1 minute read
Talent Management
from 2022 OnRisk Report
Definition:
The increased need for and acceptance of remote operations, including working from home, as well as continued dynamic labor conditions are redefining how work gets done. This risk examines the challenges organizations face in identifying, acquiring, upskilling, and retaining the right talent to achieve their objectives.
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Analysis:
Despite all key management players seeing Talent Management as one of the most relevant risks to their organizations, perceptions of both personal knowledge and organizational capability remain relatively low for board members and CAEs. Senior executive perceptions of their personal knowledge and their organizations’ capabilities in this space are much higher.
KNOWLEDGE AND CAPABILITY
Percentage who gave a rating of 6 or 7 on a scale of 1 to 7
RISK STAGE
Moved from Explore to Develop
RISK RELEVANCE
Percentage who gave a rating of 6 or 7 on a scale of 1 to 7
– Talent Management
Quotes:
“Companies are working so hard to survive…all strategies are out the window. When you don’t get to see employees face-to-face, it’s challenging.” –Board, Government
“Hiring in this remote environment has allowed us to consider hiring without a geographic limitation. The question we are now asking ourselves is; do we hire a higher quality candidate to work fully remote, or do we hire a lesser candidate who is able to come into the office?” –CAE, Automotive
