Workforce Risk, Governance and Reporting

An integrated, data-led approach to creating competitive advantage

At a time of talent shortages, cost challenges and increasing regulatory complexity, Canadian organizations are facing a growing number of risks with significant implications for their workforce. At the heart of many of these workforce risks are deep global megatrends, like technological disruption, climate change, geopolitical tensions, social instability and demographic shifts, that are creating new standards that organizations need to meet and adapt to. As these trends and changes reshape how we live and work, understanding workforce risks and what they mean for a business is critical.

To help Canadian organizations proactively manage their workforce risks, we’ve created our workforce risk integration solution. It combines the power of data, technology and the insights of our subject matter experts to help organizations understand and mitigate their workforce risks, reduce costs, increase efficiencies and drive sustained outcomes and value for their stakeholders, including shareholders.

Our approach

Our solution is grounded in an integrated approach that starts with helping you understand the workforce-related risks that affect your business, how they interact and to what extent they impact your organization in areas like brand and reputation; talent and people regulations and compliance; and organizational structure, operating model and functional relationships. We offer a technology-enabled, collaborative approach through which we work closely with you to identify opportunities and propose and implement change across four key phases:

Align

This phase focuses on understanding your organization, including your purpose, strategy, functions and risk profile. We’ll work with you to create a workforce risk diagnostic report, which we’ll then use to pinpoint solutions to not just mitigate your workforce risks but also turn them into opportunities for competitive advantage.

Release

During this phase, we’ll work with you to implement your transformation plan and solutions, bringing diverse teams with deep functional and industry knowledge to help you accelerate and manage change.

Innovate

In this phase, we collaborate with you to develop a detailed transformation plan using the different levers available to address your workforce risks. We’ll help you look beyond your human resources function to incorporate perspectives from across the business, so you can adopt more effective and holistic solutions to your workforce risks.

Evolve

This final phase focuses on measuring the impacts of your solutions, changing course as needed and helping you develop your workforce risk capabilities. It includes preparing a second diagnostic report to track progress and scan the workforce risk landscape for new risks and opportunities.

Our workforce risk diagnostic tool

A critical element of our solution is our diagnostic tool, which combines quantitative and qualitative data to assess an organization’s workforce risks. Developed with the input of a broad range of subject matter experts, it incorporates more than 400 risks to give organizations a more complete picture of the issues they face and offers forward-looking insights into emerging and interconnected risk factors in real time.

The result is a personalized dashboard that accounts for your organization’s appetite for certain types of risks and gives you a more precise view of your investment priorities based on tailored recommendations for your business. You’ll be better able to see the potential impact and importance of individual risks, monitor and report on a standard set of workforce risk metrics and pinpoint both areas of concern and growth opportunities for your business.