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Aon Hewitt releases 2012 People Risk Index

Aon Hewitt releases 2012 People Risk Index Global organisations rely heavily on location for business success.  It is well understood by experienced HR practitioners that to recognise the risks related to managing workforce productivity, the local conditions of where the business operates must be taken into consideration.

However, risks associated with people are also significant to business success.  The assessment of people risks is often ad hoc, subjective and non-quantifiable.  The result can be a poor understanding of the underlying and full business risks of operating in any give location.

Aon Hewitt's People Risk Index ranks locations' risk to recruiting, employing and redeploying people by comparing 30 factors across 131 locations worldwide.  These 30 factors can be clustered into five areas;

. Demographic risks are those associated with labour supply, the economy and society.
. Government Support risk factors are those where government policies and practices either help or hinder the management of people in that location.
. Education risk factors seek to measure risks associated with finding qualified professionals in a location.
. Talent Development risk factors look at the quality and availability of recruiting and training resources.
. Employment Practices risk factors seek to measure the risks associated with employing people at a given location.

Rick Payne, Regional Talent and Rewards practice leader for Aon Hewitt in Asia Pacific said, "Identifying locations and formulating a successful workforce planning strategy involves looking beyond cost.  The Aon Hewitt People Risk Index helps companies adopt a systematic and holistic approach that compares and measures talent factors and risks by location."

This year's index confirms New York as the world's lowest risk city, based on factors such as a positive immigration rate and high workforce productivity.  However, it does have a higher employment risk than any of the other top five cities due to higher violence and crime rates.

Singapore is the only city outside of Europe and North America to be listed in the top five lowest risk cities whilst Lagos, Baghdad and Damascus have been found to be cities with some of the highest risks, mainly due to political turmoil and lack of stable government.

To access the People Risk Index and to read a summary of research trends click here.

Aon Hewitt, the world's pre-eminent human resources consulting and outsourcing firm, forms part of Aon, the UK's largest insurance broker.  To find out more about Aon click here.

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