Course description
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 training course 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.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
This Incorporating Risk Management in your HR policy course is ideal for :
- Employment Managers
- Employee Relations Professionals
- Chief Talent Officers
- HR Coordinators / Supervisors
- Risk Managers and Professionals
- HR Administrators
- HR Analysts
- Auditors
Outcome / Qualification etc.
By the end of Incorporating Risk Management in your HR policy course , you will understand:
- The 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
Training Course Content
Day 1
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
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
Day 2
Developing HR Metrics
- Discussion of HR metrics
- Determining relevant human capital measures
- Developing Key Performance Indicators (KPIs)
- Developing HR audit dashboard
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 3
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
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
Day 4
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
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
Day 5
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
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...