Zac Shaw’s Post

Workforce Risks: It’s Like Letting Your Teenage (I have got three Wolverines 😁 ) Drive a Ferrari. You think you’ve got it under control. Your workforce is ticking along nicely, and you’re confident everything will be fine. But wait! According to Deloitte’s latest research, 53% of leaders are walking around with "supreme" confidence in managing workforce risks.  Sounds good, right? Except—only 34% of those same companies are actually prepared to deal with said risks. It’s like watching a man with no parachute jump out of a plane, shouting, “I’ve got this!”  Deloitte Insights discovered that only 42% of respondents put workforce risks on the agenda of their board meetings. That means 58% are driving blind, hoping the road ahead is clear. Here’s the catch—those who actually know what they’re doing, the so-called “Pioneers,” are not only prepared, but they’re also outpacing their rivals on every front. How much better? Well, about 70% of Pioneers are outperforming their competitors in areas like profitability and operational efficiency. Yes, 70% percent! And then there’s the question of trust. The Pioneers? They’re obsessed with it. They track everything from employee sentiment to customer satisfaction, and they’re 26% more likely to have a clear definition of workforce risks. The rest? Well, they’re probably too busy checking their stock prices. In reality, the majority of companies are still using old-school methods—relying on basic metrics like turnover rates and costs.  In short, Deloitte Insights and Oxford Economics deem that if your board isn’t talking about workforce risk, you’re not just behind the curve—you’re parked on the side of the road with a flat tyre, watching your competitors pass by at 200 km/h. Read all the way to the end? 🤩 Brilliant! The recipe (YKWIM) for success is the regular use of AI and analytics through startups like Eightfold AI or HiBob to predict workforce risks, clear reporting on key HR metrics, and delegating responsibility for risk management from the board of directors to every line manager to address issues before they arise. 🤝 https://lnkd.in/ei77P_Hf #WorkforceRisks #LeadershipChallenges #AIinHR #RiskManagement #DeloitteInsights #FutureOfWork #WorkforceStrategy #HRAnalytics #TalentManagement #LeadershipDevelopment #BusinessSuccess #StartupSolutions #HRTech #WorkplaceTrends #PioneeringLeadership #BoardroomStrategy #EmployeeEngagement #PredictiveAnalytics #OrganizationalExcellence

Deloitte’s research indicates that many organizations have a limited understanding of how workforce-related risks can impact their core business outcomes – financial, operational, reputation and brand, and regulatory and compliance. When it comes to #WorkforceRisk, is your organization seeing the full picture? Our new video showcases how Deloitte’s #WorkforceRisk framework can help organizations view workforce risk from all angles, and how Deloitte can enable organizations to proactively identify their internal and external workforce risk exposures and establish leading practices to measure, monitor, and manage them effectively. https://lnkd.in/e3hYvdWX

What are the unseen risks that surround your workforce? Watch Deloitte's new video on #WorkforceRisk to find out.

When HR budgets tighten up, what goals and tools should leaders hold on to? meQ CEO Jan Bruce shares the 4 essentials for high-value HR, even in low-budget times. #humanresources

Research shows that most executives believe their businesses are unprepared to address major global risks in trade, technology, weather, and workforce. https://ow.ly/XIkP50SKJFs #hrdive #executivesandmanagement #ceo #leadershipinsights

What are the unseen risks that surround your workforce? Watch Deloitte's new video on #WorkforceRisk to find out.

Our Hopes and Fears PwC global survey of workforce perspectives came out this week. Once again it's full of great insights and will keep us occupied with ideas and food for thought for the coming months. If you're an CEO, HR leader or people-focused exec, it also makes a great companion to your own people surveys. Two key headlines I took away are: 🎢 Organisations face a change paradox: there's evidence of change fatigue, increased workloads, and lack of clarity on what change is for; while at same time optimism and readiness to learn new skills and leverage GenAI. How we help the change resistant through the pain, while using the optimism as a rocket fuel to transform? 👋 Employees remain unsettled: The number of people considering changing roles in next 12 months has increased (from 26% to 28%). The pandemic-triggered "enlightenment" seems to now be more sustained and permanent. Does increased opportunities play a part alongside the change fatigue? And what can organisations do? Take a look at the 6 recommendations attached. #hopesandfears #workforce PwC Switzerland

What are the unseen risks that surround your workforce? Watch Deloitte's new video on #WorkforceRisk to find out.

What are the unseen risks that surround your workforce? Watch Deloitte's new video on #WorkforceRisk to find out.

PwC reports: 87% of CHROs say they’re evaluating new ways to deliver HR value at a lower cost. As strategies evolve, remember these four things to keep building workforce sustainability under tight budgets: 1. Workforce-wide resilience training gives all your people the skills to sustain high performance during disruptive change, while lowering costs of absenteeism, turnover, and poor mental well-being. 2. Assessing your workforce for psychosocial risks gives you accurate, real-time data about the workforce problems you must fix and the strengths you can develop. 3. The better your data analytics capabilities, the more prepared you are to enact and refine nimble workforce strategies that get positive business results. 3. If you do nothing else, train your managers in the skills of resilience. This effort will give you meaningful ROI in the form of higher employee productivity, less attrition, less stress-related impairment, greater agility, and more team psychological safety. https://lnkd.in/ena_K-jT #CHRO #workforcedevelopment #productivity