Rapid changes to working conditions resulting from the COVID-19 pandemic have exposed gaps in the ability of organisations to respond to risks associated with their workforces, according to a new report by Mercer Marsh Benefits (MMB). Conducted a year after the declaration of the pandemic, UK respondents in the global survey of over 1,300 HR and risk management professionals ranked deteriorating mental health; cybersecurity, and talent attraction, retention and engagement as the top people-related risks facing firms.
According to the report, Turning people risk into a business opportunity, the main barriers to addressing these issues were a lack of senior leadership engagement and a lack of skilled resources to understand and address the exposures. The survey catergorised 25 people risks into five main categories of people risks (health & safety; governance & financial; accelerated digitisation; talent practices; environmental & social) with each risk allocated a risk rating score – a combination of likelihood and impact ratings – to assess the overall threat posed to an…
