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Hireright Holdings's Business Segments
Hireright Holdings's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
-
Largest Segment
-
Total Revenue
$ 173
Regions Reported
-
Hireright Holdings does not report a distinct business-segment axis in its filings - its disaggregated revenue is disclosed by product and service category instead. See the Product & Service breakdown below.
Revenue by Product & Service Category - FY
- Service70.7%
- Surcharge29.3%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Service | $ 122 | 70.7% |
| Surcharge | $ 51 | 29.3% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Hireright Holdings
HireRight Holdings Corp (HireRight) is a global provider of background screening and identity verification services. The company was founded in 1990 and is based in Irvine, California.
HireRight offers a wide range of background screening services, including criminal record checks, employment and education verification, drug testing, and credit checks. The company also provides identity verification and fraud detection services.
HireRight serves a diverse set of industries, including healthcare, transportation, financial services, and retail. The company has a global presence, with operations in North America, Europe, the Middle East, and Asia.
HireRight prides itself on its technology-driven approach to background screening. The company's platform uses advanced analytics and machine learning algorithms to streamline and automate the screening process. This allows HireRight to deliver fast, accurate results to its clients.
In addition to its screening services, HireRight also offers a range of compliance and data protection solutions. The company's compliance team helps clients navigate complex regulatory environments, while its data protection solutions ensure that sensitive personal information is handled securely and in accordance with applicable laws and regulations.
HireRight has received numerous accolades for its services, including recognition as a leader in the background screening industry by HRO Today and the National Association of Professional Background Screeners.
Overall, HireRight Holdings Corp is a trusted and reliable provider of background screening and identity verification services, with a commitment to using technology to deliver fast and accurate results to its clients while maintaining the highest standards of compliance and data protection.
HireRight offers a wide range of background screening services, including criminal record checks, employment and education verification, drug testing, and credit checks. The company also provides identity verification and fraud detection services.
HireRight serves a diverse set of industries, including healthcare, transportation, financial services, and retail. The company has a global presence, with operations in North America, Europe, the Middle East, and Asia.
HireRight prides itself on its technology-driven approach to background screening. The company's platform uses advanced analytics and machine learning algorithms to streamline and automate the screening process. This allows HireRight to deliver fast, accurate results to its clients.
In addition to its screening services, HireRight also offers a range of compliance and data protection solutions. The company's compliance team helps clients navigate complex regulatory environments, while its data protection solutions ensure that sensitive personal information is handled securely and in accordance with applicable laws and regulations.
HireRight has received numerous accolades for its services, including recognition as a leader in the background screening industry by HRO Today and the National Association of Professional Background Screeners.
Overall, HireRight Holdings Corp is a trusted and reliable provider of background screening and identity verification services, with a commitment to using technology to deliver fast and accurate results to its clients while maintaining the highest standards of compliance and data protection.
HireRight Holdings Corp provides an extensive portfolio of segments, products, and services designed to address the diverse screening needs of various industries. Their offerings are tailored to help organizations streamline their hiring processes, ensure compliance with regulations, and reduce risks associated with employment. Below is a detailed description of their key segments, products, and services.
1. Employment Screening Products and Services
This core segment focuses on pre-employment background checks that assist employers in making informed hiring decisions. The services include:
- Background Screenings: Comprehensive audits of candidates’ history, including verification of previous employment, educational credentials, and professional licenses.
- Drug Testing: Services that include a range of drug tests to ensure a drug-free workplace, encompassing urine testing, hair testing, and saliva testing.
- Health Testing: Health-related screenings to assess factors that could impact job performance, particularly in safety-sensitive positions.
- Criminal Record Checks: Thorough investigations into potential criminal histories at local, state, and federal levels, helping employers mitigate risks associated with hiring individuals with a criminal background.
Workforce Screening Products and Services
To maintain ongoing compliance and workforce integrity, HireRight offers a suite of services aimed at continuous monitoring of existing employees:
- Ongoing Employment Screening: Regular updates on employee backgrounds to identify any potential issues that may arise post-hire.
- Driving Records Checks: Important for roles that involve vehicle operation, ensuring that employees hold valid licenses and possess a clear driving record.
- Periodic Criminal Checks: Continuous monitoring for any criminal activity that employees may engage in during their tenure.
- Exclusionary Compliance: Services designed to help organizations adhere to regulations concerning the exclusion of individuals from certain roles based on legal issues, such as checks against government watch lists.
- Continuous Monitoring: Real-time updates on employee records to alert employers about any significant changes, such as new criminal charges or other relevant news that could affect the workforce.
Finance Screening Products and Services
This segment is tailored for organizations that require stringent checks for employees who handle financial data and transactions:
- Financial Verification Services: In-depth assessments of candidates financial backgrounds to evaluate their credit histories and check for any past bankruptcies or financial troubles.
- Regulatory Sanctions Checks: Screening against government databases to identify any sanctions or penalties that may affect the hiring decision.
- Criminal Records Checks: Targeted checks specifically for financial crime, ensuring that candidates do not have a history of embezzlement, fraud, or related offenses.
Resident Screening Products and Services
Designed for the real estate market, these services help property managers and landlords ensure they select reliable tenants:
- Credit History Verification: Assessing tenants’ credit scores and credit histories to determine their ability to make timely payments.
