Risk of Resource
Resource is defined as source of supply from which benefit is produced.But when we take organization into consideration then resource is complete combination of both human & physical .How do we consider that organization has grown or organization is growing.Experts will say that Profit after loss(PAT),revenue,turnover and how many new clients the company has made.There are many metrics like above which organization calculates and based upon that they decide whether they are actually growing or not.But the above metrics does not give actual picture.The reason is it might be possible that PAT has been doubled but actually company has cut down its human resources.Revenues have gone up but company has cut down costs . So sometimes, statistics does not reveal the actual picture.From statistics we can infer the possible outcomes but it does not give the real picture.Organization always operate under risk of human resource.This risk cannot be eliminated but the impact of ris