Last year, I predicted the work force would continue to shrink. I was right. Relative to the population, the work force continued to dwindle, and it will continue to do so in 2015. The percentage values will become even more dramatic when considering the migrant workforce (legal and otherwise). As such, it’s still a good year ahead for those who can find ways to leverage smaller staffs in 2015. Tragically, this will lead to a greater divide between the rich and the poor. Any industries marketing with a “we care” strategy that applies across the “have/have-not” divide will be seen as philanthropic and societally beneficial (in a time of increased political turmoil).
Turmoil bodes well for me and my peers in the risk community. Some organizations will make the mistake of centralizing their risk management, for which they’ll pay a price when risks come to roost in obscure components of their organizations. Those components will blame the central office. The central office will blame the components for not being risk-aware. How do you win? Spread risk management responsibility across the organization. Make every staffer a risk manager, and you build the infrastructure you need to get through 2015.
Oh, and yes, we’ll have flying cars…
[Editor’s Note: This post is part of the annual “Cutter Predicts …” series.]