HireRight announces the launch of its 2024 Global Benchmark Report, compiled from extensive surveys of HR and talent acquisition experts across regions.
Importance of Accuracy: Nearly three-quarters of global respondents prioritize accuracy over speed and cost when selecting screening providers.
Risk Mitigation: A significant majority focus on mitigating the cost of bad hires through thorough employment screening processes.
Acceptance of AI: Many respondents are comfortable with AI and automation in screening processes to enhance efficiency and reduce human error.
Regional Insights:
North America: Undisclosed criminal records are frequently found discrepancies.
EMEA and APAC: Employment and education discrepancies are more commonly identified during screenings.
Compliance and Risk Management:
A substantial portion of respondents view non-compliance with regulations as a major business risk, emphasizing the need for compliance expertise in screening providers.
Talent Acquisition Concerns:
Economic uncertainty and finding qualified candidates remain top concerns across all surveyed regions.
Future Outlook:
Expectations for remote and hybrid work models vary across regions, with significant percentages anticipating growth in adoption by the end of 2024.
Stephen Spears, Chief Revenue Officer at HireRight, highlights the report’s insights as essential for guiding organizations’ talent strategies amidst evolving employment landscapes.
