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In 2022, losses, fines, and legal expenses for nonfinancial risks cost the banking industry $19 billion, bringing the total price tag for nonfinancial risks to more than $460 billion since 2010. Nonfinancial risks—those that emerge from people, processes, systems, and external events—are challenging to manage for all institutions, and executives are faced with a constantly…

With the rise of more technical roles across industries and sectors, and a shortage of people to fill them, skills-based hiring could help organizations access new talent pools. This episode of McKinsey Talks Talent explores the opportunities to do so, with McKinsey partners Bryan Hancock and Brooke Weddle in conversation with global editorial director Lucia…

The UK is headed for a roadblock. According to the 2023 Progress Report issued by the Climate Change Committee, “the UK is failing to make progress on the net zero transition on nearly every measure”. Hands up who is not surprised? We are facing two rather pressing problems. One is the potential overheating of the…

What does “workplace security” mean to you? In the current fast-paced world of technology, you probably jump to thoughts of cybersecurity, safeguarding proprietary company information and defending against cyberthreats, but you must also consider the actual building’s security. How easy is it for visitors to get in? Do you have an emergency preparedness plan? What…

With employee turnover rates reaching all-time highs, companies are making employee retention a priority as older employees are set to retire within the next decade. Holding on to current employees is less expensive than hiring and training new ones. One way to retain employees is to offer opportunities to employees to continue their education, training…

Patient outcomes improve when patients are actively engaged in their health and informed of their care. pCare’s partnership with the Moffitt Cancer Center has led to the ongoing integration and support of its end-to-end interactive patient care system (IPS) within the newly opened inpatient surgical facility, Moffitt McKinley Hospital. Each 350-square-foot room within the 10-story…