HR Risk Management Certification Training

Why Select This Training Course?

In today’s constantly evolving corporate landscape, integrating a risk management perspective into the culture of an organisation’s human resource department makes it easier to execute change programs by lowering uncertainty, increasing corporate resilience and, ultimately, organisational success. Human resource departments play a vital role in building and enforcing a corporate standard that reflects a proactive stance towards risk management by integrating it in all its activities.

The Rcademy HR Risk Management Certification Training will empower attendees with the rudiments of risk planning and execution. They will learn how to manage undesirable risks and outcomes and break barriers connected with risks. Participants will also learn how to recognise and evaluate risks in the first phase of risk management, the types of risks businesses must manage and overcome, and the tools used to identify, assess, and prioritise their potential impacts.

What are the HR Risk Management Strategies?

One cannot avoid every risk facing businesses. Risk management involves anticipating potential risks and minimising the damages they can cause. Human resources risk management is a technique that consists of recognising, evaluating, and mitigating potential risks connected with the company’s human resources. It covers activities like ensuring compliance with labour laws, maintaining pay equity, inclusive employee benefits, and managing workforce attrition.

Risk management is vital for every operation involving human resources. Some HR risk management strategies include avoiding loss, prevention and reduction, transfer/sharing, and retention.

What are the Key HR Risk sectors?

In the exercise of their duties, human resource professionals must consider various high HR risk management areas. Some of these include:

• Employee data management
• Compliance
• Workplace risks
• Development and learning
• Ethics

Who Should Attend?

The Rcademy HR Risk Management Certification Training course is designed for learners who want to specialise in risk management in the human resource departments of companies and other institutions. The course is highly recommended for the following personnel professionals:

• Chief Risk Officersresponsible for reducing business risks that could harm a company’s profits.
• Senior Risk Analyststasked with recognising potential losses or disadvantages for a corporation when making business decisions.
• Management officerstasked with providing administrative assistance and managing queries from employees.
• HR officers
• Risk Managers
• Investment Risk Managers responsible for managing an organisation’s investment portfolio.
• Senior leadersvested with leadership roles and managerial responsibilities.
• Business owners are responsible for building a healthy and efficient workplace environment.
• Company Directors
• HR graduates, MBA candidates, and finance professionals interested in risk management.

What are the Course Objectives?

At the end of the Rcademy HR Risk Management Certification Training, participants would have learned the following:

• Foresee changes or trends and how to utilise the global HR environment and available tools to determine risk
• Create and implement comprehensive risk management policies, procedures, and processes
• Understand the methods involves in monitoring, evaluating, managing, and reviewing projects and processes
• Learn the strategy for human factor risk management across HR teams
• Identify the human resource tools employed in risk management and control
• Learn how to boost development and growth using improved performance metrics
• Understand the context of risk both internally and externally
• Learn how to evaluate the tactical levels of risk management and various methodologies for managing the upside and downside of risks.
• Understand how to evaluate and audit risk management processes and policies

How will this Course be Presented?

This training course is participant-based and specially curated to meet their expectations while growing their skills and knowledge. Different techniques and approaches that ensure active learning by participants will be employed to deliver the training. The course will be delivered by experts in the field with years of practice and experience. The modules are designed from extensive and in-depth research on the subject.

The Rcademy HR Risk Management Certification Training offers theoretical and practical learning by providing lecture notes, slides on the subject, real-life scenarios, and lecture notes. Participants will partake in presentations, quizzes, seminar workshops, and constant feedback on the lessons taught to gauge their satisfaction.

What are the Topics Covered in this Course?

Module 1: HR Risk Management Overview

• Key concepts in HR risk management
• Classifications of risk
• The role of HR in risk management
• Managing and analysing risk management
• Benefits and challenges to risk management
• Recognising and evaluating risks
• Risk criteria
• ISO framework and principles

Module 2: Human Capital Risks

• Supply chain risk
• Ethics and Conduct
• Symposium of risk management issues
• Scarcity of vital skills
• Insurance, cybersecurity and data
• Improving key risk indicator
• Determining human capital risks
• Compliance and regulations

Module 3: Evaluating Risk Management

• Risk management approaches
• Evaluating the effectiveness of risk management processes and policies
• Promoting continuous improvement and quality assurance
• After-action debriefs and incident investigations
• Evaluating compliance
• Providing oversight to the risk management blueprint

Module 4: Sources of Human Resource Risks

• Workplace accidents
• Injuries
• Medical costs
• Loss of productivity
• Employment-based lawsuits
• Theft and fraud
• Network and data breach
• Employee benefit liability
• Employee turnover
• Training and competency

Module 5: Managing Risks

• Crisis vigilance and business stability
• Disaster management planning and anticipation process
• Risk resolution management
• Designing and implementing a risk management plan
• Defining the goals of risk management

Module 6: Human Resource Audits and Models

• Internal audits and control activities
• The evolution of HR audits
• Essential elements of an HR audit
• Recognising key HR audit challenges and designing a plan in response

Module 7: Recognising and Evaluating Risks

• The phases of risk management
• Risk analysis tools
• Recognising key risk indicators
• Evaluating risks (address or ignore)
• Risk identification techniques
• The risk registers

Module 8: Designing HR Metrics

• Creating a human resource audit dashboard
• Evaluating human resource metrics
• Improving key performance indicators (KPIs)
• Determining applicable human capital methodologies

Module 9: Quantitative and Qualitative Risk Analysis

• Qualitative risk analysis
• Tools and techniques
• Quantitative risk analysis
• Semi-quantitative risk analysis
• Balancing risk appetite with risk tolerance

Module 10: Project Definition

• Stakeholder risk attitudes and risk tolerance
• Cost management
• Scope management
• Stakeholder identification and analysis
• Quality management
• Schedule management
• Defining project and project management plan

Module 11: Emerging Trends in HR Risk Management I

• Risk appetite statement
• Artificial Intelligence in risk prediction, detection and mitigation
• Managing AI-induced risks
• Risk management amid digital evolution

Module 12: Emerging Trends in HR Risk Management II

• Enterprise Risk Management (ERM) technology and governance, risk and compliance
• Competitive advantage of ERM
• Environmental, social and governance relations with risk management
• Risk maturity models