Risk management can help companies save jobs

04/4/2011 | Harvard Business Review online

Operational risks, such as workplace accidents and theft, cost U.S. companies an estimated $85 billion annually, Maurice Ewing writes. Addressing these unexpected events could have helped many companies save cash without laying off employees who are essential to long-term growth. He encourages companies to adopt risk-cutting strategies as a more sensible way to reduce costs than mass layoffs.

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