Uptick in Background Screening Suggests Rebounding Job Market
Hiring rates at six-month high for Kroll clients in EMEA
LONDON, UK, June 14, 2010 – Kroll’s Background Screening division in the UK has reported a sharp increase in pre-employment screening requests over the past six months, indicating that employment rates are growing faster than expected.
Analysis of Kroll’s top 20 clients in Europe, the Middle East and Africa (EMEA) reveal a significant increase in hiring levels across a range of industries. As of May 2010, Kroll’s cross-sector screening volume increased 111% compared to six months ago within this sample.
Kroll’s figures show encouraging signs of a return to stability and growth amongst the region’s top businesses. The number of screenings from Kroll’s FTSE 100 clients increased at the highest rates (185% increase over the past six months). Companies in the financial services sector experienced a 115% rise, and non-financial services industries experienced a 108% rise for the same period.
“These rapid growth rates exceed any seasonal variations we would expect” said Jim Foley, Managing Director of Background Screening at Kroll. “Whilst it is too early to know if the growth rate is sustainable, it is certainly a good indicator of rising confidence in the marketplace.”
Kroll predicts pre-employment screening volumes to rise further still throughout the remainder of Q2.
About Kroll
Kroll, the world's leading risk consulting company, performs a wide range of investigative, intelligence, financial, security, and technology services through offices in more than 55 offices in 27 countries. Kroll is a subsidiary of Marsh & McLennan Companies, Inc. (NYSE: MMC), the global professional services firm.
About Kroll’s Background Screening Division
The Background Screening division of Kroll serves organizations worldwide with comprehensive screening solutions that help them make empowered decisions and mitigate risks through industry-leading expertise and cutting-edge technology. The accurate, compliant, and timely information that Kroll supplies helps its clients make informed choices in critical areas such as employment, supplier selection, investment placement, and institutional admissions.