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While HR is, by its very nature, a form of risk mitigation, Erie Insurance’s HR team found great value in a detailed examination of the risks related to our human capital practices. Over six months, our team conducted a risk assessment of our human capital practices, which resulted in a more targeted understanding of our risks and how our organization should expend limited resources in mitigation. With full implementation in our rear-view mirror, this process helped us quantify human capital risk and hone related Board reporting. We will share our lessons learned so that you can better understand:
- Why you should conduct an HR risk assessment.
- How to conduct an HR risk assessment.
- How to interpret the results.
- How to identify and implement risk mitigations.