Course Description

INTRODUCTION

Over the past few decades, Human Resource leaders have begun to recognize the effect of risk on their organizations’ strategic success and, even, its survival. The ability to identify risks, especially emerging risks, is a critical competency of Human Resource leaders, especially when linking it to HR’s mission of supporting better senior management decisions and more effective decision making.

At the same time, organizations are most effective at dealing with regulatory compliance and less effective at dealing with the strategic aspects of risk and, most importantly, connecting risk management to strategic success.

To be effective, risk management must have a broader approach, to include strategic planning risks and the risks created by daily operations. A constant in today’s corporate culture is change. With change comes an increase in risk. It is imperative that today’s Human Resource professionals have an awareness and understanding of these risks.

Objectives

This training course will follow the risk management process described by the International Organization for Standardization (ISO), which sees risk management as a strategic and enterprise challenge. Like strategic planning and management, risk management is cyclical and must constantly be reassessed, evaluated against changing conditions and improved.

The benefit of this course

Human Resources can play a role in creating and reinforcing a corporate culture that reflects a proactive stance toward risk and risk management by including a risk management perspective in all HR activities: recruitment, onboarding, performance management and the rewards systems. HR can also include the risk management aspects in the leadership development programs and in the leadership pipeline.

It is critical for today’s Human Resources professionals to understand and appreciate all of the dimensions of their organizations and the impact these dimensions can and will have on their Human Resources practices. One of the competencies that Human Resources must display is Human Resource Expertise, which allows Human Resource professionals to apply their knowledge to solve organizational problems. In today’s constantly changing world, the concept of risk management becomes, then, an important addition to Human Resources knowledge.

Course Outline

Day 1

Establishing the Context of Risk

Focusing Risk Management -The Role of HR in Risk Management

Defining Risk

Benefits and Barriers to Risk Management

Categories of Risk

ISO Principles, Framework and Process

Risk Criteria

Day 2

Identifying and Analyzing Risk

Risk Assessment Phase

Identifying Risks

Risk Identification Approaches

Risk Analysis Tools - Analyzing Risks

Evaluating Risks

Key Risk Indicators

The Risk Register

Day 3

Managing Risks

Responses to Upside and Downside Risks

Implementing the Risk Management Plan

Defining Risk Management Performance Objectives

Emergency Preparedness and Business Continuity

Crisis Management Planning and Readiness Process

Day 4

Evaluating Risk Management

Providing Oversight to the Risk Management Plan

Evaluating the Effectiveness of Risk Management Policies and Processes

After-action Debriefs and Incident Investigations

Evaluating Compliance

Promoting Quality Assurance and Continuous Improvement

Day 5

Human Capital Risk

Critical Skills Shortage

Insurance and Data

Ethics and Behavior

Intellectual Property Risk

Compliance and Regulation

Supply Chain Risk