While it may be seen as quite simple to put preventative measures in place to limit discrimination within a company, large companies especially may have difficulty in monitoring every case of discrimination in the company. There are however risk factors that can be taken into account when assessing discrimination issues. The amount of diversity in a company and its various divisions should for example be taken into account. It should be ensured that there is a reasonably fair distribution in terms of various diversity factors such as religion, race, and gender. Furthermore, training programs and informal events can go a long way towards introducing employees to each other from a basis other than their personal preferences or heritage. Such issues should be handled with extreme care, while the specific personalities should be...
A secretary may for example see a comment that was meant as a joke, as good grounds for a law suit. Such issues can be mitigated by training and an open communication system between employers and employees.
Internal entities therefore bear the burden of the company's interest, making the risk identification process subjective, and compromising it to the eventual disadvantage of the company. Here also it is advisable that entities from the outside be involved in the process. The risk quantification process refers to assessing the scale of severity in the risks identified. When a risk is identified, resources need to be allocated in order to mitigate
All personnel need to be fully informed regarding risk management, particularly in terms of disaster, terrorism, or other unknown factors. Employees and employers therefore need to maintain an open communication system, through which risk management occurs as a dynamic rather than static system. Management should for example provide workers with the opportunity to offer suggestions relating to the current risk management manual. These can be communicated via spoken or
Advisers for example survey the market and make recommendations to their customers on the strength of such estimations. Such investments carry a high level unknown risks, depending upon the type of investment a customer prefers to make. Some customers prefer higher risks for higher returns, while others are more careful with their investments. In such a company, risk quantification and creation play a more important role than risk prevention. Diversifying
When the risk is significant, this should be quantified against the risk of not entering the specific country in terms of expansion. When the risk is acceptable, stringent measures, including organizational arrangements, engineering control, and research and development, need to be taken. Research and development are particularly important, as mitigation measures can then be implemented that are particularly targeted towards the measure of possible terrorist attack for the country
A lack of foresight and initial risk assessment therefore resulted in the losses suffered by the company. In the area of maintenance and risk assessment, a lack of regular spillage inspection resulted in financial, legal and environmental risks for an oil company. The oil rig was not inspected on a regular basis, which resulted in a lack of regular maintenance. Hence the damage to one of the oil containers was
When new employees are appointed, for example, they should be observed thoroughly during the first months of work in order to assess their stability and stress levels. A reporting system could also be implemented, by which workers are encouraged to consult management regarding their own or a co-worker's stress levels and concomitant work performance. It is important to ensure that none of these measures be perceived as unfair. In terms
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