Risk Tips Issue # 42: People Risk Management
- Nov 12, 2018
- RIMAN, Cognisco, Wikipidea, Patrick McConnell, Willis
People Risk Management
People Risk in an organisation refers to the costs that will arise as a consequence of things that happen to its people.
People are the single most important asset in any business but they are also the most vulnerable asset. People can breakdown and suffer damage just as in the case of machinery and property. However people can be harder to repair and the consequences can be more serious. People also age and will one day wish to retire from work. Planning ahead with financial provisions and succession plans will make that transition easier.
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