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Analyze and Interpret

Internal and external data reviews will provide insight into determining which organization functions are most at risk and where the skill gaps exist in the organization. In addition, using the workforce risk assessment will help determine organizational and stakeholder impact, as well as vacancy risk levels.

Determine Organization/Stakeholder Impact
Identify the impact of significant changes in the availability of skilled talent.

High Impact:
Lack of staff in this function would bring operations to a halt, pose public health or safety risk, etc.

Low Impact:
Lack of staff in this function would result in an inconvenience; some work may go undone or may result in slight workload increase for others.

Determine Level of Vacancy Risk
Evaluate the difficulty to fill vacancies based on external or internal factors.

High Risk Vacancy Examples:
Lack of available talent to hire or promote from within in a High Impact position.

External factors: few graduates, specialized certifications, assignment locations, wage competition, etc.
Internal factors: lack of "skills ready" candidates to draw upon internally.

Low Risk Vacancy Examples:
High Impact positions are in plentiful supply to promote from within or hire externally.

Multiple vacancies in low impact positions represent increased hiring activity but are not difficult to fill.

  • Assessments and Worksheets

    Using the Workforce Risk Assessment, organizations can list job classifications and function on the Organization Impact and Vacancy Risk Assessment chart (Word version) and (PDF version).  

    Once classifications are rated each function can be plotted into the Impact and Vacancy Risk Map (Word version) and (PDF version).  Functions in the red box (upper right hand corner) can be prioritized to address the most critical organization functions.

  • Impact Analysis

    Using all of the data collected thus far, a smart organization must also consider talent and skill gaps.  During the implementation and action planning stage, those gaps must be considered and planned for accordingly.