Risk Management is most often associated with an insurance program. Think about your P&C or benefits broker, many times your insurance or benefits coverage is about transferring risk to someone else so that your business is protected.
Think about all the risk you have identified in your business and now think about all of the risk may you have overlooked. HR issues such as:
1. Compliance- It seems every day there is some new law, rule or regulation.
2. Employee issues- What happens if there a complaint around harassment or discrimination?
3. Policies and Procedures- Do you have them and are they up to date?
4. Strategy- Do you have the right people on your team and in the correct positions?
Identify the risk and then minimize it.
Turning Point HCM