National surveys of risk managers identify human capital related risks as one of the most important risks facing organization…and one of the least effectively managed. Meanwhile CEO global surveys concerning high-impact global risks consistently rank the “availability of key skills” as a critical risk…a risk — if not effectively managed — that can negatively affect the achievement of strategic and business objectives, negatively affect competitiveness, and hamper an organization’s ability to innovate.
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 workshop 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.
Who will Benefit:
To help assess their exposure and vulnerability to these human capital risks and to help enhance the management of their human capital asset, organizations are increasingly conducting HR risk management assessments. These assessments are no longer just checklists of human resources do’s and don’ts, they have become continuous, sustainable, comprehensive management assessments that provide assurances that risk are properly identified and management; that HR activities are aligned with business objectives; and that compliance and governance requirements are being met.
These risk assessments, which include HR audits, are used to protect and enhance the value of the organization’s human capital. They also assess the alignment of HR management activities with organizational objectives, help manage the organization’s human capital risks, identify and manage material risks; ensure compliance; assist in due diligence; and help assess and test internal controls. HR risk assessments additionally ensure that human capital adds value to the organization; that the organization’s human capital makes the organization more competitive; that it helps the organization achieve its business objectives; and that the organization clearly identifies and manages its human capital risks and opportunities.
Use coupon code NB5SQH8N and get 10% off on registration.