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24/7 Employee Risk Management
Risk Management Means Spotting & Mitigating Employee Stress
Disengaged employees are grown, not hired. The life circumstances an employee has upon hire change over time. And in situations where those circumstances take a turn for the worst, ClearForce’s workforce assurance and employee risk management platform, ClearForce Resolve™, enables business leaders to support employees in their time of need—whether they’re working from home or in a brick-and-mortar office.
Supporting employees by reaching out, making accommodations, or referring them to a professional who can help is both the right and smart thing for business leaders to do.
When under stress, a distracted worker can make inadvertent mistakes that create financial risk for the organization. They can be more easily exploited by outsiders aware of their issues, incentivized to commit workplace crimes, and be less productive. According to Gallup’s State of the American Workplace Report, disengaged employees cost U.S. businesses a collective $483-$605 billion in lost productivity.
Pre-Hire Background Checks Aren’t Enough
For most organizations, employee risk management represents a pre-hire background check. Once cleared, an employee or contractor joins the company and is entrusted with company proprietary information, physical and system access. But they also learn about system flaws or potential security gaps. Often, the only ongoing employee risk management programs consist of monitoring internal network activity and email use. The problem with this approach? Employee behavior is not tracked outside of the organization. After business hours, your employee may be participating in risky activities. And these activities may later expose the organization to substantial risk.
The ClearForce Resolve™ platform protects organizations and employees through the continuous evaluation of risky behavior. It delivers real-time, event-based alerts of external employee misconduct and high-risk behavior that may present a level of risk to the organization, its employees, or its customers.
In addition, ClearForce Resolve™ is the only cross-departmental platform that enables HR, Security and Legal to work together in a single, centralized environment—investigative work is streamlined and efficient. All external and internal behavioral alerts, incident reports and complaints are centrally captured, archived, and adjudicated within the Resolve system. Resources previously needed to aggregate, research, and match data points can now be redirected.
This means organizations can partner with their employees to reduce risk, while providing full legal compliance and eliminating bias through transparency and fairness.
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Financial Impact to Your Organization
Cost of Workplace Crime
- $111 Billion Per Year
- 50%+ Attributed to Employees
Fraud and Theft
- $870B estimated yearly cost
- 61% of losses involve managers & senior executives
- $202B estimated lost productivity
48% of employees have experienced workplace violence.
- Health Advocate inc. : Stress in the Workplace
- Stress in America, Paying with Our Health, APA, 2015
- SHRM 2019 Survey
- PWC 19th Annual CEO Success Study
Cost of Stress in the Workplace
- $200B to $300B each year in lost productivity for stress-related illness.
- $15,000 annual cost per employee.
- $7,000 per employee/year lost productivity.
- 40% of turnover due to stress.
- 60%-80% of workplace accidents stress-related.
- $29,000 per workplace accident.
1 out of 6 US workers say financial stress negatively impacts their work.
39% of CEOs that departed in 2018 left for unethical behavior stemming from allegations of sexual misconduct, fraud, bribery, and insider training.