Most risks begin and end with people, so it’s not surprising to find that Human Resources is increasingly being called to the table to help mitigate enterprise risk.
Purcellville, VA (PRWEB) January 08, 2013
Enterprise risk management consulting firm, Lowers Risk Group, introduces a new whitepaper that highlights key trends driving the expanding role of Human Resources in Enterprise Risk Management (ERM) and presents a framework for effective ERM.
The visually-engaging 21-page whitepaper was inspired by a recent Deloitte report which recognized a critical, dual imperative that HR organizations currently face–enabling their organizations to grow and driving efficiency in the business of HR. The piece delves into the forces at work expanding the role of HR in enterprise risk management, details how an organization’s human capital risk management practices must evolve in order to protect people, brands, and profits, and presents tips on building an effective ERM program.
“Executives tend to rank human capital very high in terms of the potential impact on business results—often ahead of financial risks—but few believe they are managing human capital risks effectively,” remarks Vince Pascarella, Esq., SPHR, FCRAA, Vice President for Lowers Risk Group. He continues, “Most risks begin and end with people, so it’s not surprising to find that Human Resources is increasingly being called to the table to help mitigate enterprise risk.”
The overarching trend impacting HR’s role in ERM, as identified in the report, is the intense uncertainty that companies face as the rate of change accelerates across all dimensions of business. Risks that many never imagined have entered the realm of possibility and the damage caused by seemingly small problems can far exceed common expectations. The Lowers Risk Group whitepaper, aptly titled “Forces at Work,” offers insight to help HR organizations recognize and address risks related to uncertainty.
The whitepaper is available as a free download on the Lowers Risk Group website. Get your copy at http://www.lowersriskgroup.com/lp/erm-trends-whitepaper.
About Lowers Risk Group
Lowers Risk Group serves nearly 1,000 leading organizations worldwide with widely-recognized human capital and enterprise risk management expertise. Clients have direct access to experienced consultants and industry leaders specializing in high-risk, highly-regulated industries. The company has an international presence in North America, Europe, and South and Central America. Lowers Risk Group promises a strategic, focused approach to risk assessment, compliance, and mitigation to help drive organizations forward with confidence. Learn more at lowersriskgroup.com.