People strategy Health & benefits

People Risk 2024 report

People risks are financial risks. This report, with data and insights from over 4,575 HR and risk professionals, including more than 1,000 in Asia, can help you manage the top people and business-related risks.

99% of People Risk respondents in Asia say HR and risk functions collaborate to mitigate people risks, but they do not align on several risk priorities.

Rising healthcare benefit costs and increasing insurance prices in Asia have strained organisations' ability to offer competitive compensation and benefits. Organisations are also facing challenges in acquiring specialised skills for innovation and securing lower-wage workers for operational tasks, leading to an increased risk of labour shortages.

In the People Risk 2024 Report, we identified 25 key risks as well as blind spots from survey respondents and grouped them into five pillars to enable risk and HR managers to mitigate people risks effectively across their organisations.

Investing in your people, protecting your business.

When HR and risk professionals collaborate and think innovatively, your people and your business can thrive.

As concurrent crises impact businesses and their workforces, today's people risk landscape brings new concerns that were not previously seen as employee risks. People risk practitioners, including HR and risk professionals, are struggling to address non-traditional and interacting risks, like disruptive technologies, misinformation, and disinformation, extreme weather events, an aging workforce, and labor shortages, which are all impacting employee health and well-being.

We wanted to help organizations better understand and manage the health of their businesses and their employees. So we sought opinion from over 4,500 HR, risk, finance, and health, and safety professionals. We found that expectations from stakeholders are intensifying, from leaders to employees.

Risk management now needs to consider a broader ecosystem, including supply chains and communities in which businesses operate. We found that when HR and risk practitioners focus time, budget and effort on addressing the five pillars of people risk, they can improve the health and resilience of their people and their businesses.

With an even stronger partnership between HR and risk, the more effective they will be. Take a proactive, predictive, and disciplined approach to people risk management. It's time to invest in your people and protect your business. Download our free report today.

Are you ready to explore the top people risks and strategies to mitigate them?

Key findings

Click to learn more about the five pillars of risks:

Talent and workforce issues are among four of Asia's top 10 people risks.
Organisations face challenges in securing skilled employees.
There are growing disparities between rewards for existing employees and new hires.

Mental health deterioration is becoming a more significant concern in Asia.
Factors that impact employees’ well-being include living wage, career growth, and healthcare costs.
Chronic illness risk is not given sufficient attention amid increasing healthcare costs.

Three of the top 10 people risks in Asia are tech-related.
The inability to appropriately manage artificial intelligence (AI) tools can impact an organisation’s competitiveness.
‘Technological change and disruption’ was identified as the biggest threat to organisations in the short term (1–2 years).

Increasing health and benefit costs is the most pressing concern globally.
41% are concerned that healthcare expenses are rising beyond general inflation.
More than 60% of respondents do not have an articulated strategy to manage benefit costs.

Managing employees’ expectations around salary increases amid high inflation is a top concern in Asia.
More than 40% of respondents are concerned with the lack of benefits to cover climate-related health conditions.
‘Environment, sustainability and protection’ was identified as the biggest threat to organisations in the medium term (3-5 years).

Explore the top 3 risks by region and industry

We captured the top trends across 8 regions and 12 industries so you can explore where they align and how they differ. Download the report to gain a deeper understanding of the 25 people risks, their implications, and actions for your organisation and workforce.

People are an organisation’s most important strength, but if not managed properly, can bring significant risks to a business.

Use the People Risk 2024 Asia Snapshot to prioritise and mitigate the most critical people risks across your business:

Identify risks with the greatest impact on your workforce.
Discover risk blind spots.
Get strategies to mitigate risks identified in the five pillars.
Learn from case studies to proactively manage risks.

Download the report

Please complete the form to download the complimentary report and Asia snapshot.

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People Risk 2024 report

People risks are financial risks. This report, with data and insights from over 4,575 HR and risk professionals, including more than 1,000 in Asia, can help you manage the top people and business-related risks.

Investing in your people, protecting your business.

Are you ready to explore the top people risks and strategies to mitigate them?

Key findings

Explore the top 3 risks by region and industry

People are an organisation’s most important strength, but if not managed properly, can bring significant risks to a business.

Download the report

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People Risk 2024 report

People risks are financial risks. This report, with data and insights from over 4,575 HR and risk professionals, including more than 1,000 in Asia, can help you manage the top people and business-related risks.

Investing in your people, protecting your business.

Are you ready to explore the top people risks and strategies to mitigate them?

Key findings

Talent, leadership and workforce practices

Health, well-being and safety

Technological change and disruptions

Governance, compliance and financial

Environment, sustainability and protection

Explore the top 3 risks by region and industry

People are an organisation’s most important strength, but if not managed properly, can bring significant risks to a business.

Download the report

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