Risk Management is a systematic process of managing an organization's risk exposures, including potential losses to its property, income, legal liability, and last, but not least, its people.
Risk Management involves making and implementing decisions that minimize the effects of accidental losses and makes them more predictable.
What is Human Capital Risk Management?
Human Capital Risk Management (HCRM) is a unique approach to traditional HR practices. HCRM applies risk control principles to reduce the frequency, severity, and unpredictability of losses to your greatest asset -- your people!
Leveraging this asset is your best opportunity for innovation and growth. However, ignoring or mishandling the risks inherent to Human Capital can result in significant losses.