How to Identify Talent Risk Implications Using the 8Cs

Talent risk is business risk. Talent is the lifeblood of an organization and in business, change is constant. In order to ensure your business can execute its strategic objectives, it's critical to know of any talent risk that may happen when you're either creating or refining your business strategy. We do that with a Workforce Implications Risk Assessment. This is a thorough look at talent in relation to situations, processes, etc. that may either impede or derail the organization's progress towards goal achievement. The first area where we begin to analyze talent risk is in the scenario planning stage. Here, the organization takes the data gathered from the environmental scan and the SWOT to start creating potential pathways to win, and that’s where we will begin today’s Talent Tip. I hope you enjoy this video and learn something that you can apply right away. If you did and want more, please subscribe to our channel. Be sure to check out our website for even more content, handouts, and free tools that will take you from where you are to where you want to be. 0:00 Intro 1:17 The 2x2 Matrix 1:29 Example scenario - Growing the Business 2:08 Growing by acquisition 2:33 Growing organically 2:54 The workforce 4:41 Where HR can make a huge contribution The 8Cs 5:13 Culture 5:46 Capability 6:04 Capacity 6:32 Connection 7:03 Cost 7:31 Compliance 8:08 Collaboration 8:46 Continuity 9:23 Workforce implications of talent risk Until next time. http://www.rutherfordgroup.org