Over the past few years, our industry has seen a growing demand for more efficient and impactful candidate screening technologies. The necessity to stay apprised of the top industry trends and use cases in an industry as fast-changing as ours is critical to a business’s success. Luckily, organizations such as the Professional Background Screening Association (PBSA) provide in-depth analysis on these changing trends.
The recently released annual report ‘Trends and Uses in Today’s Global Economy,’ holds key insights on where the background screening industry currently stands, and the direction it is headed.
The most important takeaway from the PBSA report is that background screening is both prevalent and growing. According to the research, 94% of organizations use some level of screening process when hiring a new candidate. The top three reasons are:
- Protection. Companies want to protect the safety of their employees and customers
- Quality Control. Companies want to improve the quality of their hires
- Laws. Some industry regulations mandate the use of background screenings
Additionally, the practice of screening individuals continues to grow. From 2019 to 2020, the screening of full-time employees jumped from 86% to 90%; this pattern of growth is seen year over year, demonstrating the steady increase in background screening needs.
However, there still remain significant issues that the current background screening process must address. According to the PBSA report, challenges with checks, costs and the lengthy wait time for results are hurdles companies regularly face when conducting screenings, and directly impact finding and onboarding the best talent. Fortunately, at Accurate we eagerly tackle these challenges head-on. We strive to disrupt the traditional HR hiring process by delivering streamlined background screening solutions, to improve the quality of hires and retention, and to meet the high-standards companies set when it comes to finding the best future employees.
At Accurate, we are on a mission to build a better background check experience. For over 23 years, we have innovated the way companies and candidates connect, and we are not slowing down. The PBSA annual report is both validation of our progress, and a welcome challenge – to continue evolving, growing our technology, and addressing our customer’s needs. After all, we are an organization devoted to boldly building the teams and cultures that power our clients’ success.
For more information on employment background screenings, check out our new webinar series, “Behind the Screen,” now open to registration.
