Managing people risk

The workforce of the future is the result of complex and competing forces that continue to evolve. People risk lies at the heart of these.

The people risk landscape

Risk is driving and shaping people practices more than ever before. Anticipating and effectively managing your people risks are critical to building trust inside and outside of your organisation. Working closely with clients, we look at people risks from three perspectives including the business, policies and processes, and the HR function.

Applying our expertise across HR consultancy, reward, pensions and global mobility, our people risk specialists can work with you to address challenges that stem from the business, your people processes and the broader HR function. 

The people risk landscape

Recognising the different types of people risk

People risk takes shape in different forms. These can be driven by the organisation in its need to build a market-leading workforce to deliver its strategy. Alternatively, risk can be created through the HR function in its role to upskill the organisation's people and protect their personal data. Finally, risk can be created as a result of the organisation's people and the processes to support, protect and manage them. For example, remaining compliant in the evolving regulatory market and streamlining process where appropriate.

What are the business risks

  • Creating an organisation that is agile and adaptable to change
  • Dealing with uncertainty in the political and/or economic environment
  • Attracting, mobilising and retaining the right talent & skills
  • Identifying a strong succession and leadership pipeline
  • Embedding a diverse and inclusive workforce
  • Leveraging your culture to drive desired conduct & behaviours
  • Enhancing workforce wellbeing and resilience

The HR function - the risks

  • Collecting, understanding and organising people data
  • Enabling regulation through enhancing HR systems, capabilities and processes
  • Evolving and upskilling the HR function
  • Aligning HR and the business

People and processes - the risks

  • Compliance with increasing regulatory and legal requirements
  • Protecting organisation and employee data
  • Ensuring fair and transparent pay
  • Minimising the volume and complexity of people policies and processes

Contact us

Christopher Box

Christopher Box

Global Workforce Risk Leader, Partner, PwC United Kingdom

Tel: +44 (0)7808 106841

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