People Risk 2024 report
Gain insights into the people risks assessed by over 4,575 HR and Risk professionals—including over 100 in Philippines—for effective talent retention and employee health and benefits strategies.
98% of People Risk 2024 respondents reported collaboration between HR and risk managers, but they do not align on several risk priorities.
Philippines is facing an increasing health and benefit costs as its top risk, fuelled by inflation, straining organizations’ ability to offer competitive compensation and benefits.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 HR and risk managers to mitigate people risks effectively across their organizations.
Investing in your people, protecting your business.
When HR and risk professionals collaborate and think innovatively, your people and your business can thrive.
Are you ready to explore the top people risks and strategies to mitigate them?
Get the Global report
Get global insights to refine your workforce strategy and risk management approach for your business.
Gain Philippines-specific insights
Get a quick look at the key findings from respondents in Philippines, which provide actionable insights for managing people risks in your organization.
Key findings
Click to learn more about the five pillars of risks:
- Driven primarily by inflation in the Philippines, increasing health and benefit costs has become a leading risk.
- Healthcare system deterioration and unsafe working conditions rank high in Philippines, even though it is not amongst top 10 globally / in Asia. It is recommended for employers to play an active role by investing in the health and productivity of their workforce, in collaboration with medical partners/vendors and/or insurers.
- While this risk emanates from various factors like rapid economic growth outpacing labor supply, the Philippines’ workforce landscape is primarily vulnerable to inflation and skills mismatch.
- As the top overall risk in 2022, cyber security and data privacy continues to be of concern in Philippines for HR professionals and risk managers. Implementation of new technology without transforming how employees work is an area of concern.
- Minimizing benefit disparities is a top sustainability and protection concern. Regarding environment-related risks, with Philippines prone to climate-related hazards, employers need to take into consideration climate issues as part of their benefits agenda.
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 organization’s most important strength, but if not managed properly, can bring significant risks to a business.
Use the People Risk 2024 Philippines Snapshot to prioritize 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.
Get the Global report
Get global insights to refine your workforce strategy and risk management approach for your business.
Gain Philippines-specific insights
Get a quick look at the key findings from respondents in Philippines, which provide actionable insights for managing people risks in your organization.
Download the report
Please complete the form to download the complimentary report and Philippines snapshot.
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