Question: This Risk action plan Each of the risks identified above should be included in the table below and actions shown. The table should be copied
This Risk action plan Each of the risks identified above should be included in the table below and actions shown. The table should be copied and pasted for each risk. I completed two risk action plans, but I am not sure how to fill out Timing and Reporting/monitoring. Please help me to fill out them, thanks!
| Description of risk | Lack of experienced sales representatives for new branch outlets |
| Summary of recommended response and impact | The company is going to open new branch outlets in Sydney, Adelaide and Melbourne which means the stores need some experienced sales representatives. Finding experienced sales representatives is not particularly easy. It is necessary to pay special attention when screening personnel and the training of employees is indispensable. Inexperienced employees impact sales performance and customer experience. |
| Proposed actions |
|
| Resource requirements | Time of human resource teams Computer, Internet Online courses and seminars |
| Responsibilities |
|
| Timing | ????? |
| Reporting/Monitoring | ?????? |
| Description of risk | Unstable workforce (High staff turnover) |
| Summary of recommended response and impact | Reduce the likelihood of occurrence Due to fierce competition in beauty industry, many companies are eager for talents. If the company does not have incentive policies,it will result in high staffturnoverand affect the development of the company. |
| Proposed actions |
|
| Resource requirements | Times of HR teams and responsible manager Computer and Internet Telephone |
| Responsibilities | HR team members call or email employees to care about the physical and mental health of employees. The HR evaluates employees'performance and develops incentive policies to encourage and retain employees. |
| Timing | ????? |
| Reporting/Monitoring | ????? |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
