4 Ways to Improve Risk Management - SynchronyHR
                     4 Ways to Improve
Risk Management
  If you own a business, chances are there will be 
some  element of risk involved. This risk can 
take the form of  anything from financial to 
industry-related challenges.
However, when it comes to human resources 
(HR), the  risk is primarily centered around the 
safety of your  employees.
Here are four important ways to identify and 
eliminate  or control risk.
Identify and Assess Risk
0 To deal with a risk, you first need to identify it, then  analyze its level of seriousness.
1
Understanding standards put in place by 
02 government  agencies, including the 
Occupational Safety and Health  Administration 
(OSHA), is a great place to start.
If you are not comfortable identifying risk on your 
03 own,  consider working with a professional 
resource that offers  risk management services.
Assign Responsibility
The diffusion of responsibility is often the 
cause of  workplace incidents.
This concept states that when everyone 
assumes that  someone else is responsible for 
risk, nothing gets  done.
You can address this issue by making sure that 
safety  responsibilities are clearly delegated 
throughout your  staff, or assigned to external 
professional resources.
This process can start during hiring and 
training, and  continue throughout future 
development.
Gather Data
Gathering data is key in managing risk and 
provides the  necessary details for professionals 
to understand how  hazards or concerns impact 
employees.
This data can be used to map out which 
existing  elements of risk need more attention 
and why, while  also preventing new risk.
Make sure you document as much 
information as  possible, as better data 
leads to better
decision-making.
Expect the 
IdentifyinUg nanedx pclaescstifeyding every single risk 
would be  ideal, but that simply isn't realistic. In 
the world of risk  management, you need to 
learn to expect the  unexpected.
Your plan absolutely needs to take into account 
the fact  that you can't possibly plan to prevent 
all hazards.
When an accident occurs, because chances are 
they  will be sure to treat impacted employees 
with care and  respect, gather all relevant 
information and data, and  immediately set out 
to understand and remove the risk.
Contact us!
www.synchronyhr.co
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[email protected]
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(314) 222-
5770
Thank 
YOU!!!