Risk Type Compass
The key to effective risk management is understanding your staff’s risk type and how they will react to unexpected events or outcomes. Risk Type Compass focuses on differences in the way individuals perceive, react to and manage risk, as well as how they make decisions.
Based on extensive psychological research, the Risk Type Compass personality assessment places individuals into one of eight distinctive Risk Types. By identifying differences in risk appetite, organisations can maximise potential and balance the contributions of risk-takers and more risk-averse individuals.
The test is easily administered online and takes just 10-20 minutes to complete. In order to administer Risk Type Compass, you must first complete a Qualification Workshop, either face-to-face or via our online learning platform. Find out more about our training options here.
Selection & Development
Showcase your Risk Type on a t-shirt! Click here to explore our range of risk apparel. If you don’t know your Risk Type, get in touch with our team to find out.
Risk Type Landscape
By mapping the location and prevalence of Risk Types within an organisation, Risk Type Compass enables risk propensity to be identified and managed. Viewing the Risk Type Landscape in a tangible way allows organisations to make decisions about the overall risk culture and the extent to which there are departmental or divisional differences.
Though applicable to all industry sectors, Risk Type Compass has particular relevance within the banking and finance, health and safety, insurance, energy, manufacturing and consulting sectors. Visit our Knowledge Bank to see the full range of Risk Type Compass resources.
Check out the video showcasing a collection of our personal highlights from the Risk Type Summit.
Click here to read more about the Risk Type Summit and watch videos of the speaker sessions.
Interested in Risk Type Compass for your business?
Last month, we held our second annual conference at the Wellcome Collection in Central London - this time focusing on our very own Risk Type Compass tool. It was fantastic to speak to our clients and introduce ourselves and the Risk Type Compass to new...
This blog post is adapted from an article published in the Summer 2019 edition of the British Psychological Society's Assessment & Development Matters journal. It can be accessed here. Back in 2016, we conducted research with 90 participants competing in...
Within the wider discussion about risk (see discussion from Sidney Dekker, Michael Mazarr, and John Adams, amongst others) there is a common theme in both finance and Health & Safety that questions over-reliance on computational, procedural,...