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Incorporating Risk Management in your HR policy  

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Seminar Summary:

National surveys of risk managers identify human capital related risks as one of the most important risks facing organization…and one of the least effectively managed. (see full course description)

 

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Training Course Syllabus:


Incorporating Risk Management in your HR policy

Course Description:

National surveys of risk managers identify human capital related risks as one of the most important risks facing organization…and one of the least effectively managed. Meanwhile CEO global surveys concerning high-impact global risks consistently rank the “availability of key skills” as a critical risk…a risk — if not effectively managed — that can negatively affect the achievement of strategic and business objectives, negatively affect competitiveness, and hamper an organization’s ability to innovate.

HR experts and business leaders further note that misaligned, ineffective, and improper human capital management policies, practices, and processes create financial, operational, and reputational risks that can threaten an organization’s bottom line, adversely impact sustainability, and reduce the organization’s value for its stakeholders.

Conversely, effective human capital risk management can create a competitive advantage, create new business development opportunities, enhance the effective deployment of resources, and create value. Thus the benefit from HR audits.

This workshop addresses the benefits, procedures, and methodology of managing HR related risks. It reviews the issue of human capital risk management and its impact on the organization. It further reviews key risk management and human capital management concepts, discusses methods of assessing risks, evaluates human capital KPIs, KRIs, and scorecards, and evaluates risk control and risk mitigation strategies and techniques.

Learning Objectives:

Key human resource risk management techniques and issues
Critical issues of human resources management
Risk management techniques in managing human capital related risks
Human capital risk management effectiveness through the use of HR audits
National benchmarking standards for human capital management
Key Performance indicators (KPIs) and Key Risk Indicators (KRIs)
Human capital metrics and human capital scorecards
Human capital risk management to help your organization seize opportunities and reduce liabilities

Topic Background:

To help assess their exposure and vulnerability to these human capital risks and to help enhance the management of their human capital asset, organizations are increasingly conducting HR risk management assessments. These assessments are no longer just checklists of human resources do’s and don’ts, they have become continuous, sustainable, comprehensive management assessments that provide assurances that risk are properly identified and management; that HR activities are aligned with business objectives; and that compliance and governance requirements are being met.

These risk assessments, which include HR audits, are used to protect and enhance the value of the organization’s human capital. They also assess the alignment of HR management activities with organizational objectives, help manage the organization’s human capital risks, identify and manage material risks; ensure compliance; assist in due diligence; and help assess and test internal controls. HR risk assessments additionally ensure that human capital adds value to the organization; that the organization’s human capital makes the organization more competitive; that it helps the organization achieve its business objectives; and that the organization clearly identifies and manages its human capital risks and opportunities.

Thus, HR risk management is increasingly seen as an important addition to the organization’s planning and budgeting activities and helps the organization identify critical risks that can have a significant impact — either positively or negatively — on the organization.

Day 01(8:30 AM - 4:30 PM)

08.30 AM - 09.00 AM: Registration

09.00 AM: Session Start Session One: Introduction to HR Risk Management

Background of HR risk management

Key HR risk management concepts

Identifying key HR risk management issues

Developing an HR risk management plan

Session Two: Assessing Human Capital Risks

Discussion of risk management issues

Determining human capital risks

Developing Key Risk Indicators (KRIs)

Discussion of human capital risk mitigation and risk appetite

Exercise: The Employment Practices Liability Risk Assessment Tool

Exercise: Mapping capital human risks

Session Three: Developing HR Metrics

Discussion of HR metrics

Determining relevant human capital measures

Developing Key Performance Indicators (KPIs)

Developing HR audit dashboard

Session Four: HR Audit Model

Discussion of the critical components of an HR audit

Discussion of internal controls Discussion of internal audit activities

Exercise: The HR Audit Worksheet

Day 02 (8:30 AM - 4:00 PM)

Session One: Introduction to HR Audits

Background of HR audits

Evolution of HR audits

Developing an HR audit plan

Identifying key HR audit issues

Exercise: Pre-HR Audit Questionnaire

Session Two: Assessing Strategic Alignment

Assessing of the value of human capital

Assessing your employment brand

Assessing work force needs

Assessing employee commitment and engagement

Discussion of employee surveys to validate audit findings

Exercise: Mapping employee commitment

Session Three: Assessing HR Management Related Documents

Assessing employment posters and notices

Assessing job descriptions

Assessing employee application and other hiring forms

Assessing employee files

Discussion of employee handbooks

Exercise: Review Survey Report on Employee Handbook Policies and Practices

Session Four: Assessing HR Management Processes and Practices

Assessing the recruitment, selection and hiring process

Assessing performance management

Assessing employee relations

Assessing the discipline and termination process

Discussion of Technology

Session Five: Practical Applications of HR Audits

Identifying to HR audit stakeholders

Discussion of HR audits for vendors, suppliers, and contractors

Discussion of HR audits in mergers and acquisitions

Discussion reporting and implementing HR audit results

Seminar Summary:

National surveys of risk managers identify human capital related risks as one of the most important risks facing organization…and one of the least effectively managed. (see full course description)

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