THE ROIOF CONTINUOUS

EVALUATION

5 EVERYDAY,MEASURABLE BENEFITS

THE ROI OF

CONTINUOUS EVALUATION

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continuous evaluation impacts

everyday activities that directly

benefit the bottom line in

measurable ways.

Most security professionals would agree that quickly understanding when

an employee is exhibiting warning signs is an essential part of keeping a

company safe. Despite the obvious benefits of continuous evaluation and

insights, it can be a challenge to quantify what seem like unquantifiable

intangible benefits.

It’s true that utilizing continuous workforce risk evaluation can protect a

company against the types of workplace risk that make the news, but they

also provide a number of benefits that impact every day operations in ways

that directly benefit the bottom line.

This ebook provides a framework for quantifying the benefits of continuous

evaluation, as well as its costs. The benefits are based on actual feedback

from Endera clients and supported by third-party research and statistics.

Continuous evaluation provides better protection and cost

less than an annual traditional post-hire screening.

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5 MEASURABLEBENEFITSEVERYDAY,

A typical initial reaction by executives is that continuous evaluation is just a means for firing people. Inpractice, Endera has found that utilizing data from continuous evaluation saves jobs and money.According to Gartner, 80% of workplace risk start with pressures and behavior exhibited outside ofwork.

Continuous evaluation enables employers to intervene before external behaviors enter the workplaceand lead employers to terminate. Pressures build in an employee’s personal life over a series ofmonths before seemingly suddenly spilling over to their work life. These external pressures are oftenvisible in public records.

Employers that move quickly to address and help employees cope with external pressures are betterable to mitigate workplace issues and retain their workers.

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1 REDUCEEMPLOYEE TURNOVER

Replacing an employee costs 50%-75% of their annual salary.Source: SHRM

SAVE$60KPER EMPLOYEE

As expensive as replacing an employee is, the real cost for organizations is lost revenue andproductivity. If your organization requires employees to provide your services to clients orconsumers, then every missing employee means missed revenue driving efforts for your business.

Recovering from a lost employee is also not as simple as hiring a new worker. It may take a newemployee one to two years to reach the productivity of an existing person. Turnover also impactsthe morale and productivity of workers left behind and new employees require more training,managerial oversight, and are more likely to commit errors that are costly to correct.

Identifying workforce risk and providing assistance to help them stay productive is a benefit thathelps both employees and employers alike.

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2AVOIDLOST REVENUE

Including lost productivity can drive the cost of replacing an employee up to 90%-200% of their annual salary.Source: SHRM

SAVE$160KPER EMPLOYEE

According to the Association of Certified Fraud Examiners, the averagecost of a fraud event is $130,000, but 22% of the losses they studiedexceeded $1 million. The frauds lasted an average of 16 monthsbefore being detected.

The worst aspect of fraud and intellectual property theft is thatrecovering from losses is almost impossible. This is why it is critical tomonitor the external behavior of employees to look for the warningsigns and act to mitigate risk before damage is done.

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3 STOP FRAUD & THEFTBEFORE IT OCCURS

The typical organization loses 5% of its revenue to fraud each year.Source: Association of Certified Fraud Examiners

SAVE5% ofANNUAL REVENUE

A majority of executives want to know about warning signs in their

employees’ lives outside of work. However, only about 20% of

organizations conduct post-hire background screens, and those

that use them do so sparingly.

A primary reason for the above gap between executives’ wishes

and reality is both the cost of periodic screens and the

administrative overhead involved with reviewing reams of reports.

Continuous evaluation provides superior nationwide coverage, and

they do so via a fully automated, zero overhead delivery model.

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4SLASH OVERHEAD COSTS

For each employee, 365 days of

continuous evaluation cost less than

1 post-hire screen.

INCREASE

EFFECTIVENESS

by 365X

When a employee’s actions cause damages to a company or co-worker,the employer is at risk of a negligent retention lawsuit if the damagedparty can prove that the employer should have known that the employeewas a risk. One of the first tasks for any plaintiff’s lawyer is to run abackground screen on the employee. If that screen returns any warningsigns, then those findings will be used against the employer whether theemployer knew or not.

Negligent retention lawsuits are very expensive. Continuous evaluationenables employers to see warning signs and mitigate risks before anemployee incident causes a safety issue, brand damage, and negligentretention lawsuits.

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5 MITIGATELEGAL RISKS

Continuous evaluation give employers the chance to see the warning signs –before an impactful event

AVOID ACOSTLYSETTLEMENT

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CONTINUOUS EVALUATION COSTS

Continuous evaluation can be implemented in 1-day

IMPLEMENTATION:Continuous evaluation costs less than a cup of coffee per month per employee covered.

LICENSE COSTS:

Endera automatically evaluates 25K+ external data sources, processing data points daily to deliver accurate and relevantinsights, in the form of dashboards, notifications and alerts, so you can act before incidents happen.

Our secure, easy-to-use, cloud-based platform, is available as an identity-based, subscription service, accessible from any webbrowser without any software for IT to install. Originally developed for the federal government to help the FBI, post 9/11 andsubsequently for the Department of Homeland Security, Endera helps organizations detect and reduce workforce risk.

Contact us at sales@endera.com or call 1-855-373-0977

Want to see exactly how Endera can help protect your employees and your brand? Join us for a personalized demo:

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