Using the business and Risk Management Template from Module 1 brainstorm employment risk. Using the list of
Question:
Using the business and Risk Management Template from Module 1 brainstorm employment risk. Using the list of risks you identified, perform a risk severity analysis and a risk response plan.
This part of the assignment will take approximately 1.5 hours to complete.
You will be assessed on your achievement of the following course learning outcomes:
Identify risks associated with employees.
Identify key clauses you may wish to include in your contracts.
Develop strategies to mitigate legal risk
Instructions
Identify at least 3 different issues covered in employment contracts used in your business.
Consider whether collective bargaining is a significant factor in your business.
Identify two current issues relating to your business that arise from employment relationships and how specific clauses govern this risk.
Complete the Risk Severity matrix.
Complete the Risk Response Plan. This should respond to all issues raised above and contain a detailed plan for monitoring your contractual relationships in your business and where appropriate a plan for influencing and responding to these changes.
You may wish to provide a summary of or link to recent new stories or articles showing legal issues applying to your industry.
1.Identify at least 3 different issues covered in employment contracts used in your business.
Employment contracts is a written or verbal agreement stating the specifics of an employer's and employee's responsibilities for a set length of time. (Breen et al., 2022). It is important that employment contracts are clear and fully explains the responsibilities of an employer's and an employees. Employment Contract are Job descriptions, salary/wage and leave should be in the contract.
Job descriptions are a way for an employee to know what they would be focusing on when they work (Paladino, 2021). It is a clear explanation of what an employee will be doing in their job. If it is not covered an employee will be confused on what their purpose is in their job. Their work may be a sales assistant, but if there's not a clear job description, their employer may also put them in a different position but the same wage. In FedEx, a delivery person would not also be the person sorting the packages in the facility, their only job is to delivery. Since it was stated in their job description.
Salary/ Wage should also be covered in employment contracts. This part covers how much an employee's per hour would be. A clear statement that shows how much an employee would be making is important to be part of the contract (Paladino, 2021). An issue will arise if it is not covered, since it will make it seem there is no consistency in their wages and that is an issue. Since an employee can be underpaid if there is not a clear amount of their wages. A FedEx driver would not be paid the same as a pilot of a FedEx plane. They both deliver packages but in different circumstances, one needs to have a piloting license that can take years to claim, while the other only needs a drivers license.
Leave or the duration of an employee's time off should be stated in the contract. It covers how much time an employee can take off, when they can take it and what the restrictions would be (Paladino, 2021). A clear statement of this in the contract will show if an employee would be taking too much time off and if they would be paid during those days. A FedEx employee who only started working a month ago would have a different leave duration than an employee who've worked for 6 years.
2.Consider whether collective bargaining is a significant factor in your business.
Collective bargaining is the "negotiation between a union and management to reach a union contract that outlines the rules that govern the relationship." (Breen et al., 2022) It occurs after the labour relations board has approved union certification. As a multinational corporation that has many different segments and services, it is important for all operations of the business to have a collective mindset. This can be done by having an organizational culture and a code of ethics.
However, when an individual or a group of individuals feel like they are being undermined or undervalued, the collective bargaining is an important factor in the labour relationship. It helps make the relationship between employees and employers smooth to ensure that the interests of both sides are heard. This helps strong bond that helps fuel a successful and productive company. For example, FedEx employees can bargain for a safer and fairer workplace, better pay and benefits, work-life balance, and regular wage increase.
Complete properly the risk severity matrix ?
Auditing Cases An Interactive Learning Approach
ISBN: 978-0132423502
4th Edition
Authors: Steven M Glover, Douglas F Prawitt