Human Resource Risk Research Articles

Hybrid Framework of, EWGM-FMEA, Analytical Hierarchy Process and Risk Balance Score Card for Risks Assessment in Energy Sector

Power plants are very important for continuous electricity energy supply and have been affected by many disruptions. Furthermore, the power grid is a critical item for both economy and society. Accordingly, the aim of this paper is to adopt a risk assessment tool combining an improved Failure Mode and Effect Analysis (FMEA), Analytical Hierarchy Process (AHP) and enhanced Risk Balance Score Card (RBSC) to model nine risk categories in the energy sector. The outputs of the improved FMEA methodology will be utilised as the inputs for the BSC-AHP framework. The improved FMEA methodology combines the exponential and weighted geometric mean to overcome some drawbacks of the conventional FMEA. The approach helps the top management in prioritising 84 risk indicators particularly, in power plants. The results of this model elucidate that the highest priority (most risky perspective) is for the supply chain perspective with 24.2% of the influence, followed by the internal and operational business process perspective with 18.4%. In this perspective, the technical risk is the key risk with 10.4% followed by the disruption risk with 9.4% while the lowest priority risk in this perspective is the project neglect risk with 2.5%. The sustainability perspective coming as the third priority perspective with 17.7%, where the environmental and safety health category covers about 41.7%, followed by the technological pillar with 35.5% and the social pillar with 22.8%. At the fourth level, the customer/demand perspective is coming with 14%, where the load forecasting risk has the highest priority in this perspective with 49%. The learning and growth perspective stay at the fifth level with 13% where the human resources risks category has more influence than the management risks category. The lowest risk perspective priority is the economic perspective with 12.7%. These results will help the top management in taking a holistic view of various non-technical risks at the strategic level and the priority for each one then, the suitable decision can be taken. The significance of this research is in presenting a novel improved for the traditional FMEA and combining it with the BSC-AHP methods to improve the risk assessment process of 84 risks of six perspectives of BSC in power plants at the strategic level.

Analysis on Human Resource Risk Management in Cross-border Mergers and Acquisitions

As an emerging economy undergoing structural reform, employment quantity and quality in China benefit from outward foreign direct investments. Cross-border mergers and acquisitions have been developing rapidly. International human resource integration is one of the determining factors in the success of the outward direct investment. Human resource management risk is more complicated in the situation of cross-border mergers and acquisitions. With case studies from cross-border merger and acquisition practice in China, this paper studies the risks in cross-border mergers and acquisitions, and gives corresponding coping strategies. Human resource management risk has various forms in cross-border mergers and acquisitions, arises from various source, such like labor risk, cultural difference, organizational cultural divergence, incentive system. This paper analyzes strategies for international human resource management, include localization strategy, social responsibility of multi-national corporation in host country, communication, incentive reward system and due diligence before merger and acquisition.

RISK MANAGEMENT STRATEGIES AND PERFORMANCE OF SMALL SCALE AGRIBUSINESS FIRMS IN KIAMBU COUNTY

Purpose: This study sought to establish the risk management strategies and performance of small agribusiness firms in Kiambu County.Methodology: The study employed descriptive research design. The population of the study was 11,120 small agribusinesses businesses (SME) in Kiambu County. The selection was done in random manner ensuring that all types of firms are considered. This was achieved through stratified random sampling. Data of the list of firms and type was obtained from the County office in-charge of industrialization. The study used both primary data. Primary data was gathered by use of closed ended questionnaires, which was self-administered. A multiple linear regression model was used to test the significance of the influence of the independent variables on the dependent variable. Data was analyzed mainly by use of descriptive and inferential statistics. SPSS was used to produce the descriptive and inferential statistics. Descriptive statistics included mean, and standard deviation. Inferential statistical techniques included correlation and regression analysis.Results: The study findings indicated that financial risk management strategy, operational risk management strategy, human resource risk management strategy, regulatory risk management strategy and disaster risk management strategy affected organizational performance. The study indicated that keeping previous record enables to forecast future risks, financial distress affects performance, keeping informed of various risks reduces the risk of poor performance and that having contingent measures to reduce financial risks improves the organizational performance.Unique contribution to theory, practice and policy: The study recommends that it is important for a company to reduce the volatility of earnings or cash flows due to financial risk exposure as the reduction enables the firm to perform better forecasts.

