Prioritizing Talent Management Risks
Risk management has become a highly sophisticated process that is an increasingly popular concept with many executive teams. But leaders seldom think in terms of risk when it comes to workforce and leadership development, even though the effects of failing to manage talent-related risks can range from costly to catastrophic. To complicate matters, many of the methods used to analyze talent and other business risks today have proved to be ineffective and even counterproductive.1 Given the difficulty of quantifying talent management problems, investments, and results, the challenge is to use risk management methodologies so they produce better outcomes, instead of just making managers feel better.
When it ...