Wolters Kluwer GRC Executive to Share Insights for Combatting Technology Sector Attrition

Rhea-AI Summary

The HFS Research panel, featuring Sandeep Sacheti from Wolters Kluwer, will discuss how rising attrition rates are affecting technology and services leaders. The roundtable titled "The Great Resignation Debate: How Our Industry Can Survive the Great Talent Dearth" is scheduled for December 9 at 10 a.m. ET. Attrition rates have surged globally, reportedly ranging from 25% to 75%, presenting challenges in retaining talent. The discussion will cover employee flexibility, wage inflation, and the impact of talent drain on process automation goals.

Positive

• Sandeep Sacheti brings extensive market experience and knowledge to address current talent challenges.
• Wolters Kluwer's Governance, Risk & Compliance division continues to lead in providing solutions for compliance and operational efficiency.

Negative

• Rising attrition rates ranging from 25-75% could hinder business operations and efficiency.
• Challenging talent retention may impact the company's growth and service delivery capabilities.

HFS Research panel to examine how rising attrition rates are impacting technology,

services and enterprise leaders.

NEW YORK--(BUSINESS WIRE)-- Sandeep Sacheti, Executive Vice President, Customer Information Management and Operational Excellence for Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, will bring his considerable market experience to bear during the next installment of analyst firm HFS Research’s Digital Roundtable series. "The Great Resignation Debate: How Our Industry Can Survive the Great Talent Dearth" will begin streaming at 10 a.m. ET on Thursday, December 9, with a strong focus on how technology, services and enterprise leaders are navigating a disruptive talent market.

The question is one that Sacheti is well-positioned to address. In his role at Wolters Kluwer GRC, Sacheti leads a team responsible for leveraging the market research and analytics that help to identify customer trends and drive product development, sales and services. Prior to Wolters Kluwer, he held senior leadership positions at UBS and American Express in areas of fraud detection, credit risk management and information management. Sacheti holds a Doctorate from the University of California, Berkeley, and holds more than 20 patents in decision science, fraud verification and identification and has published extensively on these subjects.

“Creating a workplace environment that reflects the changing needs of employees while also facilitating the delivery of unparalleled customer service is a top priority for companies as they continue to emerge from the pandemic,” Sacheti said. “I am delighted to be joining HFS and other leaders in the tech, services and enterprise space to discuss one of the most challenging issues facing both businesses and clients alike today.”

Business disruptions wrought by the COVID-19 pandemic have left businesses struggling to both retain and attract top employees in the face of a highly competitive talent market. According to HFS, attrition rates now range from 25-75% around the world.

Sacheti and the 15 other enterprise and tech leaders taking part in the HFS roundtable will discuss the flexibility that employees are seeking today, whether or not corporate outsourcing can withstand soaring wage inflation and if talent drain has derailed business’ push towards process automation. The enterprise analyst firm hosts more than 100 annual events and conferences each year. Past topics include the value of transformational technologies and becoming a cloud native organization.

Wolters Kluwer GRC provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. Its legal services businesses are Wolters Kluwer CT Corporation and Wolters Kluwer ELM Solutions. Its banking and regulatory compliance businesses are Wolters Kluwer Compliance Solutions and Wolters Kuwer Finance, Risk & Regulatory Reporting (FRR).

About Wolters Kluwer Governance, Risk & Compliance

Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.

Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2020 annual revenues of €4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,200 people worldwide.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211206005095/en/

Media Contacts

Paul Lyon

Global Corporate Communications Director

Governance, Risk & Compliance Division

Wolters Kluwer

Office +44 20 3197 6586

Paul.Lyon@wolterskluwer.com

Frank Ready

Senior Specialist, Corporate Communications, Legal Services

Governance, Risk & Compliance Division

Wolters Kluwer

Frank.Ready@wolterskluwer.com

Source: Wolters Kluwer Governance, Risk & Compliance

FAQ

What is the focus of the HFS Research Digital Roundtable on December 9, 2021?

The roundtable will focus on how rising attrition rates are affecting technology and services leaders, exploring employee flexibility and wage inflation.

Who is participating in the HFS Research panel discussion?

Sandeep Sacheti from Wolters Kluwer, along with 15 other enterprise and tech leaders, will participate in the discussion.

What challenges are businesses facing regarding talent retention?

Businesses are struggling to retain and attract employees due to a highly competitive talent market, with attrition rates reported between 25-75%.

How might attrition rates affect process automation efforts?

The discussion will address if talent drain has affected businesses' push towards process automation amid rising attrition rates.

What does Wolters Kluwer's Governance, Risk & Compliance division do?

It provides solutions for legal and banking professionals to ensure compliance, manage risk, and improve operational efficiency.