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 risk can be minimized.Human resources are one of most important and key to the success of organization.If organization has right set of human capital with appropriate set of skill and competency then it will lead to the success in the market place.For example company like TCS where key to their client acquisition lies in their bench strength.To know whether the company has grown metrics related to human capital,attrition analysis etc also play a key role in the growth of company.Balance sheets,Cash flow statements and financials does not give the real picture.It is the intellectual capital and human resource that will make a difference.Organization can have plenty of  human resources but it should be right set of skilled resources which matter a lot