Human Resources
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Managing Risks Effectively
HR departments need to identify and manage risks effectively, and the Risk Dashboard has been developed to assist and mitigate against such risks.
HR personnel should collect information about people-related governance, risk and compliance issues.
The HR department should present company directors with a complete report of HR compliance and operational risks, as well as the recommended actions, and accept responsibility for reducing them. Once proper procedures are in place, regular management of your human resources becomes easier and less time consuming.
HR Development
Risks Include:
If you track the progress of the HR profession over the past 10 years, it has become clear that it has gone through different stages of development.
These stages define the core competencies, to a certain extent, of the HR profession – the ‘things’ that HR directors are doing or should be doing.
In general, the HR profession is moving beyond the strategic business partner role towards one of being a driver of business success and sustainability.
Some companies’ HR functions are not performing well in this transformation process, whilst others are still struggling to become strategic partners.
Furthermore, HR personnel can assist the board in related areas, like managing executive succession, providing board development and administrative services as well as supporting the remuneration committee.
‘People and behaviour are often the biggest sources of business risk.’ Therefore, it is essential to ensure that a company’s risk management plan includes people risks. The Risk Dashboard provides analysis of an organisations people risks.
Company Culture
Talent Shortages and Retention
Incompetence
Employee Performance
Unethical Behaviour
Non-Compliance
Low Morale
Grievances and Disputes
Employee Wellness
Excessive Absenteeism
Workplace Violence
Regulations and Laws
The heart of good Human Resources practice sits within the Risk Dashboard software.