Absolute HR Group

Risk is the main cause of uncertainty in any business. Therefore, the task of identifying risk and managing them before they adversely affect your business is extremely important. Businesses face many risk related to revenue, expenses, quality, scheduling and their employees. There are numerous types of risk unique to each business and organization.

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Below are a few risks that many companies consider:

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• Competitors entering the market

• Economic pressures

• Customer satisfaction and retention

• Increased operating expenses

• Providing quality service or product

• Customers paying slowing

• Cash flow

• Shortage of labor

• High employee turnover

• Employee theft and fraud

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Losses may incur due to the following:

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• The shortage or loss of key employees

• Deterioration of employee morale

• Inadequate development of your employees

• Lack of HR infrastructure to support your operations

• Insufficient work schedules

• Unsafe work environment

• Inequality or inequity in HR management

• Discriminatory conduct

• Ethics and behavior

• Compliance and workforce regulations