Risk management is also associated
with human resource management as well. There are due to ranges of risk
associated working environment and safety condition management is become risk
to the organization(Rideout, 2014) . As first step the process managing
risks, which allows people to understand identify, employers and employees,
what are the measures to be taken to improve safety and health in the
workplace. In global level business contest it is important to manage with
business opportunities to handle.
Recognized hazards can be managed
with a variety of adjustments in work practices, equipment, and facilities. In
some cases, key modifications focus on engineering controls (facilities and
equipment), in others on administrative changes (such as delegation of
decision-making authority to the right level or revision of established safety
procedures), and in still others on adoption of new safety-related devices,
protective equipment, or research methods(Matthew Whalley, 2016) . Training programs
must be adjusted in concert with these changes to ensure their effectiveness.
Clearly, different people must be involved to achieve appropriate advances in
the various elements that contribute to improved worker health and safety.
Basic and applied research may also be needed to identify, evaluate, and
develop the means to deal with specific new risks and to ensure their
practicality and usability in the workplace.
It is important to recognize that
many factors influence risk management. Public values, politics, economics,
legal issues, and technical concerns can all influence the risk-management
process locally or nationally. In some
cases, external influences force over-conservative risk-management decisions
and actions; more often, these influences, especially fiscal constraints, lead
to less than optimal risk-management decisions and actions.
In the business discussion it is understood that
there is direct need of development of risk management practices of human
resource management as well. The main concern of evaluation need to be discussed
that managing of human risk related issues are more important to manage
employees as well as management of human resource function within the company.
More over risk management of company would eliminate unforeseen challenges in
business decision of human resource management function(Taylor, 2014) . Financial losses
engage with human resource activities also discussed in contest. Retention
level of employees also influenced through proper human resource approaches and
it positively engage with more reliability among employee of the company.
Overall it is concluded that risk management is similarly created the important
as other areas in business process.
Reference
Matthew Whalley, C. G., 2016. The Legal Risk
Management Handbook: An International Guide to Protect Your Business from Legal
Loss. s.l.:Kogan Page.
Rideout, H., 2014. Employee
Risk Management: How to Protect Your Business Reputation and Reduce Your Legal
Liability. s.l.:Kogan Page.
Taylor, L., 2014. Practical
Enterprise Risk Management: How to Optimize Business Strategies Through Managed
Risk Taking. s.l.:Kogan Page.
'Safety first'. Its like a moto to have in any institute or organization as it describes the value of an employee for a certain institution. This article is packed with valuable information because safety is a number one priority anywhere.
ReplyDeleteThanks.
Deletenice article
ReplyDeleteNoted with thanks.
DeleteArticle gives a good insight of knowledge regarding Risk management and worker protection
ReplyDeleteYes. My basic idea was that.
DeleteRisk management is the first step in the process managing risks, which allows people to understand identify, employers and employees, what are the measures to be taken to improve safety and health in the workplace.
ReplyDeleteThanks for your comments.
ReplyDeleteAccording the service provided organisation has to evaluate its risk level and find out what initial safety hazards needed to regulate with its institution. Management has to provide health care related insurance or other policies in "safety first environment.
ReplyDeleteThrough the risk management and the workers protection in the companies have delivered an opportunity to prepare for a global event by adjusting their strategies and prepare a contingency plan (Business Continuity Management). Every day they can manage internal risk, which have a greater impact. Similarly, companies operating risk, which is the day to day operations, seems to be more important than financial risk.
ReplyDeleteWorkplace safety is very important for each and every employee in the industry because all the workers desire to work in a safe and protected atmosphere.
ReplyDelete