Human capital is referred to as human potential with infinite capabilities which is an element of intellectual capital along with social capital. Any activity involving human interface results in non-value adding activity or loss of productivity is termed as Human Capital Risk.
Increasingly executives around the globe are looking into managing human capital risks in order to achieve organizational sustainability i.e. the organizations should be Environmentally Responsible (ER), Socially Equitable (SE) and Economically Sound (ES) in order to achieve sustainability in long term. These three dimensions are very important in order to measure organization performance.
Understanding the human capital risks on these dimensions will help the organization to be better equipped with the changing market conditions and achieve competitive advantage.
Effective human capital risk management is the shared responsibility of HR, risk and compliance functions and senior business leaders. It is a co-operative effort combining deep experience in human capital, risk management, compliance, and business strategy and operations.
The following questionnaire is tool which will help to create a risk reduction strategy. Please provide your responses @ http://goo.gl/forms/FlJ7IAUZzb
For any queries please contact:
Saurabh Bane (Saurabh.Bane@siom.in)
Priyabrata Ray (Priyabrata.Ray@siom.in)
