What is the Risk Type Compass™?
The Risk Type Compass (RTC) is a tool that provides insight into an individual’s predisposition to risk, their capacity to manage that risk, and the way they make decisions.
Based on psychological research, the Risk Type Compass leverages each individual's core personality traits associated with risk behaviour, placing them within one of the eight distinct Risk Types.
How does it work?
The assessment provides information about:
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Risk Type – reflects temperament and the natural disposition towards risk, across eight distinct risk types.
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Risk Attitude – reflects the impact of experience and personal circumstances on one's attitude towards different areas of risk (Recreational, Financial, Health and Safety, Social, and Reputational).
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Risk Tolerance Index (RTi) – is an estimate of each individual's overall risk tolerance.
Areas of Application
- Recruitment and Selection
- Individual, Leadership, and Team Development
- Risk Management
- Identifying a Risk Culture
- Organizational Risk Management
