{"id":1227,"date":"2020-07-10T20:59:50","date_gmt":"2020-07-10T18:59:50","guid":{"rendered":"https:\/\/www.hrwheelworks.be\/?p=1227"},"modified":"2020-07-10T20:59:50","modified_gmt":"2020-07-10T18:59:50","slug":"why-should-every-business-address-their-talent-risks","status":"publish","type":"post","link":"https:\/\/www.hrwheelworks.be\/nl\/why-should-every-business-address-their-talent-risks\/","title":{"rendered":"Why should every business address their talent risks ?"},"content":{"rendered":"<ul>\n<li>More than 50% of business expense is\u00a0people<\/li>\n<li>Talent risk affects the big three business drivers every day: money, time, quality<\/li>\n<li>It\u2019s about gathering different data to make better\u00a0talent\u00a0decisions<\/li>\n<\/ul>\n<div>Source: <a href=\"mailto:Jay.Jamrog@i4cp.com\">Jay Jamrog<\/a>, co-founder of the Institute for Corporate Productivity.<\/div>\n<div><\/div>\n<div>Do business leaders put talent risks on the agenda?<br \/>\nOr is this still seen as the ownership of HR to manage talents?<\/p>\n<p>Globally we can speak of 5 talent risks to manage (Brandon Hall Group):<\/p>\n<p>1. Capability Risk<br \/>\nRisks associated with building the skills an organization needs<br \/>\nto compete now and in the future. These risks include the breadth and depth of skills and capabilities present within a workforce, and how well-aligned these are to an organization\u2019s needs.<\/p>\n<p>2. Capacity Risk<br \/>\nRisks around the succession into critical roles and retention of<br \/>\ncritical people and teams. In other words, will an organization be able to maintain the size and shape of workforce needed to deliver its business plan?<\/p>\n<p>3.Cost Risks<br \/>\nWhat is the risk of a workforce becoming unaffordable?<br \/>\nWhat will it cost an organization to recruit and retain the people it needs?<br \/>\nWill it be able to afford the overall cost of its workforce?<\/p>\n<p>4.Connection Risks<br \/>\nThese risks consider factors such as engagement and performance.<br \/>\nWhat is the risk of an organization\u2019s top talent becoming disengaged?<br \/>\nWill an organization\u2019s talent-related processes remain sufficiently joined-up?<\/p>\n<p>5.Compliance Risks<br \/>\nRisks relating to employee behavior, regulations and laws. This category covers both the need to ensure that talent processes comply with local laws\/regulations and whether talent management is seen as a business-critical process or an administrative process.<\/p>\n<p>The Board needs to identify, based on organizational data,<br \/>\nwhich of these talent risks they need to prioritize.<br \/>\nThey should find a <strong>structured and pro-active way <\/strong>to handle talent risks<br \/>\nin the same way that they handle\u00a0financial risks.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>More than 50% of business expense is\u00a0people Talent risk affects the big three business drivers every day: money, time, quality It\u2019s about gathering different data to make better\u00a0talent\u00a0decisions Source: Jay Jamrog, co-founder of the Institute for Corporate Productivity. Do business leaders put talent risks on the agenda? Or is this still seen as the ownership [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1224,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[25],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why should every business address their talent risks ? - HR Wheelworks<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hrwheelworks.be\/nl\/why-should-every-business-address-their-talent-risks\/\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why should every business address their talent risks ? - HR Wheelworks\" \/>\n<meta property=\"og:description\" content=\"More than 50% of business expense is\u00a0people Talent risk affects the big three business drivers every day: money, time, quality It\u2019s about gathering different data to make better\u00a0talent\u00a0decisions Source: Jay Jamrog, co-founder of the Institute for Corporate Productivity. 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