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Objective: Explain risk management as it applies to human resources.
Risk management can involve almost every aspect of business. For human resources those aspects can include hiring, compensation, policies, and training. Each business decision made informs risk management on some level.
Often the perception of risk management plays a role in how management in an organization strategically plans. Human resources should always be involved in the strategic planning process so they can internally plan for hiring.
Read The SHRM body of competency and knowledge.
Page 54 of “The SHRM Body of Competency and Knowledge” discusses key responsibilities for HR professionals regarding risk management.
Select one of the various areas of risk management listed. In the discussion forum:
Define the area of risk you’ve selected and provide a sample of the application as you have seen it in your company or a company you know well.
Provide a summary of why management of the risk you selected would be part of the responsibility of HR management.
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