2022 research shows the greatest likelihood and impact of 25 workforce-related threats facing employers worldwide according to human resource (HR) professionals and risk managers.
We continue to move from one crisis to another with organizations reacting to unfolding events.
Instead, they must learn the lessons of the pandemic, strengthen risk management foundations by being more deliberate, comprehensive and innovative in anticipating emerging and longstanding risks.
Critical to this is building on the trust established between risk and human resource functions so they work together to protect employees and mitigate people risks linked to health and safety, ESG and the future of work.
Find out how managing people risk across five key pillars can build business and human resilience.
MMB people risk research looked at the 25 individual people risks with the greatest power to disrupt business.
Expand each section to learn more about the five pillars of people risk that impacts organizations in Hong Kong.
86% of risk and HR professionals in Hong Kong say health and safety risks to employees,including further pandemics and workforce exhaustion, are a ‘serious threat to business’.
The management of compensation, employee benefit and retirement plans is becoming increasingly complex and difficult, particularly as costs rise. 83% of Hong Kong firms said this risk category poses a serious threat to business.
Issues linked to accelerated digitization, ranging from skills obsolescence and cyber security and data privacy risks, are views as a serious business threat by 76% of organizations in Hong Kong.
84% of organizations in Hong Kong view risks linked to talent practices, such as the changing nature of work and attracting and retaining talent, as a serious business threat..
81% of organizations in Hong Kong say environmental and social risks, such as pressure to improve diversity, equality and inclusion and prepare for climate change, are now a serious business risk.
What are the key risks and priorities for HR and risk professionals in 2022?
HR and risk managers are aligned on some of the top risks while ranking them differently.
Explore five people risks, how to mitigate them, and the differences across geographies and industries.
People Risk 2022 includes views from 2,594 HR and Risk professionals in 25 countries across Asia, Europe, Latin America, the Middle East and Africa, North America, the Pacific, and the United Kingdom, from industries including finance, communications, media, technology, manufacturing, automotive and retail.
We spoke to more than 100 risk managers and HR professionals in Hong Kong, to see which categories they felt posed the most serious threat to the business.