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Once they are properly measured, employee risks such as poor attendance, high staff turnover and stress can be directly reduced by management, in contrast to external, more intangible risks that are harder to measure and control.
However, implementing effective risk management processes in this area can be a real challenge, given the typical need to involve employees, change working practices and persist with new initiatives over long time-frames.
Critical questions you need to consider
- Do you feel that your Employers' Liability costs are spiraling out of control?
- Is your productivity being affected by employee absence and staff turnover?
- Is stress becoming a bigger issue in your workplace?
- Are you struggling to get to grips with compliance with ongoing safety codes and regulations?
- Do you find employee training and behavioural change a real challenge?
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Managing your risk