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Many organizations use RISK and COMPLIANCE as an input to business case development for HR and talent management technologies. Here is a great survey and article from the Economist Intelligence Unit that backs up the fact that the lack of Human Capital Management is a risk to organizations. Here are some of the ways:
International risk managers see human capital risk as being the most significant threat facing their global business operations
The survey���s findings show:
Human capital risk such as skills shortages, succession issues and the loss of key personnel, were seen by respondents as being more significant than threats from reputational risk, information technology risk, political risk and regulatory risk; opposite from last year. * Despite acknowledging the importance of the skills issue, just 32% of the survey respondents say that they manage human capital risk effectively. The only areas where they feel less confident are risks associated with terrorism and climate change.
Click below to download the complete survey.
What are your thoughts on this area of risk? It is truly more of a risk going forward than IT or Regulatory risk?
Another infusion of knowledge..
