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Managing people risk

Prepare today to manage the risks that impact your workforce.

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Report

People Risk Report: Pulse Update 2023

Discover the latest trends and insights from 216 HR and Risk Managers in Australia and New Zealand.

When your people are healthy and protected, your business is healthy and protected

People-related risks have risen sharply up the boardroom agenda as a result of the single largest health crisis of our time.  

People are an organisation’s most important strength, but they can bring significant risk to your business if not properly managed. Never before has it been so crucial that HR and risk management break down silos and work together to protect, equip, and motivate this critical asset.

Mercer Marsh Benefits provides organisations with a single source to manage business risks associated with the impact of employee illness and injury (people risks), including; risks, costs, expectations, obligations and complexities.

We partner with hundreds of organisations across Australia, to help them better understand their people risks, to ultimately unlock savings and improve employee health and wellbeing.

 

Our approach

Our approach is to view the management of people risks in a cycle. We believe there is an opportunity for organisations to change the focus of people risk management to better address keeping employees healthy, well and productive above the health line, to contain costs, improve productivity and minimise the impact of ill health below the line.

Depending on where you are in your journey to building a healthy, protected and productive workforce, we can either partner with you on individual class-leading products & services, or as a fully integrated program.

LCPA: 24/046

Managing people risk

When HR and risk professionals work together, they can mitigate people risks linked to cyber threats, new legislation, employee safety and the changing nature of work. Prepare today to manage the risks impacting your workforce now and in the future.

Understanding and evaluating dynamic people risk factors is a top priority for business leaders who want to turn vulnerabilities into strengths. Employee health and benefits plans can be used strategically to manage a range of threats, while helping protect your workforce and improve business performance.

Helping you overcome your greatest challenges

It’s never been more urgent to tackle people risk management.

Organizations can no longer simply react to unfolding events. Instead, they should build on the lessons learned from the pandemic and put in place a strong foundation that will allow them to thoroughly anticipate and mitigate risks.

Never before has it been so crucial that HR and risk management break down silos and work together to protect, equip, and motivate this critical asset.

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2/3 of Australian and New Zealand HR and risk professionals claim employee health and wellbeing risk is likely to impact their organisation in the next three years. 

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Health and Safety

*All statistics cited are from Mercer Marsh Benefits People Risk 2023 report.

Risk managers across Australia and New Zealand rated two of their top 5 risks as governance and financial risks. As the requirements related to total rewards management become increasingly complex, businesses must work to ensure they are being compliant, prudent and fair.

 

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Governance and financial

*All statistics cited are from Mercer Marsh Benefits People Risk 2023 report.

Accelerated digitisation is pushing digital risks, including cybersecurity and the impacts of automation and AI, to the forefront. Indeed, cybersecurity and data privacy is a top people risk facing Australian businesses today.

 

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Accelerated digitization

*All statistics cited are from Mercer Marsh Benefits People Risk 2023 report.

Our 2023 People Risk Report: Pulse Check found that talent practices was a consistent top 5 risk area in Australia and New Zealand. 

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Talent practices

*All statistics cited are from Mercer Marsh Benefits People Risk 2023 report.

The increasing cost of health, risk protection and well-being benefits is a top priority for businesses across Australia. Employers are facing challenges with factors such as inflation and a reduced insurer appetite for risk, while claims are becoming more frequent and longer in duration.

 

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Cost management

*All statistics cited are from Mercer Marsh Benefits People Risk 2023 report.

Environmental and social risks were rated as the third highest ranking people risk in terms of likelihood and severity. Organisations are under increasing pressure from customers, employees and investors to address inequalities, remove disparities and combat climate change.

 

We are the only people who can partner across the whole cycle of business needs

Taking a more strategic approach by investing in keeping your employees well, safe and productive - above the ‘health line’ to contain increasing costs, reduce absenteeism and minimise the impact of ill health below the line.

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Attract/Retain

the talent your business needs, through a culture of care and wellbeing, supported by benefits and a focus on health to strengthen your Employee Value Proposition.
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Manage Risk

of mental and physical illness, injury, occupational safety, cultural/reputational damage, compliance and legislation.
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Rehabilitate

and return employees to the best state they can be, back to health and productivity.
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Insure

against the risks of sickness and injury costs and loss of income.

Our Solutions & Expertise

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Employee health & benefits
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Workers' Compensation
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Wellbeing

Do you want to better understand and manage your people-related risks?

Speak with one of our team today.

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How we can help

Depending on where you are in your journey to building a healthy, protected and productive workforce, we can either partner with you on individual class-leading products & services, or as a fully integrated program.

We work in partnership with businesses, bringing deep technical expertise from brokers, consultants and allied health professionals to support:

  • Data analytics and forecasting
  • Insurance placement and risk financing
  • Risk control assessments & protocols
  • Legislation and regulation compliance
  • Training and education
  • Strategic claims management 

How Mercer Marsh Benefits can help

Helping you manage your people risks

Use our insights and analysis to help you understand your workforce-related exposures and stay ahead of the curve on employee health and benefits risks.

Understand your people-related risks

Use our 25 people risks that we’ve grouped into five categories to identify, prioritize, and manage the threats that are most pertinent to you.

Measure your exposures

Measure and quantify your exposures with our proprietary employee health and benefits risk assessment tools, enabling you to focus on data-led decision making.

Manage the threats to your workforce

Take advantage of our innovative insurance solutions and risk management services, and tailor them for your unique employee health and benefits risk profile.

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“Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.”