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- Published: Fri 04 Feb 2022 09:43
According to Gartner, Inc.’s latest Emerging Risks Monitor Report, executives are most concerned about talent risks post-pandemic. Talent risk outweighs other concerns, including supply chain disruptions and inflationary pressures, according to a survey of 254 senior executives across industries and regions conducted in the fourth quarter of 2021. rice field.
Matt Sinkman, vice president of risk and audit at Gartner, said: “High levels of voluntary unemployment and new expectations from workers are adding to an already overheated labor market.”
Top 5 risks by overall risk score and frequency:
|
score rank |
risk name |
impact score |
time slot score |
frequency |
|
1. |
Post-pandemic talent |
3.02 |
1.44 |
78% |
|
2. |
Supply chain disruption |
3.22 |
1.42 |
73% |
|
3. |
New ransomware model |
3.30 |
1.62 |
72% |
|
Four. |
Endemic COVID-19 |
2.77 |
1.41 |
61% |
|
Five. |
inflationary pressure |
2.88 |
1.42 |
57% |
(Source: Gartner, February 2022)
Organizations continue to grapple with issues related to timelines for bringing employees back to the office and developing new work models, including remote and hybrid, to keep employees happy. The potential consequences of poor talent strategies this year could lead to disruption for multiple organizations.
Historically high turnover rates indicate that employees are willing to pursue better value propositions, especially related to flexibility and pay. A constant turnover rate can lead to deterioration of workplace culture and loss of organizational knowledge. Finally, organizations may also face a shortage of skilled workers to realize strategic initiatives such as digital transformation if they are unable to attract and retain high potential employees. .
“The positive side of people risk is that it has a greater direct ability to influence positive outcomes than many other types of risks faced by an organization,” said Shinkman. “By focusing on workforce management innovations for hybrid and remote workers, providing more flexibility to employees where possible, and expanding their hiring approach, organizations can compete to meet the challenges of the moment. We can develop a strong people strategy.”
Supply chain disruptions, sustained inflationary pressures
Supply chain disruptions have been a persistent concern for management over recent quarters. Management continues to voice concerns about rising costs and shrinking suppliers as global supply chains are fragile and stressed. It also faces loss of market share to competitors with stronger distribution and the ability to source goods at lower prices.
“Sustainable supply chain issues have helped push broader inflation concerns to the forefront of executives,” Sinkman said. “Constrained supply is meeting rising demand in many sectors, threatening organizations by losing labor, goods and materials to competitors willing to pay higher prices. Consolidation of market share by large companies and the threat of a broader economic slowdown could be tangible risks this year if inflationary pressures persist.”
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