The Retirement Plan Blog
The Retirement Plan Blog
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National Benefit Services, Inc., is a Chicago-based employee benefit consulting and administrative firm that serves private-held companies, publicly traded companies, and public sector employers.
The Retirement Plan Blog is written and maintained by Jerry Kalish, President of the firm which he founded in 1978. Jerry has over 30 years of experience with a wide variety of employee benefit plans including retirement programs, welfare benefit plans, executive benefits, and employee ownership programs. He provides continuing education programs for CPAs and financial services and human resource professionals. Jerry has authored and edited two books on employee benefits and he is currently at work on his third book, the subject of which is retirement plans for the 21st Century
Top ten list of global risks
05 | 29 | 2009
Posted By Jerry Kalish
No, it’s not one of those Letterman things. It’s a lot more serious matter. The ability to manage increasingly complicated risks in today’s difficult economy can be the difference between business success and business failure.
Risk, of course, is in the eye of the beholder. A recent survey by Aon Corporation provides some insight as to how employers in the global economy measure and prioritize risk. In October and November 2008, 551 employers responded from more than 40 countries and across 31 industries responded to an AON survey to find out their views of emerging and escalating business risks, and the steps they are taking to address these challenges.
The results were published in Aon's 2009 Global Risk Management Survey report which lists the top ten most pressing global risks:
1.Economic slowdown
2.Regulatory/legislative changes
3.Business interruption
4.Increasing competition
5.Commodity price risk
6.Damage to reputation
7.Cash flow/liquidity risk
8.Distribution or supply chain failure
9.Third-party liability
10.Failure to attract or retain top talent
The #1 risk, “economic slowdownâ€, came as no surprise to me. But what did pop out at me is #10, “failure to attract or retain top talentâ€. Maybe it’s because of the economy that some employers aren’t as concerned about that, but maybe it's also a bit short-sighted.
You can download the complete survey here (registration required).
Copyright © 2009, National Benefits Services, Inc.
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