As uncertainty persists and the labor market remains tight, many organizations are facing a growing number of risks related to their workforces. Beyond historic focal points such as productivity and cost-competitiveness, workers can affect their employers in a multitude of ways—from their behavior on social media and observance of data security policies to their alignment with the organization’s purpose and willingness to embrace the need to upskill.
An organization’s ability to attract, develop, and retain a workforce with critical skills is central to its ability to achieve its goals. However, while many leaders are acutely aware of the challenges that talent shortages and attrition pose today, many also overlook broader, enduring dimensions of workforce risk. To help effectively manage it, organizations should adopt a broad view of workforce risk. This view should include a wide variety of risks associated with the workforce that could impact an organization’s ability to achieve strategic, financial, operational, regulatory, and compliance outcomes, as well as episodic risks that negatively impact reputation and brand, such as inappropriate social media posts.