An Overview on the Background Check and PI Services Industry
The background check and PI services industry is made up of trained professionals who gather, analyze, compile, and present information relating to the occurrences of unlawful acts. Private investigators are hired to search for information concerning legal, financial, and personal matters, and background check professionals are trained to look into an individual’s criminal history.The organizations most likely to hire background check and PI professionals include investigation and security services, credit intermediation companies, legal services, and local governments. As a whole, this industry is growing at a rapid pace. As such, there is a need to attract top-quality candidates to sustain this growth, and a great way to do this is by providing comprehensive background check and PI services employee benefits packages. Typically, this includes access to health, dental, and vision insurance, as well as disability coverage, a life insurance policy, retirement benefits, and ample paid vacation time.
There are about 24,441 background check and PI services organizations nationwide, employing 954,661 individuals. As a predominantly male industry, each company averages 38 employees, with the median age of each employee being 42.
Only 21% of employers offer access to short-term disability plans, which is half of the national average of 42%. Additionally, 14% provide long-term disability insurance, with the national average being 34%.
Less than one-third of background check and PI service companies offer life insurance, which is lower than the national average of 56%.
Generally speaking, the background check and PI services industry falls well below the national average for providing employee benefits as a whole. A comprehensive employee benefits package is key to both attracting and retaining experienced and qualified professionals, especially considering the growth the industry is experiencing currently.
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