Understanding Critical Skills Shortage as a HR Management Risk

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Respected human resources professional J. Melissa Cooper functions as a managing partner of HirePerfect, which she cofounded. J. Melissa Cooper is experienced in managing the shortage of critical skills and other HR risks.

Critical skills shortage is perhaps one of the most common HR risks. Lacking an efficient workforce to drive your organization, work for a subsidiary, or implement strategic corporate policy can seriously hamper a company.

Companies that are newly formed, looking to tap into emerging markets, or planning to retire their aging workforce all face a critical skills shortage. Experienced HR professionals assess such shortages via a multi-step approach that involves analyzing the organization as a whole, assessing each of its positions, and both quantifying and prioritizing identified risks in terms of their potential severity and likelihood of occurrence. A contingency plan is then established for the company to ensure its smooth operation in the event of risk exposure.