Risk Management Resources
Most HR and employment specific risk management programs involve the company code of conduct and company procedures of work and standards. These policies are put in place to protect the employer in case of a lawsuit and often indemnify the corporation from the action of specific managers or individual actions.
Another new tool to deal with business risks is business continuity planning (BCP). BCP is used as a framework and workflow to address various scenarios. BCP can involve simple issues such as staff turnover, to catastrophic issues such as a class action lawsuit, the loss of key executives, physical destruction of property, or disruption of key partners or the supply chain.
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