Key Reflections for 2022
-
2022 has been another busy year for risk and compliance professionals. Fatigue, burnout and a growing disconnect with the “role purpose” and the organisation have been the key themes that have surfaced.
There is a yearning for the upcoming break to regroup and reset before coming back in 2023 with renewed energy, clearer vision and focus.
-
The last two years have highlighted the importance of empathy as a key attribute. With teams working virtually and candidate priorities and demands constantly changing, it has been challenging to engage teams and genuinely make a connection.
While teams continue to find their operating rhythm, the delivery pressures for leaders of risk and compliance functions continue to grow.
-
The trend of higher attrition continued through 2022 and will likely continue into 2023 as candidates continue to reassess priorities, whilst organisations strive to achieve the right balance of resourcing to combat the increased pressures of risk and compliance functions.
The growth of the risk and compliance profession combined with the ongoing "flight to quality", will continue to have a flow on impact to attrition and an upward trajectory for remuneration.
On a positive note, there is plenty of opportunity for creative resourcing and outside the box thinking. #pxresources, #pxpartners
-
Not much to be said here…
Cyber security and governance will continue to be a growth area (only exacerbated by recent events). Resilience and Crisis Management are also growth areas within the broader enterprise risk function.
Burnout
2022 has been another busy year for risk and compliance professionals. Fatigue, burnout and a growing disconnect with the “role purpose” and the organisation have been the key themes that have surfaced.
There is a yearning for the upcoming break to regroup and reset before coming back in 2023 with renewed energy, clearer vision and focus.
Leadership; not a walk in the park
The last two years have highlighted the importance of empathy as a key attribute. With teams working virtually and candidate priorities and demands constantly changing, it has been challenging to engage teams and genuinely make a connection.
While teams continue to find their operating rhythm, the delivery pressures for leaders of risk and compliance functions continue to grow.
Higher Attrition
The trend of higher attrition continued through 2022 and will likely continue into 2023 as candidates continue to reassess priorities, whilst organisations strive to achieve the right balance of resourcing to combat the increased pressures of risk and compliance functions.
The growth of the risk and compliance profession combined with the ongoing "flight to quality", will continue to have a flow on impact to attrition and an upward trajectory for remuneration.
On a positive note, there is plenty of opportunity for creative resourcing and outside the box thinking. #pxresources, #pxpartners
Growth in Cyber, Data and Resilience
Not much to be said here…
Cyber security and governance will continue to be a growth area (only exacerbated by recent events). Resilience and Crisis Management are also growth areas within the broader enterprise risk function.
