My last Blog focussed on Risk Management being a BUSINESS ENABLER. It highlighted that assessing risks, to develop mitigation strategies, helps improve decision-making, as it requires Recruiter Businesses to consider the benefits of different courses of action.
To get these benefits we need to practice risk management to become good at it, helping protect our businesses from financial & reputational losses. Here are a 3 good reasons why taking the time to practice is so important:
✅ The world is a constantly changing place, so are the risks that businesses face. By practicing risk management, we can develop the skills to effectively manage them.
✅ There are many complex factors to consider when managing risk, such as the likelihood of a risk occurring, the severity of the impact, and the cost of mitigation.
✅ Effective risk management requires the participation of everyone in the organisation. By practicing, we create a culture of risk awareness.
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