ENTREPRENEURSHIP

Detailed explanation-1: -Identify key HR risks within your organization. Assess the risks and prioritize your actions. Design and implement your solutions. Set up a continuous HR risk monitoring process. Strengthen the risk management skills within your team.

Detailed explanation-2: -HR professional should apply risk management techniques to the different aspects of HR Strategies. The HR strategy is based on the organizational strategy. The HR strategy touches on all the key areas in HR. These include recruitment, learning & development, performance appraisal, compensation, and succession planning.

Detailed explanation-3: -“HR management encompasses many aspects: training, employee relations, payroll, benefits, compensation, safety, legal, communication, engagement, and more. But the main function now is as a partner in driving strategy from a legal, ethical, and long-term planning perspective.”

Detailed explanation-4: -The purpose of HR risk management is to identify potential employee-related human resources risks before they happen. Whether it involves employee behavior or ineffective management styles, HR risk management helps HR teams proactively think of potential scenarios and their outcomes.

Detailed explanation-5: -Recruitment and Hiring. Training and Development. Employer-Employee Relations. Maintain Company Culture. Manage Employee Benefits. Create a Safe Work Environment. Handle Disciplinary Actions.