This document discusses risk management in HR and assessment. It begins by defining human capital risk and identifying some key HR risk areas like strategic, compliance, operational and financial risks. It then discusses examples like the global financial crisis and Deepwater Horizon explosion, where failures in managing people and culture led to major issues. The document outlines top HR risks according to surveys and stresses the importance of prioritizing risks based on likelihood and impact. It emphasizes balancing risks with opportunities in HR and provides examples of how to express the outcomes of effective staffing and selection processes.