Overview: Not all risks are bad. For example, buying another company has many inherent risks, but the reward might be worth the risk. When it comes to risk analysis, risk management plans should be able to recognize all risks, both good and bad. Then, the next step in the risk assessment process should be to decide how likely the event will be to affect the workplace and decide what should be done to mitigate or cultivate those risks, formulating the plan in a risk management policy.
According to FEMA, almost 40 percent of workplaces that have to close because of an emergency never open again, with 25 percent of the rest closing within a year. To counteract this, employers should have a business continuity and risk management plan to ensure that important business functions, such as payroll, are able to continuously be run even when the building itself is closed. To keep employees safe, employers should also have specific emergency plans for any workplace disaster, whether manmade or natural, that has a realistic possibility of happening in the workplace.
There are numerous types of insurance to benefit businesses, from ransom insurance to general liability insurance, and an employer who is practicing good business risk management will also make sure that they are insured in all the areas that might realistically affect them.
Trends: Among the many concerns that employers should take into account when performing a risk assessment is the likelihood of violence in the workplace, and within this topic fall gun laws. Knowing state gun laws, including a recent increase in laws allowing employees to keep guns in their locked cars even on employer property, and planning accordingly will help protect the workplace from shootings.
Author: Ashley Shaw, JD, Legal Editor
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California employers seeking to ensure that employees know that they should not improperly use or disclose certain confidential information and the potential ramifications of doing so should consider including this model policy statement in their handbook.
California employers seeking to inform employees of the company's position on accepting personal calls and using personal electronic devices during work time should consider including this model policy statement in their handbook.
California employers seeking to communicate to employees that their personal use of company telephones should be very limited and excessive use may be grounds for discipline should consider including this model policy statement in their handbook.
California employers seeking to communicate to employees that workplace violence is unacceptable and will not be tolerated should consider including this model policy statement in their handbook.
California employers seeking to make clear to employees that possession of firearms and other weapons in the workplace is strictly prohibited and to help prevent workplace violence should consider including this model policy statement in their handbook.
California employers seeking to take a significant step toward eliminating bullying and abusive behavior should consider including this model policy statement in their handbook.
California employers seeking to set expectations for employee use of company equipment and resources should consider including this model policy statement in their handbook.
HR and legal considerations when creating and implementing risk management plans. Advice on eliminating bad risks and optimizing good risks.