Question: This involves employees adhering to regulation while remaining compliant and the organizations ensuring safety conditions and practices are in place at the workplace. This practice
This involves employees adhering to regulation while remaining compliant and the organizations ensuring safety conditions and practices are in place at the workplace. This practice may then help mitigate risk that is related to injuries and may also help organizations avoid hefty lawsuit and maintain the reputation that they desire. Mitigating risk and maintaining safety standards should not only be practiced within the organization, but HR may help translate the importance of risk mitigation to all supply chains. In a modern society, it is vital that safety procedures are followed in countries that the organization has operations in (Carroll, 2016). The modern world demands ethical practices to be in place, and it is the job of the HR Department to ensure all these are compliant in an organization. While the risk factors mentioned above remain within the control of the organization, some remain beyond any control and severely affect the results of an organizations performance. Macroeconomic and market risks do contribute to poor results in forecasting
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