The 80/20 Solution: Swiftly Identifying the 20% That Matter

The Pareto Principle

In the world of business, the Pareto Principle, or the 80/20 rule, often holds true. 80% of your sales come from 20% of your customers, 80% of problems stem from 20% of causes, and—critically for today's discussion—we've observed that approximately 80% of employee departures pose little to no significant digital risk.

This leaves us with a crucial challenge: how do you quickly and efficiently identify the 20% of departures that do warrant a full, in-depth investigation, without expending valuable time and resources on the 80% that are benign? The traditional approach has been a costly, time-consuming guessing game, often leading to either over-investigation or, worse, overlooking a genuine threat.

The Cost of the Guessing Game

Imagine the typical scenario: an employee leaves. Without clear, immediate insights into their digital activity, companies often face a dilemma. Do you launch a full forensic investigation on every departing employee "just in case"? This approach is incredibly inefficient. Forensic investigations are expensive, easily running into the $3,000 to $4,000 range, and they can take days, if not weeks, to complete. Applying this to 100% of departures is financially unsustainable and a drain on IT and HR resources.

On the other hand, not investigating can be catastrophic. The 20% of employees who pose a real risk could be walking away with intellectual property, customer lists, or even planting malicious code, leaving your business vulnerable to significant data breaches, competitive disadvantage, and reputational damage. The cost of a breach far outweighs the cost of prevention.

A functional example is that with 25 employees leaving per year and each full investigation costing on average $3,500 to $4,000 and 4 days eat time until you find out you spent the $ for no reason, your company is spending a significant amount on unnecessary analyses.

Out of the 25 departures, 80% (20 employees) are benign and pose no threat, meaning you're wasting a staggering $80,000 annually on unwarranted investigations. Only 20% (5 employees) actually warrant a full analysis, costing a justifiable $14,000 to $16,000.

This highlights a clear inefficiency where the majority of your budget for this area is being spent on low-risk departures. ExitRisk IQ provides a solution by swiftly identifying the 20% that matter, allowing you to invest your resources wisely and avoid the costly, unnecessary investigations.

Would you rather spend $30,000 instead of $80,000 to eliminate the "good" departures?

Introducing the 80/20 Solution with Prestige Risk Management and ExitRisk IQ

At Prestige Risk Management, we recognized this critical need for precision and efficiency in employee offboarding. That's why we developed ExitRisk IQ—your ultimate 80/20 solution. Our platform is specifically designed to cut through the noise, allowing you to swiftly identify the 20% of departures that warrant your full attention, while confidently clearing the 80% that pose no threat.

Here’s how ExitRisk IQ empowers your business:

• Rapid Triage: Within minutes, not days, ExitRisk IQ provides a clear, concise overview of a departing employee's digital activity. It highlights suspicious behaviors, unusual data transfers, or access patterns that deviate from the norm. This immediate insight allows you to quickly categorize departures.

• Focus Your Resources: By confidently identifying the 80% of employees who pose no significant digital risk, you save immense time and money. No more unnecessary full forensic investigations for every departure. You can allocate your valuable IT and HR resources to where they truly matter—the 20% that require deeper scrutiny.

• Fixed, Flat Fee: Unlike the variable and high costs of traditional investigations, ExitRisk IQ operates on a fixed, flat fee model. This transparency allows for predictable budgeting and ensures that identifying high-risk departures is accessible and affordable, not an emergency expense.

• Web-Based Accessibility: Our intuitive web-based platform makes it incredibly easy to use. With just a few clicks, you can initiate a scan and receive an analysis, empowering your team to act decisively without needing specialized forensic expertise.

In In the United States, and across the globe, businesses are realizing the power of the 80/20 principle in managing employee departures. Don't let the guessing game compromise your security or drain your resources.

With Prestige Risk Management and ExitRisk IQ, you gain the clarity and efficiency needed to protect your business effectively. Focus your efforts where they count most, and secure your future.