Human resource duties and responsibilities
A human resource professional, as we have learned, has many disparate duties and responsibilities. One of the duties that is increasing in its importance is risk management. In fact, this duty was once a central part of a human resource professional, but now many mid-to-large organization have created a separate department—reporting to the human resources director—devoted to risk management. In the following discussion question, discuss the following:
Define what is meant by “risk management” in a typical organization.Assess how the responsibility of “risk management” has morphed/grown over the past 10 years for both a human resource professional and an organization.Finally, discuss why an effective risk management program is of critical benefit for employees, not simply for their own physical and mental well-being, but how/why an effective risk management program can lead to a more productive and rewarding work environment.
Sample Solution
Human resource duties and responsibilities
Risk management is the process of identifying, assessing and controlling threats to an organization`s capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters. Risk management has evolved along with the business model changes, from making individual, transaction-based decisions on a combination of judgment and underwriting criteria, to looking at aggregate portfolios of risk enabled by more robust analytical tools. Risk management enables project success – employees can reduce the likelihood and severity of potential project risks by identifying them early. If something goes wrong, there will already be an action plan in place to handle it. This helps employees prepare for the unexpected and maximize project outcomes.
