The shortage of talent. Our organizations are experiencing critical skill and talent shortages. Necessary skill sets become difficult to find and costly. ERM incorporates this issue as talent risk. As an ERM manager, what would you do to put effective risk mitigation plans in place for talent risk?

Please NOTE: These are NOT meant to be research papers but rather somewhat informal dialogue. However, if you paraphrase or directly quote a resource, then cite it properly using APA 6th.

I need atleast 2 references in APA format.

Answer preview

As an Enterprise Risk Manager (ERM), I would develop an effective risk mitigation plan in place for talent risk. It is because the organization is facing critical skill and talent shortages, which becomes costly and difficult to find. Therefore, the talent risk mitigation plan will first conduct a risk assessment of the current employees. The evaluation will evaluate whether the company is likely to retain or lose the present…

 

(350 words)