What is Behavioral Risk Management?

Whether you're a beginner or an expert, you will find this Glossary useful.

Behavioral risk management is the process of analyzing and identifying workplace behavioral issues and ensuring that the potential for damage from risk is minimized.

what is behavioral risk management

Behavioral risk management definition

Behavioral risk management is the process of analyzing and identifying workplace behavioral issues and ensuring that the potential for damage from risk is minimized.

Workplace behavioral issues include individual risks such as behaviors of employees and directors, and organisational behavior which is a collective behavior taken by the organisation.

Importance of behavioral risk management

Workplace can be affected by many risky behaviors and conditions such as stress, conflicts, violence, substance abuse, work overload, work insecurity, organizational changes etc.

They can all lead to poor communication, lack of motivation, decrease in the quality of work, absenteeism which in the end costs employers and can taint the company’s reputation.

Main steps in behavioral risk management process:

 1. Identifying the risks in the organizations

 2. Monitoring the processes and services that affect those risks

 3. Taking precautionary action to ensure company's well being

Free Glossary of Human Resource Terms

Improve your HR vocabulary by learning the most important HR terms & Definitions

Download Now

2019 Guide for Buying a Recruiting Tool

Download this guide with useful advices for buying a recruiting software tool that will help you improve your hiring efforts.

Get the Guide
TalentLyft ATS

Your Hiring Teammate

TalentLyft is intuitive and simple recruitment software specialized for SMBs.
Try it free for 14 days!
No credit card required, unsubscribe at any time.