of international candidates and select the most qualified individuals for positions. Moreover, stringent governmental regulations in both the U.S. and Canada regarding the screening of potential employees are anticipated to present lucrative prospects for the market. A prime example is the Fair Credit Reporting Act (FCRA) in the U.S., which mandates background checks across various industries, facilitating organizations in assessing criminal histories and securing suitable candidates for roles. These factors are contributing to the growth of the employment screening services market in North America. 

Players: –

ADP LLCCapita PLCCareerBuilder LLCExperianFirst AdvantageHireRight LLCInsperityPaychex, Inc.Paycor, Inc.REEDSterling Talent SolutionsAccurate

The report provides a detailed analysis of these key vendors in the global employment screening services market. These players have adopted different strategies such as new development, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, portfolio, and strategic moves of market vendors to showcase the competitive scenario. 

Recent Development

In September 2023, Brand Kraken announced the launch of global employment background screening and drug testing services. These new services are aimed to set higher accuracy and customer service standards.In May 2021, Experian launched a new employer services business & real-time income and employment verification solution for supporting the collective recovery of businesses and consumers.

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Employment Screening Services Market Key Segments:

By Services

Criminal Background ChecksEducation and Employment VerificationCredit History ChecksDrug and Health ScreeningOthers

By Application

HealthcareIT/Technology/MediaFinancial ServicesStaffingRetailIndustrialTravel/HospitalityGovernment/EducationTransportationOthers

By Region

North America (U.S., Canada)Europe (France, Germany, Italy, Spain, UK, Rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa)

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Technology

YesWelder’s Firstess DP200: Redefining Welding for Everyone

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NEW YORK, Sept. 20, 2024 /PRNewswire/ — YesWelder has solidified its reputation as a leader in the welding industry with the introduction of its latest innovation—the Firstess DP200. This multi-process welding machine is designed to be accessible for both seasoned professionals and complete beginners, significantly lowering the barriers to entry for welding. Thanks to its intuitive design and user-friendly features, even those with no prior experience can get started with ease. These innovations have earned the DP200 widespread acclaim, with its success echoed in an outstanding crowdfunding campaign that shattered expectations.

Introducing the YesWelder Firstess DP200

The Firstess DP200 equipped with cutting-edge features like the YesWelder PulseFlex™ System and AdaptivePulse™ technology, with its 200A power output and dual voltage capability (120V/240V), the DP200 is adaptable to any environment, from home garages to professional workshops. The 7-inch screen provides optimal visibility, featuring adjustable brightness and multi-angle viewing for easy operation even in low-light conditions. These features, combined with its IntuiWeld™ UI, make the DP200 intuitive and user-friendly, whether you’re a beginner or an experienced welder.

Crowdfunding Success

The launch of the Firstess DP200 on Kickstarter has been a resounding success. From the moment it went live, the welding community rallied behind the campaign, drawn in by the machine’s powerful capabilities and competitive pricing. In just five hours, the DP200 crossed the $1 million mark in sales—a remarkable achievement that underscored the demand for high-quality, affordable welding equipment. The overwhelming response from backers demonstrates the growing excitement around the DP200 and its potential to transform the welding experience for a wider audience. As of today, the campaign has raised over $2.4 million.

YouTube Creators Amplify the Buzz

From seasoned welders to hobbyists, Many of these creators have shared in-depth reviews, tutorials, and demonstrations of the DP200, highlighting its impressive features and capabilities.YouTubers have praised the Firstess DP200 for its ease of use, versatility, and precision. The PulseFlex™ and AdaptivePulse™ technologies have been singled out for their ability to provide fine-tuned control, making even complex welding tasks more manageable. The intuitive interface and large display have also been widely appreciated, with creators noting how these features make the machine accessible to welders of all skill levels.

 

These reviews have not only showcased the DP200’s performance but have also played a crucial role in building trust and excitement around the product. For potential buyers, seeing real-world feedback from trusted influencers has reinforced the machine’s value and capabilities.

