
What would happen if you sent this email to the corner office: “Mary, I just finished a risk assessment of George being hit by a bus. We’re out $25 million. Perhaps we should discuss.”
Corner office types understand risk. Managing unexpected ‘what ifs’ is one of the things that wakes them up at 2 AM. You can send Mary books about how efficient your staffing department is and all the wonderful candidates you placed last month and never get a return message longer than: “Great, thanks, good job.” But drop the news about George on her and see what happens.
Advanced risk management is an esoteric tangle of algorithms, probability models and computer simulations, but a practical, stripped down version suitable for everyday use, based on the same basic principles, is available to every staffing department. We use it daily whenever we carry an umbrella or an extra sweater ‘just in case.’ There are three components. READ MORE >
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