It is evitable for a firm to possess the necessary knowledge concerning legislation. To start with, the experience applies to the firm’s ethical practices relating to the respective industry. Regarding this, what a certain industry might consider right might be offensive to another; hence there is a need to avoid the bottleneck concerning unethical behavior. Working knowledge also remains to be the key issue in this context. The result is that the firm is able to minimize the number of resources and times employed towards maintaining the safety and more importantly the training of individuals. The personnel working in any health facility must have complete knowledge of how the various processes are worked. For the convenience of the workers, maintaining the employees in an organization, maximizing output, enhancing the quality of each department, and improvements of the working conditions are among the reasons why working knowledge remains a necessity in a firm.
- A hazard entails an event that posses the likelihood of resulting in a more severe risk within a specified period scale.
- Risk refers to an activity, action, or an occurrence that has a potential probability of resulting in a loss as the final product
- The major reason (s) for assessing a risk is to first and foremost identify the cause, classification and later conducting an analysis of the present dangers in the situation identified.
- There are a number of ways of identifying hazards. First, an analysis can be conducted relative to the situations that pose as potential causative agents of the problem. They can also be identified by analyzing the unlikely conditions surrounding the event under investigation or even analyzing the issue that is already exposed to the risk.
- Risk management refers to the process of evaluating, forecasting and the conducting an analysis of a financial risk. Follow-up activities are made to initiate ways of evading future occurrences of similar risks.
Procedures and policies that ensure that a firm adheres to its health and safety responsibilities (220-250 words)
The above case is evidenced when a firm fails to make the workers learn about the importance of following the organization’s safety and health responsibilities. Various measures can be enacted to make sure that the employees and a firm, in general, adhere to its responsibilities. First and foremost, seminar and other meeting s geared towards informing the participants in the firm the importance of maintaining safety standard are important to consider. During the seminars or meetings, the workers need to know the advantages of being responsible.
A firm can also opt to offer refresher courses to its workers. Working for long periods without securing time for workers to update their profession can retard their effectiveness. Refresher training helps the workers remain updated about their duties. The effect is crucial since the firm needs to inform the workers about what is expected to be done. The firms can take this chance to note the code of ethics and other important information that might help maintain health and safety responsibilities.
Instruction of awards can be an encouraging process if introduced in the organization. Workers tend to retaliate positively when they are assured of appreciations once they meet some set requirements. Awards can be used to appreciate the roles of adhering to the organization’s safety and health standards. The effect is dramatic since works would be adhering to their responsibilities to attain recognition by the firm. Lastly, inviting external coordinators to analyze the possible problems hindering the organization’s ability to follow its safety standard is a considerable decision. The coordinators must also offer workable solutions to help the organization retrace its ways.
Incidences that must be presented to the regulatory authority; data that must be included in the reports (150-180 words)
In any firm, there is the possibility of risks that are influenced by the existence of uncertainties. The ineffectiveness might be as a result of the nature of operations in the firm. As a result, there is a need for a regulatory authority that sees to it that risk minimization measures are performed. In light of this, the regulatory authority makes sure that losses are controlled. The authority also controls the negative outcomes that may arise due to the event of a loss. Regarding this, the department must be made aware of various issues. First, the department must have a concrete understanding of the degree of risks that different parts of the organization are facing. After the realization of the potential risks, the firm is required to conduct an assessment and provide a detailed report to the directing department. The monitoring consultants also demand to be availed of the exact value of the items that are prone to danger. Lastly, the firm must disclose any relevant information concerning the history of losses related to the resources it possesses. The information is crucial to the regulatory authority since it can help determine the measure to enact to prevent the probability of the risk to happen.
Hersey, P., Blanchard, K. H., & Johnson, D. E. (2007). Management of organizational behavior (Vol. 9). Upper Saddle River, NJ: Prentice hall.
Kuempel, E. D., Geraci, C. L., & Schulte, P. A. (2012). Risk assessment and risk management of nanomaterials in the workplace: translating research to practice. Annals of occupational hygiene, 56(5), 491-505.
Butler, H. N., & Macey, J. R. (1996). Externalities and the matching principle: the case for reallocating environmental regulatory authority. Yale Law & Policy Review, 14(2), 23-66.