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Prepare for External Risks

Proactively prepare the organization’s talent for the risks of tomorrow by uncovering HR initiatives to implement today.

  • Organizations focus on finding operational and financial solutions to external risks without evaluating how talent can be part of the solution. When HR is not involved early on, by the time the talent implications are apparent, the damage is already done.
  • This is further complicated by a VUCA climate where there is less time to rectify errors before organizational survival is threatened.

Executive Summary

Critical Insight

  • Managing risks must go beyond maintaining the status quo. HR organizations that anticipate and proactively plan for the talent implications of external risks not only survive but thrive through challenging times.

Impact & Result

  • Conduct an environmental scan to identify and prioritize external risks according to their likelihood, impact, and HR relevance.
  • Create scenarios to anticipate the talent implications of the prioritized risks.
  • Identify HR initiatives that enable organizations to survive and thrive in a VUCA world with the use of three principles: proactive implementation, plan now for the future, and opportunity for growth.

Research & Tools

2. Create external risk scenarios

Determine the scope of scenario planning, identify assumptions and uncertainties, and build scenarios for each prioritized risk.

3. Identify HR initiatives

Define talent implications and HR initiatives to address them, then present recommendations to the board.

4. McLean Academy Learning Snapshot

Watch this learning snapshot for an introduction to managing risk.

Prepare for External Risks enlarged preview