Chapter 1
Behavioral Competencies: Leadership
Course: Shrm Scp Test Prep
Subject: Shrm Scp
Chapter: Workplace Knowledge Domain
Risk management involves identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unforeseen events. Effective risk management is crucial for organizations to protect their assets, ensure compliance, and achieve strategic objectives.
Lesson Objectives
In this lesson, we will delve into the critical function of Risk Management within strategic HR leadership. We will explore how SHRM-SCP-level HR leaders identify, assess, and mitigate risks associated with human capital, including compliance, employee relations, and organizational culture. You will learn to analyze risk factors using both qualitative and quantitative methods, develop comprehensive risk management strategies, and implement frameworks that promote a proactive approach to risk mitigation.
The key topics include:
- Enterprise Risk Management Processes and Best Practices, and Risk Treatments
- Approaches to Qualitative and Quantitative Risk Assessment
- Risk Sources and Types
- Legal and Regulatory Compliance Auditing and Investigation Techniques
- Quality Assurance Techniques and Methods
- Business Recovery and Continuity-of-Operations Planning
- Emergency and Disaster Preparation and Response Planning
- Safety and Security Concerns and Prevention
- Workplace/Occupational injury and Illness Prevention, Investigations and Workspace Solutions
- Approaches to a Drug-Free Workplace