Executive Views on Top Risks for 2016 Management Resources

Executive Views on Top Risks for 2016 Management ResourcesExecutive Views on Top Risks for 2016 Management ResourcesResearch for the fourth annual Executive Perspectives on Top Risks Survey from Protiviti and North Carolina State Universitys ERM Initiative shows business leaders across industries are slightly more concerned, overall, about the risk environment for 2016, compared to 2015. Respondents to the survey represented several countries about half were from the United States.While there has bedrngnis been dramatic change in concern over the past year, its important to note that the executives and board members surveyed for the 2015 report were feeling more optimistic about the future albeit tentatively. The slight uptick in concern this year may indicate many leaders have adopted a more cautious outlook as recent dynamics and events have reminded them that their business operates in a risky world.According to the report, organizations are taking steps to meet new risk challeng es head on Most respondents indicated that their business is likely to invest additional resources toward risk management this year. This may be a sign that more business leaders are realizing that their organization should increase the sophistication of its risk management practices given the fehlte nicht viel pace at which complex risks are emerging.What types of risks are on the minds of executives and board members this year? Here are the top five risks for 2016 cited by respondents, along with some analysis1. Regulatory change and scrutiny may heighten, noticeably affecting the manner in which companies deliver their products or servicesRegulatory issues once again ranked first among top risks, although business leaders overall concern about this risk was down slightly from last year. Executives and boards of directors at U.S.-based organizations expressed more concern about this risk than their counterparts in other countries.It was also the number-one risk for every industry represented in the survey, except for manufacturing and distribution, which ranked this risk fifth leaders at these organizations appear to view regulatory change and scrutiny as more of a long-term issue, according to the survey report.2. Economic conditions in markets that organizations currentlyservemay restrict their growth opportunitiesThis risk level is slightly elevated when compared to 2014 and 2015. In addition, 60 percent of respondents rated this as a significant impact risk. CEOs and boards of directors rated this as a top risk chief audit executives did not. Internal audit leaders classified risks such as regulatory changes and scrutiny, insufficient preparation to manage cyber threats, and succession planning, recruitment and zurckhalten challenges as being more significant concerns for their organizations this year.3. Organizations may not be sufficiently prepared to manage cyber threats that have the potential to significantly disrupt core operations and damage their brandCyber threats are a concern for any technology-enabled business, and 2015 and 2016 have seen a number of significant attacks targeting large enterprises in the public and private sectors, including retail, government and healthcare organizations. So, it is not surprising to find that this risk not only ranked again as a top-five concern for business leaders, but it was also the number-one risk cited by executives and board members at large organizations.4. Succession challenges and recruiting and retention issues may limit organizations ability to achieve operational targetsThe demand for skilled talent is relentless in many industries, and employers often find recruitment and retention of in-demand professionals an intense struggle. This risk ranked in the top five for all industries included in the survey, indicating that there is general concern in the business world that the tightening labor market may undermine organizations future ability to assemble teams with specializ ed skills and expertise needed to support growth.5. Ensuring privacy/identity management and information security/system protection may require significant resourcesThis year marks the first time this risk has been included in the top five. Its inclusion in this leader group can likely be attributed to growing concerns by executives and boards about their organizations ability to protect personally identifiable information and other sensitive data in an increasingly treacherous cyber risk landscape. Businesses embrace of new and disruptive technologies, such as cloud computing and social media, make managing privacy, information and business system security even more challenging.Notably, several risks listed above (3-5) are categorized by Protiviti and North Carolina State Universitys ERM Initiative as operational risks in fact, half of the top 10 risks for 2016 are operational risks.In a recent blog post for The Protiviti View blog, Protiviti managing director Jim DeLoach said he w as not surprised by the high number of operational risks weighing on business leaders minds. He added that the current risk environment has companies focused on preserving bottom-line performance.Improving the risk assessment processThe authors of the 2016 survey report recommend that executives and boards of directors maintain an active dialogue and discussion concerning potential risks to their organization. Following are examples of key questions business leaders should seek to answer as a diagnostic for evaluating and improving their risk assessment processDoes management apprise the board in a timely manner of significant risks or significant changes in the organizations risk profile? Is there an effective process for identifying emerging risks? Does it result in consideration of response plans on a timeline basis?Does the organizations risk assessment process engage the appropriate executives and stakeholders to ensure that all appropriate risk perspectives are understand and considered?Are risks evaluated in the context of the strategy and incorporated as a key consideration in the organizations decision-making processes on an ongoing basis over time?To see the full list of key questions that business leaders should consider when evaluating their risk assessment process, as well as the list of top 10 risks for 2016, visit the Protiviti website. There, you can download a free copy of the latest Executive Perspectives on Top Risks Survey report and access other resources related to the 2016 survey.Do you need expert support for your risk management initiatives? Robert Half Management Resources can provide highly skilled consultants for your next project. In addition to project staffing, we offer solution consulting in partnership with Protiviti, a Robert Half subsidiary. Contact us to learn more.1.855.432.0924

