I have recently been shocked that inflation has not been included in many resilience risk register entries.
We are not geared to cope with this!
Our boards must:
Factor in greater than anticipated costs into their budgets. Specifically energy, food, supply and labour.
How might service demand change and are we planning for that?
Wage negotiations should be resolved early on.
Revise income and cost targets over the next 2 years.
This is critical now.
It has to take place this autumn!
It should be a general exercise for all organisations which must be undertaken.
Let's do this.
I believe this is a way forward that will increase organisational resilience which is what we need right now.
All organisations need to do it.
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