- Criminal Records Checks: Screening applicants criminal backgrounds to mitigate risks associated with renting properties.
- Rental History Verification: Checking past rental experiences to identify any troubling patterns, such as evictions or lease violations.
- Identity Verification: Ensuring that the applicants identity is legitimate and verifying their personal information.
Frequent Flyer Screening Products and Services
Focused on enhancing travel security, this segment offers screening services specifically for frequent travelers:
- Pre-Flight Screenings: Comprehensive background checks for individuals who travel frequently, helping airlines and security personnel ensure their safety and compliance with aviation regulations.
International Screening Products and Services
As businesses expand globally, HireRight provides tailored solutions for international employment screening that addresses the complexities of different legal and cultural environments:
- Cross-Border Employment Verification: Ensuring accuracy in employment checks across various countries, considering each jurisdictions unique legal requirements.
- International Criminal Records Checks: Conducting background checks that include criminal records from multiple countries to provide a holistic view of a candidate’s history.
- Drug and Health Screenings: Offering drug testing and health evaluations that adhere to local laws and regulations in different countries, ensuring compliance during international hiring.
Conclusion
HireRight Holdings Corp offers a diverse range of segments, products, and services designed for different industry needs, including healthcare, financial services, retail, transport, and hospitality. Their comprehensive solutions not only help organizations make better hiring decisions but also significantly mitigate risks and foster a compliant workplace. The tailored nature of their services ensures that clients can choose specific products and solutions best suited to their operational requirements, enhancing their overall hiring and risk management strategies.
1. Employment Screening Products and Services
This core segment focuses on pre-employment background checks that assist employers in making informed hiring decisions. The services include:
- Background Screenings: Comprehensive audits of candidates’ history, including verification of previous employment, educational credentials, and professional licenses.
- Drug Testing: Services that include a range of drug tests to ensure a drug-free workplace, encompassing urine testing, hair testing, and saliva testing.
- Health Testing: Health-related screenings to assess factors that could impact job performance, particularly in safety-sensitive positions.
- Criminal Record Checks: Thorough investigations into potential criminal histories at local, state, and federal levels, helping employers mitigate risks associated with hiring individuals with a criminal background.
Workforce Screening Products and Services
To maintain ongoing compliance and workforce integrity, HireRight offers a suite of services aimed at continuous monitoring of existing employees:
- Ongoing Employment Screening: Regular updates on employee backgrounds to identify any potential issues that may arise post-hire.
- Driving Records Checks: Important for roles that involve vehicle operation, ensuring that employees hold valid licenses and possess a clear driving record.
- Periodic Criminal Checks: Continuous monitoring for any criminal activity that employees may engage in during their tenure.
- Exclusionary Compliance: Services designed to help organizations adhere to regulations concerning the exclusion of individuals from certain roles based on legal issues, such as checks against government watch lists.
- Continuous Monitoring: Real-time updates on employee records to alert employers about any significant changes, such as new criminal charges or other relevant news that could affect the workforce.
Finance Screening Products and Services
This segment is tailored for organizations that require stringent checks for employees who handle financial data and transactions:
- Financial Verification Services: In-depth assessments of candidates financial backgrounds to evaluate their credit histories and check for any past bankruptcies or financial troubles.
- Regulatory Sanctions Checks: Screening against government databases to identify any sanctions or penalties that may affect the hiring decision.
- Criminal Records Checks: Targeted checks specifically for financial crime, ensuring that candidates do not have a history of embezzlement, fraud, or related offenses.
Resident Screening Products and Services
Designed for the real estate market, these services help property managers and landlords ensure they select reliable tenants:
- Credit History Verification: Assessing tenants’ credit scores and credit histories to determine their ability to make timely payments.
- Criminal Records Checks: Screening applicants criminal backgrounds to mitigate risks associated with renting properties.
- Rental History Verification: Checking past rental experiences to identify any troubling patterns, such as evictions or lease violations.
- Identity Verification: Ensuring that the applicants identity is legitimate and verifying their personal information.
Frequent Flyer Screening Products and Services
Focused on enhancing travel security, this segment offers screening services specifically for frequent travelers:
- Pre-Flight Screenings: Comprehensive background checks for individuals who travel frequently, helping airlines and security personnel ensure their safety and compliance with aviation regulations.
International Screening Products and Services
As businesses expand globally, HireRight provides tailored solutions for international employment screening that addresses the complexities of different legal and cultural environments:
- Cross-Border Employment Verification: Ensuring accuracy in employment checks across various countries, considering each jurisdictions unique legal requirements.
- International Criminal Records Checks: Conducting background checks that include criminal records from multiple countries to provide a holistic view of a candidate’s history.
- Drug and Health Screenings: Offering drug testing and health evaluations that adhere to local laws and regulations in different countries, ensuring compliance during international hiring.
Conclusion
HireRight Holdings Corp offers a diverse range of segments, products, and services designed for different industry needs, including healthcare, financial services, retail, transport, and hospitality. Their comprehensive solutions not only help organizations make better hiring decisions but also significantly mitigate risks and foster a compliant workplace. The tailored nature of their services ensures that clients can choose specific products and solutions best suited to their operational requirements, enhancing their overall hiring and risk management strategies.