Background Verification Trend Report for FY’24
Our analysis of millions of verification data points reveals some key trends:
- 44% increase in discrepancies found during employment verification
- The telecommunication sector saw an 18% rise in verification discrepancies
- 12 out of every 100 candidates were flagged for moonlighting
What’s in the Annual Trend Report released by AuthBridge?
AuthBridge has analysed over 20 million background verification cases spanning white-collar, blue-collar, and gig workers across different industries.
The report reveals critical discrepancy trends by employee category and industry, while also diving into the latest advancements in background verification, including AI and machine learning-powered solutions.
Get The 2024 Background Verification Trend Report
White-Collar Checks Indicate A SIGNIFICANT Rise In Discrepancies
Insight #1
15 out of every 100 checked Employees FAILED the Employment Check
Discrepancies in education verification and court record checks are also climbing, revealing deeper risks.
For a detailed breakdown of these trends and insights to protect your hiring process, download the full report now.
Are Gig Workers Joining Your Organisation With Fake Documents?
Insight #2
19 out of 100 Gig Workers FAILED the Address Check
From FY 20-21 to FY 23-24, discrepancy rates rose by 12.5%, with address and court record checks seeing the largest increases.
Companies hiring gig workers now face growing challenges in ensuring trust—download the full report to understand these challenges.
Industry-wide Discrepancy Trends Paint A Concerning Picture
Insight #3
The Telecom Sector is at HIGH-RISK with an 18.2% discrepancy rate
This troubling trend isn’t limited to telecommunications; industries like BFSI, pharma, and IT are also grappling with increasing discrepancies, threatening trust and stability across the board.
It’s essential to take a closer look at these industry-wide patterns and act decisively to safeguard your organization against potential risks.
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