8.3. Risk Management

The factors considered in making the decision for handling specific risks are discussed in Chapter 2, which describes options for managing risk in an organization. To summarize here, risks can be managed in one of the following ways:

  • Mitigation: The company minimizes the risk.

  • Acceptance: The company manages the risk if it occurs.

  • Avoidance: The company eliminates the risk.

  • Transfer: The company uses insurance to cover the risk.

Now that we've identified and assessed many of the risks related to the workplace, the following sections describe some of the possible choices for minimizing, managing, transferring, and even eliminating HR risks.

8.3.1. Managing Legal Compliance Risks

Members of the management team look to the HR ...

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