Human Capital Risk Management
The Importance of a risk-based approach
Every organisation understands the need to manage risk. The standard risk management approach is as follows:
- Identify risk
- Quantify risk
- Mitigate risk
- Review the above 3 components on a regular basis to adapt to changing circumstances.
While this approach is readily implemented in respect of an organisation’s physical assets our experience shows that this is generally not extended to encompass the people within the organisation.
If people are the organisation’s greatest asset, they too, need to be subject to a risk management approach.
The Acelero Human Capital Risk Management Solution
The Acelero Human Capital Risk Management (“HCRM”) module goes beyond the traditional “Talent Management” process whereby the typical assessment is of “Performance” and “Potential”.
In addition to Performance and Potential, we believe it is important to cover off at least 2 risk based dimensions.
While you can use any of your content or methodology to undertake these assessments of performance, potential and risk, we have developed specific content in respect of the risk dimensions which is capable of being used “out of the box”.
Benefits
HCRM module provides the following substantial benefits:
- It provides a consistent framework for undertaking these subjective assessments about people,
- Allows for a Manager’s assessment to be undertaken and then be subject to a “Roundtable” review,
- Requires managers to provide a specific development/action plan to address the needs of an individual,
- Provides an extensive reporting capability such that an organisation can see its key people risks at a glance at either individual, business unit or organisational level.
Contact Us for a Demonstration
Please call us on 1300 602 296 to request a demonstration.
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Testimonial, InsuranceLine
“The customer service I have experienced has been second-to-none and they have provided me with excellent support throughout the implementation of the performance manager system into my organisation.
Whenever I have a query or a request, the turn around with any responses is extremely fast. This has given me the confidence to roll out the system to my entire company. ” Gus McLeod—Human Resources Project Manager at InsuranceLine