HR experts and business leaders further note that misaligned, ineffective, and improper human capital management policies, practices, and processes create financial, operational, and reputational risks that can threaten an organization’s bottom line, adversely impact sustainability, and reduce the organization’s value for its stakeholders.
Conversely, effective human capital risk management can create a competitive advantage, create new business development opportunities, enhance the effective deployment of resources, and create value. Thus the benefit from HR audits.
This training course addresses the benefits, procedures, and methodology of managing HR-related risks. It reviews the issue of human capital risk management and its impact on the organization. It further reviews key risk management and human capital management concepts, discusses methods of assessing risks, evaluates human capital KPIs, KRIs, and scorecards, and evaluates risk control and risk mitigation strategies and techniques.
