Nearly 49% of Indian organizations are worried about investing in artificial intelligence without providing sufficient employee training, as per a report. The study by Marsh revealed that weak cyber threat literacy is considered a significant people risk by 52% of these organizations. In India, the primary people risk identified is benefits inflation, with 65% of HR and risk professionals anticipating a rise in health and benefit costs in the next one to two years.
Technology disruptions, economic pressures, and changing talent dynamics are reshaping the risk landscape for enterprises. The report, based on feedback from over 4,500 HR and risk professionals across 26 markets, including 311 from India, highlights the challenges faced by organizations and their workforce. These vulnerabilities directly impact organizational resilience and business performance in India, according to the report.
Employees in India trust their employers for access to affordable healthcare, with 96% relying on them for quality medical coverage. However, 41% of respondents noted that benefit decisions are often made without considering the long-term cost implications, while 40% stated that the health and financial impact on employees are not adequately considered. Labour shortages rank as the top concern for HR professionals in India, standing as the fourth overall risk, the report pointed out.
The lack of supervisory and leadership skills is identified as a significant risk multiplier in India, with 62% of respondents highlighting that weak leadership could have a catastrophic or high impact on organizations. Additionally, transparency, fairness, and inclusion are key concerns within India’s top five risks, surpassing their global counterparts.
