Fourth Edition: Natural Resources Industry Risk Insights
Snapshot
- People-related risks are among the top concerns for the Natural Resources sector, with failure to attract and retain talent ranked in the industry’s top five risks. Workforce shortages and work injuries are also significant, both appearing in the top 25 business risks for the sector.
- Costs associated with staff attrition—such as lost productivity, recruitment, and training—can have a major impact on business performance. Analysing turnover data, understanding its drivers, and taking targeted action can help mitigate high employee turnover and its associated costs.
- Companies that personalise their Employee Value Proposition (EVP) and use data-driven approaches to benefits and engagement are better positioned to attract and retain top talent.
Welcome to the latest edition of Aon’s Natural Resources Industry Risk Insights.
In this publication, we continue our focus on people risks—one of the most critical areas facing the Natural Resources sector today. Recent surveys highlight that risks such as failure to attract and retain talent, workforce shortages, and work injuries are not only prevalent but have considerable business impacts. Yet, these risks are often underestimated or not addressed with the urgency they deserve.
This edition explores:
- The hidden and explicit costs of unwanted staff attrition,
- Your responsibilities as an employer for both psychological and physical health and safety,
- The impact of technology and AI on the evolving workforce, and
- Practical steps to reduce turnover and build a more resilient, engaged team.
As the industry continues to evolve, companies that proactively address these people risks will be best positioned for long-term success.
Download our Natural Resources Industry Risk Insights to access the full report and discover strategies to attract, retain, and protect your most valuable asset – your people.
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We trust that you will find this publication to be insightful and as always, please contact Stacey Lloyd at Stacey.Lloyd@aon.com if you want to discuss any of this content further.