Community-Driven Development

The Firstess DP200 is more than just a welding machine—it’s a testament to YesWelder’s commitment to its community. From initial concept to final testing, the development of the DP200 was guided by real-world feedback from welders. This collaborative approach ensured that the machine addresses the actual needs of users. Many of its thoughtful, user-friendly features—such as software upgradability, the ability to store up to 50 custom parameter sets with detailed notes (MIG/MAG), and comprehensive accessory options—are direct responses to suggestions from the welding community.

This focus on user input ensures that the DP200 not only meets expectations but exceeds them, offering a solution that feels tailor-made for welders. YesWelder’s dedication to blending innovation with affordability sets it apart, making the DP200 a true game-changer for anyone looking for a versatile and reliable welding solution.
 The DP200 goes beyond being just a tool—it’s part of YesWelder’s vision to open up the world of welding to more people, making the craft accessible and enjoyable for everyone.

At YesWelder, we believe welding is more than a skill—it’s a way to create, to build, and to connect. By breaking down barriers, we’re inviting more people to experience the joy and satisfaction that welding brings. Whether you’re just getting started or ready to level up, the Firstess DP200 is here to help you take that next step. Ready to make your mark? Stay Cool, Weld Hot.

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SOURCE YesWelder

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Yardi Aspire LMS Introduces Self-Service Course Catalog to Enhance Client Experience

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New feature allows Aspire administrators to review and select Yardi-authored training courses directly to their university

SANTA BARBARA, Calif., Sept. 20, 2024 /PRNewswire/ — Yardi® Aspire is thrilled to introduce its self-service course catalog, a new feature that allows Aspire Plus and Aspire Premium clients to manage Yardi-authored training courses directly within their company university.

 

 

Now clients can review, search and manage, instantly copying courses from within their university. Allowing clients on-demand access to the catalog of courses streamlines the process of acquiring the content they need.

“The self-service catalog empowers our clients by removing the need to take time to create cases for content requests,” said Patty Evans, industry principal for Yardi Aspire. “They now have direct access to manage and add the training they need, when they need it, without added steps.”

Key benefits of the new self-service course catalog:

Enhanced catalog visibility: Clients can browse the full Aspire course catalog, accessing detailed descriptions, learning objectives and course durationsImmediate access to new courses: New and recently updated courses are instantly available, helping clients keep training programs currentAdvanced search filters: With options to search by roles, skills, keywords, tags and duration, clients can easily identify training content that addresses specific business needs or skill gapsEffortless Yardi software training integration: Aspire makes it simple to incorporate Yardi software training with new implementationsFull control over course status: Clients can customize course privacy settings during the copy process, ensuring the content is visible to the appropriate roles within their team

“We are always focused on evolving our platform to make life easier for our clients. This new feature puts them in control, making it faster and simpler to customize their training offerings,” Evans said.

With this self-service functionality, Aspire enables clients to gain instant access to vital training resources as they become available and as client needs arise. Contact us today to schedule a demo and explore the self-service catalog.

About Yardi

Celebrating its 40-year anniversary in 2024, Yardi® develops industry-leading software for all types and sizes of real estate companies across the world. With 9,500 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energized for Tomorrow, visit yardi.com.

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SOURCE Yardi

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Asymbl, Inc. Announces Inclusion in Salesforce’s Agentforce Partner Network with Asymbl Recruiter Agent

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Customers can automate and stream staffing and recruitment workflows through Asymbl Recruiter Agent for Agentforce 

AUSTIN, Texas, Sept. 20, 2024 /PRNewswire/ — Asymbl, Inc. today announced they have joined Salesforce’s Agentforce Partner Network , a global ecosystem of partners building new third-party agents and agent actions for Agentforce accessible through the Salesforce AppExchange. With Asymbl’s Recruiter Agent, customers can leverage intelligence and automation to streamline the recruiter workflow for greater success, accelerating candidate identification, creating job descriptions effortlessly, scheduling interviews seamlessly, summarizing interview feedback, and optimizing speed to placement. By automating these time-consuming tasks, recruiters can focus on what they do best—building meaningful interactions with candidates and hiring managers, rather than being bogged down by administrative work.

Agentforce is a suite of autonomous AI agents designed to support humans by automating tasks across various industries, enhancing efficiency, and scaling operations. The Agentforce Partner Network enables Agentforce to plan, reason and perform tasks by integrating with a broad range of technology and data providers, enabling them to execute complex actions on behalf of users.

