| Job Scoring Model Is Fully Validated |
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| Job Score Accurately Predicts Unemployment Risk |
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| Actual individuals were scored at (T-12) months and monitored for unemployment incidence. After one year, individuals’ historical Job Scores proved to be an accurate predictor of unemployment risk. Following chart shows predicted unemployment risk and actual unemployment rate for people by various job score bands. As can be seen the actual unemployment rate observed was very close to the predicted unemployment rate in every single score band, which is a proof of the effectiveness of the job risk scoring model. |
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The Scorelogix job risk model consistently separates HIGH RISK individuals from LOW RISK individuals as can be seen below. |
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| Scorelogix’s Job Security Score™ has been validated for its accuracy by an independent, outside consultant, a Baltimore, Maryland-based provider of statistical modeling and analytical research services. |
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| Job Score Is Flexible And Updated Monthly |
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| Job Security Score utilizes proprietary modeling techniques and uses sophisticated analysis of present and future economic conditions to predict job loss and income risk. It is based on decades of employment and unemployment trends and continuously validated and adjusted for current and forecasted economic conditions affecting individuals’ unemployment risk. Job Scores are updated every month to capture the latest macroeconomic trends, analysis and forecasts which allow users to get the latest snapshot of job and income risk, and associated credit risk and financial behavior. |
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| Additionally, Scorelogix’s solutions are extremely flexible. Job scoring model is highly customizable and allows Scorelogix to work with whatever data businesses have available, and it works in concert with clients’ full menu of internal controls as part of a cohesive business strategy. We tailor our solutions to businesses’ unique needs. Our team works with business customers to identify how they can best utilize Job Security Score given their existing customer information and specific technical requirements as well as how best to integrate Job Security Score into their overall business strategy. |
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| Utilize Job Security Score to enhance your business’ profitability |
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| To find out how you can incorporate Job Security Score into your businesses’ credit decisions and put Scorelogix’s advanced research and cutting-edge risk-scoring model to work for you, call to speak with a Scorelogix unemployment risk expert at (302) 328-1210. |
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