ELEMENTS OF PEOPLE RISK MANAGEMENT
Selection
People risk starts at the beginning with selection and choosing the wrong people. Poor selection leads to cost and wasted management resource. Effective selection is an opportunity to add benefit to the firm.
Who do we want?
- ■Go for fit rather than capability. We spoke earlier about cognitive diversity. In an ideal world you need people who have different approaches. If you go for the piece of grit in the oyster you may get a pearl. But the key is that they must fit in the firm’s values. Choose the person who fits your culture, rather than the person who appears to tick all the boxes of expertise and experience. You can teach people competencies, but you can’t change personalities. As Peter Schutz, ...
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