Asymbl’s agent action for Agentforce can be integrated into the customer’s existing Salesforce agents in Agent Builder or discovered on Salesforce AppExchange, the leading enterprise cloud marketplace.

With the announcement of the Agentforce Partner Network, businesses have access to more than 20 agents and agent actions, leveraging partners’ purpose-built technology and domain expertise. Partner-built agents enable faster deployment of pre-built solutions, reducing both development time and costs, while extending the value of the tools businesses already rely on.

Customers can expedite time to placement and optimize the recruiter workflow through Asymbl Recruiter Agent’s agent actions. Key features include:

Intelligent Candidate Identification: Powered by Agentforce and Salesforce Data Cloud, Asymbl Recruiter Agent leverages results from partner applications for traditional resume matching and goes further by analyzing interactional data from an extensive range of data points and past interactions with candidates and hiring managers to rapidly identify the best-fit candidates.

Effortless Job Description Creation: Quickly generate, refine, and share job descriptions based on existing data and hiring manager preferences, saving valuable time that would otherwise be spent drafting descriptions manually.

Autonomous Interview Scheduling: Schedule interviews with candidates seamlessly with real-time availability, minimizing the usual back-and-forth involved in coordinating schedules.

Comprehensive Interview Feedback Summaries: Generate detailed summaries from the interviewer’s feedback in seconds, enabling recruiters to make faster and more informed hiring decisions.

With these capabilities, Asymbl Recruiter Agent’s agent actions accelerate the entire recruiter workflow, making it more efficient and effective for staffing firms and corporate recruiters looking to optimize their workflows and achieve faster placements.

“I’ve been part of the Salesforce ecosystem for 20 years and have worked in the talent management, staffing, and recruitment industries for just about as long. I’ve never experienced a more exciting moment for growth, innovation, and immediate impact,” said Brandon Metcalf, CEO and Founder of Asymbl, Inc. “The energy around AI today, coupled with the groundbreaking advancements and impact we’re achieving through our collaboration with Salesforce, is driving immediate and transformative change in staffing and recruiting. With Agentforce, we are moving into the third wave of AI where intelligent agents are not just a concept—they are here, and they are reshaping how we work and succeed.”

“By partnering with Asymbl, we gain the flexibility to adapt and lead in a competitive market, ensuring our strategies are both innovative and future-proof,” said Rob Lowry, Chief Delivery Officer at Apex Systems. “The collaboration between Asymbl and Salesforce has been important to Apex. Asymbl being an initial partner in the Agentforce Partner Network highlights their commitment to pushing the boundaries of recruitment technology. We’re excited about the Asymbl Recruiter Agent and its potential to simplify recruitment, accelerate hiring decisions, and enhance our ability to deliver value to clients.”

“Salesforce’s leading partner ecosystem is at the forefront of the AI enterprise, where humans and AI come together through autonomous Agents and Agent Actions,” said Brian Landsman, EVP, Global Technology Partners, Salesforce. “These latest innovations boost scale, efficiency, and satisfaction across a variety of use cases, while enabling Agents to execute complex tasks across an organization’s technology stack. We look forward to seeing our customers take full advantage of these and experience better business outcomes.”

Asymbl Recruiter Agent is available to be previewed here.    

Additional Resources

Follow Asymbl, Inc. on LinkedInFollow Salesforce on LinkedIn and XCheck out the AppExchange Agentforce CollectionLearn more about Salesforce unveiling of Agentforce

Salesforce, Salesforce Agentforce Partner Network, Agentforce, Salesforce Data Cloud and others are among the trademarks of Salesforce, inc.

About Asymbl, Inc.

Asymbl, Inc. is an innovative technology company within the Salesforce ecosystem, driving transformative growth through its two core brands. Asymbldelivers cutting-edge staffing and talent management software to optimize recruitment workflows, while Blueprint Advisory provides strategic advisory, consulting, and managed services to help organizations navigate digital transformation and maximize their Salesforce investments.

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SOURCE Asymbl, Inc.

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