While recent and anticipated changes to workforce-related reporting requirements have raised the profile of workforce with many leaders,1 few seem to have started viewing workforce risk more broadly. Many sophisticated companies employ risk management tools to help understand the consequences of scenarios that might affect the price, availability, or quality of resources critical to achieving their strategic objectives. Our research strongly suggests that many companies are not applying risk management disciplines while managing their workforce,2 despite the growing threat of labor shortages, skills shortages, growing rates of voluntary turnover, and the emergence of employment alternatives in the gig economy.
What are organizations with more robust practices doing to better understand, measure, monitor, and address workforce risk? How does the business performance of those organizations differ from others? We explore these questions, and more, in our upcoming report.