Explains the concept of people risk and enables the reader to consider it within the context of their own organization, flagging up the human factors that may not have been considered Encourages managers and practitioners to take a more focused approach to people management Offers practical tools, solutions and insights into how to implement an effective people risk management framework within your organization Demonstrates how better people risk management can add measurable value to a business
Dr Keith Blacker has worked in a variety of board and executive roles globally and is the former CFO of a large UK-based health insurance business. He has over 30 years' experience working within the financial services industry and has consulted to a range of national and international banks and insurance companies on risk management matters. He is a Fellow of the Institute of Chartered Accountants in England & Wales and a Fellow of the UK Institute of Internal Auditors. Dr Patrick McConnell has been a senior manager in, and a consultant to, large international corporations, financial institutions and governments on multiple continents for over 35 years. His expertise is in risk management and information technology. He is a Fellow of BCS, the Chartered Institute for IT. He has taught in Australia and Ireland to advanced students and in-house executives. Both authors hold doctorates in Business Administration and have published and spoken widely in industry and academic forums.
"An expertly written book, it takes you to the heart of the risk
problem - people. The best systems, the most up to date software,
the most meticulous risk mitigation plan, all can be circumvented
by human ingenuity. Via case studies and analytical framing the
authors review, analyse and most usefully prescribe how people risk
can be minimized but never eliminated. People Risk is not a HR
function but a holistic framework of thinking and this book exposes
you to it."
*Brian Lucey, Professor of Finance, Trinity College Dublin*
"I recommend this book to experienced risk managers because it
tackles some very difficult areas from a broad knowledge base,
builds on the work of other's research and introduces some new
concepts. I would put a slight caveat to the less experienced risk
practitioner because it is important to understand how people risk
management should sit within a wider risk management framework. The
book leaves the impression that people risk is the principal cause
for all ills, however, root cause analysis consistently finds that
there is usually more than one factor present for risks to
materialise."
*Jane Walde, Director of The Holistic Risk Practice (for
RMProfessional)*
"People Risk Management by McConnell and Blacker is a book that has
been sorely needed for some time. For too long risk practitioners,
as a whole, have underplayed the role that people risk can have in
an organisation. Given that the major events of the global
financial crisis of 2007-2009 were a result of people, both in
senior and junior positions, making poor decisions for a variety of
reasons, it is time that people risk is given much more prominence.
And it's not just a matter of risk culture, as McConnell and
Blacker successfully argue. More attention needs to be paid to
making a more robust decision making process, especially at senior
levels. For the practitioner, this book offers more than an
overview of the risk and some case studies; a framework for
managing people risk, and proposals for increasing the quality of
people risk management from the Boardroom to the individual worker
make a valuable resource. This is a book that I wish I'd
written."
*Frank Ashe, Macquarie University*
"Among the many carefully reasoned observations in the wide field
of risk management and its focus on People Risk, this book
highlights the important roles of Human Resources which extend
beyond its established domains of recruitment, selection, training,
development and rewarding. The authors' detailed analyses
persuasively render indispensable the wider remit of HR. The book,
however, goes beyond HR. It prompts the governance functions into
ensuring that people risks are included in every assignment they
undertake, it argues that senior management are at the front line
of promoting personal responsibility and managing people risk and
it tells the board that people risks, not only need managing in the
organisation, but they also need managing in the boardroom."
*Bill Weinstein, Emeritus Professor of International Business,
Henley Business School*
"It has long been appreciated that effective human resource
management systems are an essential part of organisational success,
however it is much less well understood that people can still bring
down even the most successful organisations. Scratch beneath the
surface and even apparently well run organisations can be found to
have significant people risk exposures - often because they lack
the necessary knowledge and expertise to manage this complex and
diverse area of risk. Blacker and McConnell, two of the leading
lights in people risk management, have delivered a must-read text
for all senior managers and board members in organisations -
combining practical insights with strong academic foundations. The
book is also an important addition to the book shelves of students
and academics with an interest in the human aspects of risk
management."
*Simon Ashby, Associate Professor at Plymouth University, and
Chairman, Institute of Operational Risk*
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