It’s Time for HR
alphaspirit/shutterstock to Start
TALKING Risk
A BETTER UNDERSTANDING OF TALENT RISK
CAN IMPROVE TRADITIONAL HR DUTIES
By Laura Croucher
Although it is an increasingly important term in modern
business – from strategic planning, to project implemen-tation,
to board oversight – “risk” has not yet become
common parlance for HR professionals. That seems
odd given the impact talent can have on organizational capabili-ty,
capacity, cost, connection and compliance. In fact, according a
recent global survey report, Time for a More Holistic Approach to
Talent Risk, talent-related challenges pose significant risk to orga-nizational
capability and capacity. In the survey, over 1,200 HR,
talent, learning and business executives indicated they face par-ticular
challenges in developing future leaders, improving internal
bench strength and recruiting top talent.
strategy
MOST IMPORTANT TALENT RISKS TO CAPABILITY
AND CAPACITY
Certainly, talent issues have come to the forefront in recent years,
with analysts projecting impending talent shortages in numerous
industries and framing the issue as “the war for talent,” “the labour
crunch” and various other ominous phrases. Nonetheless, specific
discussions of risk are traditional-ly
focused in departments
such as finance,
project
HRPATODAY.CA ❚ SEPTEMBER 2014 ❚ 43