Embracing Human Connection: A New Chapter at Waddington Brown
April 29, 2024
Three ways Psychological Safety at work can have a massive positive impact
May 17, 2024
Home > News > 5 Thoughts for HR Leaders on Managing Risk

May 9, 2024

5 Thoughts for HR Leaders on Managing Risk

๐—™๐—ผ๐—ฟ ๐—›๐—ฅ ๐—Ÿ๐—ฒ๐—ฎ๐—ฑ๐—ฒ๐—ฟ๐˜€: ๐Ÿฑ ๐—ง๐—ต๐—ผ๐˜‚๐—ด๐—ต๐˜๐˜€ ๐—ผ๐—ป โ€œ๐— ๐—ฎ๐—ป๐—ฎ๐—ด๐—ถ๐—ป๐—ด ๐—ฅ๐—ถ๐˜€๐—ธโ€

In April, Waddington Brown joined forces with Prettys Solicitors to launch a new, regular, breakfast event for HR Leaders called HR HeadsTogether.

We know that HR leads have jam-packed weeks, and making time to step away from your immediate work, and meet with your peers needs a real reason โ€“ not just a โ€˜nice to haveโ€™ chat. Which is why each of the HR HeadsTogether networking events are themed and facilitated, where attendees have roundtable discussions with an employment expert and other HR leaders on a thorny employment law topic.

Aprilโ€™s subject was โ€˜Riskโ€™

 

  • What does risk mean for you in your organisation?
  • What role does HR play in mitigating organisational risk?
  • What are the barriers you face in doing so?

 

Here are just 5 of the takeaway points participants raised from the roundtable discussions guided by employment experts and hosts Vanessa Bell, Sheilah Cummins, Stephanie Harris and Linh Pook.

 

  1. Get a fresh perspective: The appointment of non-executive directors (NEDs) was identified as a useful tool for both regulated and non-regulated industries, to help with risk management by offering objective guidance and fresh perspectives.
  2. Workplace wellbeing: Introduction of wellbeing packages that actually support the root cause issues of workplace mental health issues.
  3. Strengthen the recruitment process: It was agree this help to combat staff turnover, or poor selection of candidates. More robust reference checks and discussing skills gaps mean employers can make better hiring decisions.
  4. SMT involvement:ย  Support for strategic decisions, giving managers practical (as opposed to theoretical) authority to make decisions, thus improving stakeholder engagement and accountability.
  5. Succession planning: To avoid knowledge drain through retirements, and building a foundation of contacts via careers advisors, recruiters and higher education careers advisors. development of work experience and/or internship programmes to myth bust around industry perceptions.

 

We have a further three HR HeadsTogether Events in 2024 in Ipswich and Colchester. To join us, make sure you are on our mailing list or emailย enquiries@waddingtonbrown.co.uk