Risk Management and Human Resources

Posted by | Tuesday, March 22, 2016
Risk Management and Human Resources

Risk is part of life and part of business.  Without risking failure, we are guaranteed not to succeed, therefore, all successful companies look at risk, and how to manage it.  When considering risk management, companies tend to think about physical infrastructure and data security, but a company's staff is one of its biggest assets.

Human Resources risk management is more than just ensuring that the payroll gets sent on time and that the employees PII is held securely, important as these factors are.  A properly constructed HR risk management plan will look at the whole arena of personal and, in particular, consider the following factors:

Look after the physical safety of the workplace.  Regardless of Workers Compensation claims, healthy employees are more likely to be productive employees. It is essential that regular inspections be made of the workspace, and immediate action is taken where issues are discovered.

Prevention is better than cure.  Take time to create a plan for the prevention of illness and injury at work.  Make sure your employees know about the plan and can utilize it.

Have a strategy for when it happens.  Unfortunately, no matter how well you try to control the workplace, there is still the possibility that an injury occurs, and a workers compensation claim is made. This is where having a process for administering and managing them is essential.  This process should include a methodology to monitor the treatment status with medical staff and coordinate return-to-work or light-duty working on the employee's return.

Train, Train, Train.  Workplace discrimination lawsuits cost U.S. businesses an estimated $64 billion annually.  Not being a part of that statistic starts with HR training on behavior in the workplace together with sound management practices.  Having managers trained in knowing what to look for and how to act goes a long way long way towards reducing that risk, at a fraction of the cost of a lawsuit.

Human Resources is a fundamental part of a company's overall risk management portfolio.  Call ModernHR today to find out how we can help your company.

 

 

 

Category

Recent Posts

Showing Vulnerability Makes a Strong Business Leader

Showing Vulnerability Makes a Strong Business Leader

Everyone has experienced an emotional wound at some point in their life, including those who lead and manage others. However, this emotional pain doesn't have to be a bad thing. It can help business leaders make genuine connections with others as well as help them learn to be an even better leader. Vulnerability at work means that a supervisor or manager admits when he or she doesn't have all the answers, takes responsibility for the error or lack of knowledge, and requests help from others to move forward. 



Read More...

Why You Should Be a Coach to Your Employees

Why You Should Be a Coach to Your Employees

Maybe you've heard of employers who take on the role of coach in the workplace. And maybe you rolled your eyes, thinking that coaches belonged at the football stadium, not in your office. Instead of dismissing the idea of coaching, take a look at the ways your employees can benefit from having a coach for a boss. 



Read More...

5 Unusual Ways to De-Stress During the Work Day

5 Unusual Ways to De-Stress During the Work Day

When stress leaves you feeling wired, exhausted, or defeated, you need to find some way to calm down. High levels of stress will slow down your productivity and decrease the quality of your work. So take a minute to read these unusual methods of keeping your cool at work. 



Read More...

First Item First Item

Contact Us Have an HR Question? Get us at:

877-842-4988
310-601-3260
hello@modernhr4u.com

Stay in touchReceive our best HR tips and tricks via email every month