Risk management and workers protection

Risks are everywhere. It’s the truth that taking risks can ignite better results and good consequences but all the risks are not good for the organization. The factory can’t be denied that every organization has to face both the share of risks internally and externally. Along with the SWOT analysis, there are certain threats in the organization and these threats are considered as the risks. 
 

The threats or risks appear or exist in the organization in different forms such as data abduction issues, legal liability, accidental issues, natural, financial uncertainties, losses, employee dissatisfaction, and many more. Any hazards that bring obstacles to the company's tasks or reputation can be considered risks. These risks invite great blunders in the organization, employees, and its brand and reputation too. Hence, in any organization, risk management is important. In a dilettante term, risk management can be referred to as the process of identification, analysis, and control of the risks/threats to the organization. ( Risk management and workers protection 2023)

Image 1: Risk management 2021

 There is a facility for insurance and accidental protection for the employees in case of any illnesses, or accidents. Along with a fine and balanced workspace for the employees, one of the major goals of Human Resources aka HR is to minimize the risks of the organization and act immediately with the possible solutions. In large organizations, there is the formation of a committee or department that sees the overall risk management in the organization. The department works on the safety and health of the employees, understands and identifies the employees and the risks associated.
 

As risks jeopardize the mission and vision of the organization, there should be mitigation of risks as soon as they get discovered. Immediate actions should be taken for mitigating. (Risk management 2022)

 

There are many kinds of risks that may come as sensitive topics in the course of Risk management and Worker protection in any organization.

·       Safety Hazards

·       Legal factors

·       Ergonomic factors

·       Psychosomatic hazards

·       Physical hazards

 

Image 2: Risk appetite and risk tolerance are important risk

why are Worker protection and Risk Management important in any organization?

Like the customers are the assets of any business, employees are the engines to run any organization without whom, no business can run smoothly. When employees don’t feel safe working in the organization, they may quit. For instance, if they face harassment and discrimination, it lessens their motivation to thrive in that particular organization and they may leave which may increase the cost of the burden of hiring new employees. Risk Management and Work Protection are important because.

 

 Conclusion

The risk analysis process assists the effective and efficient operation of the organization by identifying those risks which require attention by management. They will need to priorities risk control actions in terms of their potential to benefit the organization.

 

 

Reference :

https://rollingnexus.com/blog/1/Risk-Management-and-Worker-Protection-in-any-Organization#google_vignett 

ttps://www.google.com/search?q=risk+management+and+workers+pretention+conclusion&client

https://www.techtarget.com/searchsecurity/definition/What-is-risk-management-and-why-is-it-important

https://www.google.com/search?q=Risk+management+and+workers+protactio