Source | The Times Of India : By Namrata Singh
MUMBAI: Human capital risk (HCR) management is now an urgent board level concern. A study by CII and Towers Watson found that 62% companies agree with this fact, but only one in three respondents have a formally defined risk mitigation or control strategy in place.
Harshavardhan Neotia, chairman, CII-Suresh Neotia Centre of Excellence for Leadership, said: “Human Capital is the fulcrum upon which productivity, superior performance and eventually growth now depends. Using the right risk mitigation tools and frameworks – as highlighted in this study – and working with specialists will prepare organisations to effectively manage people-related risks. This will enrich understanding, improve planning and facilitate transitioning from a reactive mode of ‘putting out fire’, to a more pro-active mode of ‘anticipating and warding off fires”’