Identify two risks typically associated with human resource management. For each risk, identify at least one possible risk management strategy.

Establish Standards e |t is important to establish standards for determining how well you have made use of your resources. To formulate these, consult with the necessary personnel, specifically those who have been directly involved in the resource allocation process and those who have a good grasp of the business objectives Set Meetings Just as you had meetings to plan and monitor your resource allocation efforts, you must set meetings for reviewing your efforts. Ensure that you invite the necessary personnel, especially the employees who have been involved in the processes Review Records The records that you have made throughout the previous stages should be put to good use. Review your documents and determine trends and patterns in the usage and allocation of your resources. Relate your findings with your business unit objectives and determine if you have successfully met these Seek Feedback e Maximise the involvement of your personnel in your review process. Seek their feedback in the form of interviews, focus group discussions, and/or surveys. Ask them about their personal experiences and use their responses to determine how well you have been able to allocate resources and manage your resources in accordance to your set objectives Engaging in External Review You may also opt to seek external assistance in reviewing your performance and success. Having an uninvolved third party assess your performance may be valuable as they can provide unbiased insights that can help you better understand how well you have been able to allocate your resources and meet your business unit objectives