The Risk in Human Capital

Risk management as a field has been identified as missing a crucial link, the human link. The focus on the myriad of business risks has clouded the real essence of risk, and that is the human side of risk. We believe that all risk inside organisations originate from people. But why exactly is the human element so important? The answer is simple; at the heart of every risk in an organisation is a human being. People are not only responsible for managing risk; they are also causing risks. You may have the most brilliant product or service, process, policy or system, it is the people who operate these products, services, processes, policies and systems that will determine how effective you are in achieving your business objectives.