What is behavioural risk management?
Behavioural risk management is a process that includes the analysis, identification, and handling of behavioural issues in the disciplines of industrial and organizational psychology that could become a problem in the workplace. There are potential dangers and risks associated with most behaviours, and this type of management system allows employers to put those matters in focus to avoid negative consequences. Some of those risks might be the behaviour of an employee, the behaviour of a director, or even the behaviour of the manager or business owner. There may also be organizational behaviours, considered “collective” behaviours, that could pose risks and issues in the workplace. A behavioural risk management plan helps an employer to avoid stress, violence, insecurities, abuse, and other negative behaviours that would result in a serious conflict.
Learn more about behavioural risk management
When do I need to be aware of behavioural risk management?
An example of someone who might need to be aware of behavioural risk management is a human resources manager. These individuals make decisions about employees in the context of a wide range of risks and would need to be aware of how to handle certain situations.
What is important to know about behavioural risk management?
Without a proper behavioural risk management solution in place, motivation in the workplace can decrease, work quality can decline, and communication can deteriorate. To create an effective behavioural risk management system, there are some steps that should be taken:
- Every organization has different risks, so one of the first steps in developing a behavioural risk management solution is to analyze and identify the specific risks in your organization.
- For a risk to become a problem, it must be triggered by something, and with a behavioural risk management solution, you are able to monitor the processes and issues that turn risks into problems.
- Precautionary measures must be taken to reduce risks in the workplace, and by implementing a behavioural risk management solution, that’s exactly what you’re doing.
More Term Categories
Browse our personal insurance definitions to better understand your coverage options!
Learn the most common terms and phrases you'll find related to business insurance!
Expand your knowledge of the insurance industry with these general insurance terms!
Explore commonly used terms relating to employee benefits!