Components of a Successful Risk Assessment Program
A risk assessment program involves evaluating your workplace to identify and eliminate any threats to your business or employees. When done well, a risk assessment program can help you avoid expensive fines, compensation costs, lost time, and other losses that may occur from workplace injuries.
Finding the Best Assessment Program for You
Due to the complicated nature of workplace safety, it can be difficult to choose a program that fits all of your needs. To best protect your business and its employees, look for the following components to develop a successful risk management program.
Risk Identification and Evaluation
Before you can begin implementing a risk management strategy, you must first get a picture of your company’s current safety practices. By assessing not only critical units but your entire organization, you should identify any potential risks and the impact they may have on your business. Once you have fully evaluated all risks, you can then begin to develop a strategic plan to reduce them.
First and foremost, a successful risk assessment program should include a job site assessment performed by a professional risk manager. During this process, a safety expert will inspect every inch of your job site in search of any potentially hazardous materials or conditions, such as faulty machinery or poor air quality. By helping you maintain OSHA, DOT, and EPA compliance, a risk assessment program ensures the safety of your employees and protects you from expensive regulation penalties.
Customized Safety Training
When it comes to your business’s health and safety programs, prevention is key. A successful risk assessment program aims to be proactive in addressing risks, rather than waiting for an accident to occur. Injuries and losses in the workplace can cost you thousands of dollars in workers compensation, as well as lead to significant decreases in productivity and employee morale. By providing preventative safety training, risk managers help to mitigate and monitor risks.
The best risk assessment programs feature expert safety training sessions that are personalized to your business’s specific needs. Safety specialists work with you to develop safety programs and distribute training materials. Online and on-site training is provided to educate new employees as well as re-train your workers as health and safety standards continuously evolve. By cultivating a workplace culture in which safety practices are norms, you can drastically reduce the chance of accidents and boost job satisfaction.
Human Resources Knowledge
Your employees are your biggest asset, so it is important to make sure that your business is staffed with highly qualified and satisfied workers. In addition to ensuring the safety of your personnel, the most successful risk assessment programs include a focus on human resources skills. By assisting in drug testing and background checks, risk managers help you develop a strong team of skilled workers. Additional recordkeeping and management of employee complaints serves to keep your staff happy while allowing you to focus your time and effort on your core business.
If you are interested in a professional risk assessment program that will reduce your overhead costs and protect your employees, contact Risk Management Partners today for more information.