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First Advantage Corporation provides global software and data for HR technology, including identity solutions, criminal background screening, credential verifications, drug and health screening, and continuous risk monitoring. Its updates center on employment screening demand, digital identity and verification services, AI-enabled platforms, proprietary data assets, and customer needs across the employee lifecycle.
Recurring news also covers quarterly results, guidance, cash flow, debt prepayments, share repurchase activity, investor conference participation, and industry research such as global background screening trends for HR leaders and job seekers.
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First Advantage Corporation (NASDAQ: FA) has released its 2023 Annual Trends Report, analyzing over 100 million background screens conducted in 2022. This fifth annual report highlights key trends emerging from the evolving labor market, with a particular focus on risk management becoming employers' top priority in background checks, especially in regulated industries. Notable findings include:
- 65% of organizations value applicant experience for enhancing employee satisfaction.
- 16% reduction in turnaround times for county criminal searches due to improved automation.
- 37% increase in the use of instant oral fluid drug tests from 2021 to 2022.
- 20% more companies are revisiting their screening programs compared to pre-pandemic levels.
First Advantage anticipates further insights in an upcoming webinar on May 11, 2023.
First Advantage Corporation (NASDAQ: FA) announced its new Profile Advantage® and product bundles at the Collaborate 2023 user conference in Las Vegas on April 13, 2023. The solutions aim to enhance the applicant experience in the employment background screening sector by offering curated bundles that include services like identity verification, drug screening, and tax credit services. With the next-generation Profile Advantage, First Advantage is streamlining the recruitment process for thousands of customers, enabling companies to customize service bundles according to their needs. This innovation is expected to improve efficiency in hiring and onboarding, aligning with industry best practices.
First Advantage Corporation (NASDAQ: FA) has announced it will release its first quarter 2023 financial results on May 10, 2023, prior to an earnings conference call scheduled at 8:30 a.m. EDT. Interested participants can join the call by dialing (800) 267-6316 domestically or (203) 518-9783 internationally. The call will also be available through a live webcast on the company's investor relations site.
As a global leader in employment background screening, First Advantage serves approximately 33,000 clients in over 200 countries, providing essential services to help organizations manage risk effectively.