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Middle East & Africa Employment Screening Services Market Forecast to 2028 - COVID-19 Impact & Regional Analysis By Services, End-User Industry, & Organization Size

Middle East & Africa Employment Screening Services Market Forecast to 2028 - COVID-19 Impact & Regional Analysis By Services, End-User Industry, & Organization Size

  • July 2021
  • 103 pages
  • ID: 6134684
  • Format: PDF
  • The Insight Partners

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The employment screening services market in MEA is expected to grow from US$ 185.96 million in 2021 to US$ 251.47 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028. Introduction of Big Data is one of the key factors bolstering the market growth in the MEA. Big Data refers to data collected from huge groups. The internet has been a one of the prime factors driving the Big Data application in employee screening market. Internet has made it easy for social networking sites, search engines, marketers, and other sources to collect huge volumes of information about job candidates and employees. The extracted information can be used by companies to create employee wellness programs, improve their healthcare policies, and update internal promotion processes. According to the American Statistical Association (ASA), 53% of the HR departments use Big Data to help make strategic decisions for recruitment and selection as well as to manage talent and performance. Big Data offers merged information that shrinks unfairness in employment judgments and help employers make better decisions regarding recruitment, appraisal, and performance evaluations. Big Data, when paired with advanced techniques, can make the process of selection of right candidates more effective, along with strengthening the ability to recognize talent as well as assisting in overcoming implicit and explicit biasness in the work area, thereby raising equality in access to jobs. Big Data brings in huge opportunities in recruitment and employee screening process and is likely to emerge as one of the significant tools for employers.

Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the main countries facing the impact of COVID-19 in the MEA. Saudi Arabia’s economy shrank by 7% in the Q2 2020, and unemployment reached a new high of 15.4% during the same period. According to the General Authority for Statistics, both the private and public sectors experienced negative growth rates of 10.1% and 3.5%, respectively. These adversities have significantly contributed to unemployment across the Middle East, thereby negatively impacting the employment screening services market performance. Similarly, in Q4 2020, unemployment rate in South Africa reached a new peak of 32.5%, implying that 7.2 million people were unemployed. However, with the slowly fading effect of COVID-19 across the MEA, leading to the normalization of industries, the demand for skilled employees is also on rise, which is likely to propel the employee screening services market growth across the region in the coming years.

The large enterprises segment led the employment screening services market based on organization size type in 2020.Large enterprises have higher productivity growth and have the most significant employment shares.

Employee screening services help employers from the large enterprises to get a clear idea of a candidate irrespective of the data shared by the candidate during the interview process.Significant awareness regarding the importance of employee screening services and the growing tendency of providing fake data among job applicants are compelling large enterprises to hire professional background verifiers.

As per the study by the Society of Human Resource Management, more than 50% of job applications received from candidates include false details of past employment history and educational background. Thus, to eliminate such candidates from the applicant pool, it is crucial to carry out employee screening tests, which is boosting the demand for employment screening services.
The overall MEA employment screening services size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the MEA employment screening services with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the MEA employment screening services. CAPITA PLC; FIRST ADVANTAGE; HIRERIGHT, LLC; PINKERTON CONSULTING & INVESTIGATIONS, INC; STERLING TALENT SOLUTIONS. are among a few players operating in the MEA employment screening services

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