Mod3 Course Project - Assessing and Managing Risk

You were successful in getting the Operations Manager position approved by Mr. Chip, and you have initiated the recruitment and selection process to find the right fit for the position.

Aside from recruiting new employees, another responsibility of the human resource manager is to assess risk. The people that work for the organization are a source of risk. At the same time, people play an important role in managing risk and problem solving. It will be important in your role to proactively assess risks such as economic risks. What steps would you take to assess risks and ensure these risks are being addressed proactively? Be sure to consider journals and organizations an HR professional should subscribe to and become a member of.

To complete this assignment, use at least two credible sources to prepare a 4-5-page risk assessment plan that you will present to the CEO. In your plan, you will present a case for the need to proactively evaluate risk and respond to unforeseen risk. Please include the following in your plan:

• Explain how an HR department benefits from proactively assessing risk. In your explanation, provide information regarding current trends in the HR industry for assessing risk. Cite your sources of information.
• Summarize the process by which HR departments proactively evaluate risk.
• Describe at least one potentially unforeseen risk, such as economic changes, and analyze how the HR department would strategically respond.
• Once the risk to the company is identified and the HR department has a strategic response, the new operations manager will need to create a policy and process to ensure the risk is mitigated. Provide three points the operations manager must include in the policy and process.

Reference: 

Lussier, R. N. (2016). Human Resource Management: Functions, Applications, and Skill Development, 2nd Edition. [Bookshelf Ambassadored]. Retrieved from https://ambassadored.vitalsource.com/#/books/9781483325033/

Gherman, R, Brad, I., & Dincu, A. (2015). Risk Management in Training and Activity in Human Resources.

Agricultural Management / Lucrari Stiintifice Seria I, Management Agricol, 17(2), 60-63

Lyon, B. K., & Popov, G. (2016). The Art of Assessing Risk. (Cover story).

Professional Safety, 61(3), 40-51.

Schoeman, J. S., & Vlok, P. J. (2014). The Possible Influence of Risk Management, Forecasting, and Personnel training in Physical Asset Management.

South African Journal Of Industrial Engineering, 25(2), 96-104.