‘State of Human Capital Risk in India’ study reveals that although 62 per cent companies in the country realise the urgency of HCR at the board level, only 33 per cent have a formally-defined risk mitigation or control strategy in place.

 

Goel worked with Tata AIG General Insurance Company Limited as vice-president- human resources/regional director of training and development MEMSA region between 2000 and 2007.

HR have a bigger responsibility of creating avenues or environments for employees to fail freely as the Gen Y—the highly tech savvy and feedback-oriented generation— is at work.