Why people risk has become a top risk for most firms and how to respond
By Gary Savill, Head of Enterprise Risk, SAGA
Can you provide an overview of your definition of people risk and why you believe it has become a more prominent focus?
People risk can be defined as the impacts or benefits felt by a firm as a consequence of things happening to its people.
What might happen to its colleagues are manifold, although some of the key categories one may consider are mental wellbeing, physical wellbeing, engagement and performance management. Any one or combination of these drivers can have a material impact on colleagues and prevent the firm from achieving its strategic objective.