Organizational crises remain a pervasive threat to performance and business continuity. Among the list of such crises, those pertaining to organizational staffing take the centre stage. People risks come in many forms. In all cases of people risks, HR plays a leading role in protecting against and mitigating any potential damage, minimizing losses, avoiding disruption and doing a lot more. It is, therefore, imperative that HR should have a well-oiled plan A and plan B in case a crisis strikes and if the original plan does not respond. The onus rests with HR to devise people risk management plans with the aim of providing support to the senior leadership, clients, vendors, employees and other stakeholders. Let us look at the top seven people-related risks that HR faces:
1. Critical skills shortage: Workforce planning and risk management are the two sides of the same HR coin; they go hand-in-hand. This is because not having the right people in place with the right skills will seriously hamper an organization’s ability to compete, innovate, and grow. Any HR red book on survival would first list the workforce planning strategy followed, along with supporting data and analysis.
Read more resource source: https://www.peopleworks.in/hrms-software/managing-people-risks-in-the-hr-realm/
