Ranked by number of employment-related screenings performed in past 12 months, most recent data available.
Published: November 6, 2006
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STATE OF THE INDUSTRY
The pre-employment background screening industry represents a $2 billion
domestic market, according to KPMG. The top screening firms listed here account
for 78.2 million screenings within the past year. Most of the larger screening
firms are rapidly expanding their global services, although few have developed
an extensive physical presence overseas.
The screening industry is in a state of
massive consolidation, with the larger companies buying up scores of smaller
firms and rapidly expanding market share and geographic reach. Size is an
advantage, with the larger firms better positioned to make critical investments
in technology and staffing and able to handle increasingly complex compliance
requirements. Pricing remains the key factor in driving client purchasing
decisions, according to KPMG. Costs are falling with the proliferation of
searchable databases and the continued automation of the interaction between
clients and providers.
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