Risg Solutions offers professional customised health, safety, environmental, quality and fire management solutions. Our goal is to support your company in complying with your legal and moral duties, whilst also positively impacting your financial and business performance.
We cover Cardiff, Carmarthen, Swansea, Neath, Newport, Pembrokeshire, Wales & Borders..
Swansea: 01792 721750
Cardiff: 02920 099450
Risk Management is essential for all businesses -
Risk Management allows organisations to anticipate risks effectively and plan and implement mitigation. That way a business can continue running and serving their clients whilst making a profit in adverse situations.
For Risk Management to be truly effective, employees must be empowered to play a key part in the process, whilst effective teamwork will ensure delivery of the results. Let’s take a closer look at these two elements and how they affect Risk Management.
The Role of Employees in Risk Management
Employees undoubtedly have a key role to play when it comes to Risk Management -
Identifying risk is a role anyone can undertake, and identifying risk can be a positive experience in which the whole team can participate. When all employees are involved in determining the risks, without fear, the company will uncover more potential risks. If a “no surprises” culture is present each employee will have their unique knowledge or viewpoint and can provide their thoughts and opinions on risks others might not be aware of.
Leveraging the knowledge of all team members will provide additional insight, help keep lines of communication open, and help educate everyone about the importance of Risk Management.
High Performing Teams in Risk Management
High performing teams can significantly contribute to effective Risk Management within organisations for several reasons. When teams are performing at their best, undertaking things to achieve the results they require, they are more successful, agile, and better placed to deal with any risks that come their way.
In general, high performing teams all have certain things in common that help Risk Management processes and strategies. High performing teams are generally those that have open and honest dialogue throughout all levels of the organisation. This ability to communicate freely helps lines of communication stay open. If there are signs of a potential risk becoming a problem, a business can quickly identify it and relay the details to all employees to then take the necessary steps to mitigate the risk.
Giving Risk Management an important place within the business’s priorities ensures the company is adequately equipped to see and deal with risks as they happen. High performing teams allow the Risk Management processes into the wider organisation in an easier and more streamlined way. Placing importance on Risk Management and analysing how to implement it throughout everything the business and its employees do, highlights how vital it is and keeps it at the forefront of everyone’s minds.
How you communicate Risk Management to employees and management is crucial. Risk Management should be about dialogue without fear or blame. It should instead be about learning, educating, and problem-
When it comes to Risk Management, our consultants are here to help. Please get in touch if we can help your business by calling Swansea 01792 721 750 or Cardiff 02920 099 450 or complete the enquiry form on our website, and a member of our team will get back to you.
We provide sustainable solutions which comply with legal and industry requirements.