What you'll learn?
Because people touch the many aspects of an organization, a focus on human capital risk is an important part of an effective risk management and compliance program.
Yet it is also because of this ‘human factor’—the complex involvement of people in the many aspects of the business—that ownership of human capital risk management can end up ill defined. In fact, many organizations today face major challenges in this area due to a lack of clarity around roles and responsibilities assigned to human capital risk management.
Whether the risk and compliance challenges are those directly related to running a Human Resource (HR) organization (e.g., legal requirements of ERISA, FLSA and ADEA regulations) or some of the more strategic risk and compliance issues that have human capital at their core (e.g., designing talent strategies, aligning rewards, promoting fraud prevention and ethical behavior), sorting out who specifically is responsible for identifying, assessing, prioritizing, managing and monitoring those risks is no easy task.
Human capital risks include:
- Critical Skills shortage
- Insurance and data
- Ethics and behavior
- Intellectual property risk
- Compliance and Regulation
- Supply Chain Risk
- Cybersecurity
Overview of the webinar
Talent has become the prized commodity in organizations of all sizes. Organizations typically face a complex, interrelated set of challenges in their quest to secure the talent they need to succeed. Many factors may drive a particular organization's specific processes.
Primary concerns of human resource management in talent acquisition include:
- Assimilating workforce planning and employment strategies.
- Addressing both short-term and long-term needs of the organization so that staffing requirements can be anticipated in a timely manner.
- Hiring for cultural fit.
HR’s responsibility is to know the organization’s strategies and goals and implement talent acquisition programs that enable the business leaders to carry out those strategies and goals.
Area Covered In The Webinar
- Workforce external risks
- Workforce internal risks
- Outcomes of risks on finance, operational and other factors
- Measuring key workforce indicators
Why should you attend?
Over the past few years, organizations have faced an increasing number of risks with the potential to disrupt their financial and operational performance, reputation and brand, and compliance with regulations. Such risks include actions by aggressive competitors, emerging disruptors, and mounting pressures created by diverse constituencies ranging from lawmakers to activists. A notable trend across these new challenges and emerging market focus areas is the growing impact they often have on the workforce.
Historically, organizations’ main workforce-related concerns often rested almost entirely on productivity and cost competitiveness. Today, workers can affect their employers in a variety of ways—from their behavior on social media and adherence to data security policies to their alignment with the company's purpose and their willingness to upskill.
To help effectively manage workforce risk, organizations should first have a deep understanding of the various external and internal sources of workforce risk, as well as their potential exposure to these today and in the future.
Who Will Benefit?
- Society for Human Resource Management
- SHRM local chapters
- Association for Talent Development.
- College and University Professional Association for Human Resources.
- HR People + Strategy.
- Human Capital Institute.
About the speaker
Years of Experience: 35+ years
Dr. Chartier is the Principal of HRinfo4u, a human resource consulting firm, and a well-known educator and speaker. As a consultant, he works with organizations to improve the effectiveness and efficiency of their human resource function. He has wor