CIPD - Risk and performance: HR's role in managing risk

Corporate and HR strategy

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File size: 441k

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Summarises the key findings of a recent CIPD study involving interviews with HR directors and managers in large organisations. The paper:

defines what is meant by risk management;
discusses what is involved in organisations taking a strategic approach to managing risk;
considers how people management fits into the risk management agenda;
explains how HR professionals can contribute to the process;
asks what the level of understanding about strategic risk management in the HR community is;
outlines the current HR-related risk agenda in the organisations studied;
identifies the benefits to the HR function of becoming more closely involved;
warns against allowing ‘risk management’ to become ‘risk avoidance’;
outlines how the CIPD can help build practitioners’ awareness and confidence in relation to managing risk.

Case studies are included from the research to give a better idea of what risk management means in practice for HR professionals.

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