Analysing and predicting what might cause harm or damage to the people working and how to curb that particular risk is called risk assessment. It plays a vital element in any organization and needs to be done now and then. It will protect one’s business, its environment and the people working there and needs to be done frequently and especially when someone is about to do something that involves high risk and injury. A risk assessment training is of vital importance and needs to be attended by employees of a company in order to curb any kind of risk in future.
A risk assessment training will help you in identifying risks that matter and find solutions to curb or prevent that in future. The risk assessment training would be highly practical, which will enable the employees to identify risks more efficiently. The risk assessment training is highly useful for supervisors and line managers of the organizations, who are primarily responsible for maintaining equipment and its usage. The risk assessment training will also help the organization to comply with the rules and regulations of the governing bodies. The risk assessment training is thus of prime importance and will also help the employees understand the practical technicalities and applications of these techniques and also the requirements that are needed to review these assessments. For more information you can visit HSE’s official website.
From legal requirements to risks and hazards involved in a business environment to practical risk assessment exercises, everything will be involved in the risk assessment training. This training also enables a business to cut down extra costs and maintain proper safety in and around the vicinity.
Here are the five steps that one needs to follow to make sure that the risk assessment is carried out properly, be it a small business, a start-up or a large enterprise.
• Find the problem: The first and foremost step is to find the problem that could be risky for the organization and its employees. The problem or the hazard could be chemical, mental, physical or even biological and needs to be identified immediately in order to reduce its complications and effect on the company. A hazard is nothing but something that needs to be identified as soon as possible in order to reduce or even eliminate its consequences shortly.
• To decide and find out who could get harmed: The next step after identifying the hazards is to identify who could get harmed, whether it’s your organization’s staff or whether it is the general public. The company should not only assess the risk factor of its employees but also of its clients and customers who enter their premise. The company must make sure that they assess properly and make sure that there is no risk involved with any of its member entering the premise.
Here are a few situations where the employees can do regular review routines
• Find out the risks and its control measures: After finding the problem and deciding on who might get harmed, the next step is to find the exact risk and its control measures that need to be applied in order to curb it. One needs to predict the intensity of the risk and either try to completely remove or prevent it depending on its intensity. If the risk is of high intensity, then it is better that is removed at any cost, and if the risk is of low intensity, then preventive measures can be taken in order to reduce the effect of it. After following all the preventive measures, one needs to again assess whether the risk is of high, low or medium intensity.
• Record the findings and then finally implement them: In this stage, one prepares a proper working document of how they carried out the risk assessment and what were their findings, followed by the measures taken to avoid or eliminate it. This serves as a major proof of the risk assessment and needs to be done with due diligence. This document can be used in future to refer and implement the things mentioned.
• This is followed by a review: Situations are dynamic in nature. Thus, one needs to make sure that they keep on updating and reviewing their risk assessment methodologies from time to time.
• Make alternatives if necessary: The final step after reviewing the risk assessment document is to update it and make changes as and when required.
The key aim of risk assessment is to prioritize the risk according to its intensity, followed by cutting down the risks in size as much as possible.
One can also follow the hierarchy of control method, which helps employers to approach risk assessment in a more optimal manner.
It’s safe to conduct risk assessments now and then and especially when there’s any installation of any new equipment or application. One should also remain alert and look out for signs such as frequent leave and others, to understand the problem better.
For the safety of the employees, of the employer, of the company’s clients and its staff working there, it is mandatory to conduct a risk assessment now and then following the steps mentioned above. Apart from the steps mentioned, one also needs to understand the aim of the assessment and act accordingly to curb the risk as soon as possible.
Any questions? Schedule a call with one of our experts.
Sumit Agarwal Sumit Agarwal (ACMA ACA India), the Managing partner of dns accountants is a highly respected accountant with expertise in helping owner-managed businesses.
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