The same forces that are impacting our lives today are also affecting workforce dynamics. Socio-economic and technology disruptions, political uncertainty and climate threats all contribute to workforce risks. Creating value – by solving the real problems you need to focus on – starts with understanding your workforce risk and opportunity landscape.
We can help you to understand workforce-related risks, identify opportunities and find solutions. Empowering you to not only assess your workforce related risks but even turn them into legitimate market opportunities.
Serafine Vandebuerie, Partner, PwC Belgium
41%of Belgian CEOs do not believe their business will be viable in a decade without reinvention.
36%of workers will need complete reskilling by 2025.
62% of organisations predominantly seek to uncover opportunities within risks.
Source: PwC's 26th Annual CEO Survey, 2023
Source: PwC Hopes & Fears, 2023
Source: Global Risk Survey, PwC 2023
Workforce-related risks are more interconnected than ever. Profound market shifts are accelerating the need for organisations to not only understand the risks impacting their organisations but to leverage them to drive competitive advantage.
It’s not enough for organisations to respond reactively. Organisations and their leaders are now judged on how effectively they preempt and navigate these challenges.
That’s why we have designed the Workforce Risk framework. It’s an easy to understand, manageable model to assess and clearly see the risks you are exposed to, the strengths available across your organisations, and your development opportunities. It provides a clear and precise view enabling you to navigate your challenges effectively by helping you prioritise, act with impact and adopt mitigating measures.
Workforce Risk framework
The Workforce Risk framework positions workforce risk at the heart of the organisation’s strategy and operations. It is a strategic, data-driven tool to identify and address each of the risks inherent in the business environment and the requirements they bring.
Brand and reputation
Your brand and reputation are a commodity. Understanding the impact of your workforce on the perception of your brand, internally and externally, is therefore critical. Proactively identifying both the risks and opportunities to improve will help you prevent crises.
Regulatory and compliance
Understanding your workforce-related regulatory and compliance landscape and taking a forward-looking, proactive approach will create financial and reputational value. As you keep ahead of the curve on emerging regulatory obligations, you will create competitive advantage.
Talent and people
Talent and people are at the heart of any organisation. Understanding how your people are managed and rewarded, and their lived experience of your organisation, will be key to unlocking their true potential.
Organisation
Your organisation's structure, operating model and tooling ecosystem are the foundation for successfully managing your workforce risk landscape. Unlocking the potential of a best-in-class organisational strategy will drive efficiencies and value, in turn building a resilient business.
With many dynamics at play, it’s important to understand how all of your workforce-related risks interact and to what extent they impact your organisation. Our extensive and tailorable framework leverages market intelligence and a holistic outlook on the challenges you are facing to provide you with an unique view on the risks residing within and outside your organisation.
Hover over any risk or business category to explore
| Risk | Lever | Brand and Reputation | Regulatory and Compliance | Organisation | Talent and People |
| HR Strategy Effectiveness | Workforce Strategy | 10 | 10 | 40 | 40 |
| HR Process and Policy | Workforce Strategy | 10 | 10 | 40 | 40 |
| HR Function Effectiveness | Workforce Strategy | 10 | 10 | 40 | 40 |
| Employee Value Proposition | Workforce Strategy | 20 | 0 | 0 | 80 |
| Culture Strategy | Workforce Strategy | 40 | 0 | 20 | 40 |
| Intergenerational Cultural Perspectives | Workforce Strategy | 40 | 0 | 20 | 40 |
| Culture and Leadership Alignment | Workforce Strategy | 40 | 0 | 20 | 40 |
| HR Operating Model Effectiveness | Workforce Strategy | 0 | 0 | 80 | 20 |
| Organisational Agility | Workforce Strategy | 0 | 0 | 80 | 20 |
| Effective Integration of Functions | Workforce Strategy | 0 | 0 | 80 | 20 |
| Performance Management Tools and Technology | Workforce Strategy | 20 | 10 | 10 | 60 |
| Talent and Succession Tools and Technology | Workforce Strategy | 20 | 10 | 10 | 60 |
| Learning and Development Tools and Technology | Workforce Strategy | 20 | 10 | 10 | 60 |
| Society Wide Skills Availability | Workforce Strategy | 20 | 0 | 10 | 70 |
| Hybrid and Remote Working Strategy | Workforce Strategy | 20 | 0 | 10 | 70 |
| Talent Upskilling Strategy | Workforce Strategy | 20 | 0 | 10 | 70 |
| Wellbeing Strategy | Workforce Strategy | 20 | 10 | 0 | 70 |
| Wellbeing Monitoring | Workforce Strategy | 20 | 10 | 0 | 70 |
| Executive Pay | Tax and Benefits | 40 | 10 | 0 | 50 |
| Reward Strategy Effectiveness | Tax and Benefits | 20 | 10 | 10 | 60 |
| Employment Tax Compliance | Tax and Benefits | 10 | 80 | 0 | 10 |
| Union and Industrial Action | Risk and Regulation | 20 | 60 | 0 | 20 |
| Hybrid and Remote Working Compliance | Risk and Regulation | 20 | 60 | 0 | 20 |
| Employee Relation Management | Risk and Regulation | 20 | 60 | 0 | 20 |
| Coporate Washing | Risk and Regulation | 70 | 10 | 0 | 20 |
| Social Value | Risk and Regulation | 70 | 10 | 0 | 20 |
| Workforce ESG Reporting Obligations | Risk and Regulation | 30 | 60 | 0 | 10 |
| Complexity and Availability of Policies | Risk and Regulation | 20 | 60 | 0 | 20 |
| Safety and Security of Employees | Risk and Regulation | 20 | 60 | 0 | 20 |
| Policy Horizon Scanning | Risk and Regulation | 20 | 60 | 0 | 20 |
| Expense Fraud | Risk and Regulation | 10 | 80 | 0 | 10 |
| Geographically Mobile Employees | Risk and Regulation | 10 | 80 | 0 | 10 |
| Leadership Alignment and Understanding | Leadership | 20 | 10 | 0 | 70 |
| Top Team Effectiveness | Leadership | 20 | 0 | 40 | 40 |
| Leadership Succession Planning | Leadership | 20 | 0 | 40 | 40 |
| Leadership Development Strategy | Leadership | 20 | 0 | 40 | 40 |
| Demographic and Population Changes | ESG | 60 | 10 | 10 | 20 |
| Political Commentary | ESG | 60 | 10 | 10 | 20 |
| Political and Social Neutrality | ESG | 60 | 10 | 10 | 20 |
| Employee Targeting | Digital | 20 | 80 | 0 | 0 |
| Insider Risk | Digital | 20 | 80 | 0 | 0 |
| Cyber Risk Culture | Digital | 20 | 80 | 0 | 0 |
We can support you to leverage data to look forwards as well as backwards, weeding through emerging and often interconnected risk factors in real time. The end result for you? Personalised insights that take into account your appetite for types of risk, and less guesswork to precisely identify your investment priorities.
Our risk profile dashboard provides you with a high level overview of your key risks and opportunities by workforce category or function, allowing you to focus on areas of high potential, prioritise and maximise investment returns.
Our risk heatmap allows you to see the potential impact or importance of individual risks, and visually compare different parts of your business. This gives you a bird’s-eye view of where to focus your resources and investment.