How to make progress everyday and leave the worry behind

How to make progress everyday and leave the worry behindHow to make progress everyday and leave the worry behindWhat does everyday progress even mean?Every day progress is really about living yur best life. Fluffy, right? Well, yeah. But thats the 30,000-foot view. I think about this because recently, someone asked me how did I know I was ready to do the work that I love to do. I said,Because Im proud of the life I live each day and I stick to my values and principles and try to do mybest.You have to keep it simple. Thats how you make progress. Thats the magic for how you keep going with consistency each day. While I do believe in taking a day off here and there, there also shouldnt be any off days in terms of making progress.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moreThink of this in the context of always wanting to stick to your values, how you define success and how you want to make you r mark on the world.Seeing successful, happy and fulfilled people reminds me that theres so much consistency to what they do. Theres progress each day. In how they love and treat their husband or wife.How they love their children. Whether theyre legitimately becoming more mentally, spiritually, emotionally and physically stronger and prepared to meet every new task and challenge in front of them.Thats beautiful stuff. It takes foresight, self-awareness and a mindset of a winner.And lets be honest- it takes sacrifice. Often times, when we keep focusing on the things that it takes to be the best in what we do, we recognize that we sacrifice in other areas. And the truth is, while we know in our heart that giving up these lesser options is the right thing to do, that doesnt make it easy.There are temptations to give in. To compromise our values or simply our daily routine or list of things to do. Please know, sometimes repeating mistakes of the past happens.Doing the wrong thing, while knowing youre doing the wrong thing isnt good. But it shouldnt mean that you blame yourself and put yourself in some personal prison. All the self-condemnation in the world will do you no good.Were human. As a friend once told me, Give yourself some grace.Were going to screw up and part of progress- yes, for real- is actually growing and picking yourself up from the space of adversity and stumbles.So much of everyday consistency and progress for me is tied to having a plan. Having big goals, wanting big results and following the process to get there. This process is what I help coaching clients with every day. This is where the real battle for progress is won.I also encourage everyone to follow your intuition. Follow your heart. It has this unbelievable knack of letting you know what it really means to do whats right FOR YOU. Listen to that voice inside of you and trust yourself.When youre living a good life, your intuition and your heart will tell you. Its what Ive used as my guid e. I can literally feel emotionally and physically when Im about to do something wrong. I know it. Maybe you know the same feeling.Make progress every day by following a simple path. Dont put too many things on your plate?- ?yes that includes both tasks and worries Keep things as simple as possible. Use positive affirmations and visualization to binnensee yourself achieving and accomplishing what you want to do.The Wins will pile up for you and youll feel the grace of knowing youre doing the right thing.Join my newsletter for the bestemotional intelligence and productivity content on the InternetGet a FREE Coaching Call to Explore Your Emotional Intelligence, and Learn how to Achieve Your Biggest Goals Check out my Amazon bestseller, The Value of You, which has helped tens of thousands of people develop the game plan for living their best lifeYou might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you s ay, study finds10 lessons from Benjamin Franklins daily schedule that will double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people

3 Real Estate Tips That Will Get You Hired

3 Real Estate Tips That Will Get You Hired3 Tips to Get You Hired3 Real Estate Tips That Will Get You HiredGetting a job is a lot like selling your house. You have to make a powerful first impression (curb appeal), you have to give off a fairly normal vibe (hide the weird stuff), and you have to make sure the employers knows theres something special about you (the wow factor). But in the end, it may just be gut instinct that matters most.1) Curb AppealPeople will make a snap decision about you at first glance. Appealing? Or elend? So, only beautiful people can get jobs, right? Wrong Take a moment to picture your employed friends, family, and coworkers. Not a universally good-looking bunch, are they? Good curb appeal for a job candidate simply means arriving on time looking clean, well-dressed, and prepared.2) Hide the Weird Stuff For every potential house buyer who loves metallic 70s wallpaper or a room-sized collection of turtle figurines, 100 will be turned off by it. True, people should just overlook the weird-but-irrelevant stuff. But we dont live in pretty, pretty Perfectland. Hiring managers are more likely to fixate on the weird stuff and ignore your credentials. In both real estate and job hunting, youre trying to appeal to the greatest number of people to maximize your chances. If you want to get hired, neutralize the weird.3) The Wow FactorFigure out what is it about you thats truly unique and valuable to the employer, then make sure you get that message across. Maybe youre already a Windows 7 whiz and can help train the staff when they upgrade. Maybe you have a true knack for calming down irate customers, or you can spot typos from across the room. Try to find that factor that will make them go, Wow and communicate it clearly in your resume, cover letter, and interview. Make it the icing on the cake.In the end, hiring decisions, like house-buying decisions, usually come down to a gut feeling. With houses, we ask ourselves, Can I binnensee myself livi ng here? Likewise, hiring managers ask themselves, Can I see myself (and my team) working with this person effectively? They have to feel comfortable that you can do the job and mesh with the companys work culture. The way you stage yourself is a big part of how they answer that question.What other house-hunting and job-hunting parallels can you think of? Leave a comment below.