8.2. Risk Assessment
Risk is inherent in virtually any area of HR practice, so how does an HR professional ensure that those risks are minimized? Risk assessment is the process used to determine the likelihood that an organization will be affected by a particular risk, such as an employee injured as the result of unsafe working conditions or a case of identity theft resulting from a breach of confidential employee information. An assessment estimates the cost of the loss if one should happen and the impact it would have on the ability of the organization to continue operations. With this knowledge, it is possible to identify which losses are most likely to occur and what controls must be in place to prevent them. Identifying and ranking risks ...
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