Personnel Risks in Ensuring Safety of Medical Activity

Purpose: modern strategies of management of the organization require the formation of special management approaches based on the analysis of the mechanisms and processes of the organization of medical activities related to possible risks in activity of medical personnel. Based on international experience and own research the authors have identified features of a system of management of personnel risk in medical activities, examined approaches showing the sequence and contents of the main practical activities of the formation, maintenance and development of the system of management of personnel risks. Emphasized is the need for further research and implementation of the system of management of personnel risk in health care organizations. Study and assessment of personnel risks affecting the security of medical activities aimed at the development of the system of personnel risk management, development of a system of identification and monitoring of HR risk indicators with a purpose to improve institutional management and increase efficiency of activity of medical organizations. Methods: in the present study, the following methods were used: systemic approach, content analysis, methods of social diagnosis (questionnaires, interviews), comparative analysis, method of expert evaluations, method of statistical processing of information. Results: approaches to predict the occurrence and development of personnel risks have been reviewed and proposed. Conclusions and Relevance: patient safety is a global issue affecting countries at all levels of development. Each year, the WHO identifies a number of systemic and technical aspects and trends in the field of patient safety related to actions of medical workers. Existing imbalances in the staffing of the health system of the Russian Federation increase the probability of potential risks in medical practice. The personnel policy of healthcare of the Russian Federation requires further improvement and development. System of human resources risk management in the healthcare organization is an important management tool, which promotes social responsibility of medical institutions to the society and improves the safety of medical activity. The process of personnel risk management begins at the stage of development of strategy of management of medical organization applies to all levels of management and includes mechanisms for the identification, monitoring and controlling HR risks that could adversely affect the medical activities of the organization. The security system of medical practice is closely connected with the management of the quality of medical care, quality of resource provision of medical organization, quality of organizational and technological processes of medical activities and quality of performance - results of medical activities, reflecting the degree of satisfaction of the needs and requests of patients. Significant role in minimizing personnel risk is the system of motivation and stimulation of work of medical workers, taking into account the specifics of certain categories of workers.

State marine policy regulation: risk management aspects

The article deals with the risks of implementing the state maritime policy. Causes and factors of their occurrence, consequences and indicators of risks'monitoring are consistently presented. Particular attention is paid to the human resource risk. Based on a comparative analysis of privatized and state port administrations, the main distinctive features of this risk’s emergence have been identified. It is determined that the profitability orientation is inherent to the state port administrations to a lesser extent.

Meeting the coming organizational risk challenges in human resources

The research presented in this paper concerns challenges of organizational risk in the field of human resources. Research goals are to determine the degree of importance and influence of human risks in order to achieve a more favorable environment for successful business. The empirical research has been conducted in Serbia during 2015, with a sample of 43 companies from the Processing industry. There were mathematical and statistical methods, multiple regression analysis and logistic regression used. Group's core results showed that over 80% of production companies are aware of the human resources risks and their importance for the business. The contribution of this paper is to prove the scientific significance of the upcoming risks of human resources establishing theoretical and empirical knowledge about the need to improve organization approach to managing these risks.

A risk perspective on human resource management: A review and directions for future research

Arguing the value of effective HRM practice has long been a focus in the HRM literature. However, there is also a case for identifying the risks presented by inappropriate or absent HRM practices. Although risk management has been established in the broader management literature for over two decades, human resource related risks have not featured as prominently as other types of risks. HRM as a discipline has a role to play in addressing this situation and raising awareness of human resource issues as risks for the organization. A review of papers published since the year 2000 in a broad range of high quality management journals, identifies that limited research has thus far taken a risk management perspective on human resources. Although the HRM and risk management disciplines stand to benefit from drawing the two areas together, this review concludes that further research and development of the phenomenon of human resource risk management is needed.

Human action quality evaluation based on fuzzy logic with application in underground coal mining.

The work system is defined by its components, their roles and the relationships between them. Any work system gravitates around the human resource and the interdependencies between human factor and the other components of it. Researches in this field agreed that the human factor and its actions are difficult to quantify and predict. The objective of this paper is to apply a method of human actions evaluation in order to estimate possible risks and prevent possible system faults, both at human factor level and at equipment level. In order to point out the importance of the human factor influence on all the elements of the working systems we propose a fuzzy logic based methodology for quality evaluation of human actions. This methodology has a multidisciplinary character, as it gathers ideas and methods from: quality management, ergonomics, work safety and artificial intelligence. The results presented refer to a work system with a high degree of specificity, namely, underground coal mining and are valuable for human resources risk evaluation pattern. The fuzzy logic evaluation of the human actions leads to early detection of possible dangerous evolutions of the work system and alarm the persons in charge.

Human Resources Risk Element Transmission Model of Construction Project Based on System Dynamic

Human resources risks lead to undermine project performance, however, due to complex and flexible character- istic of the human resources risks, the prediction and control of risks resulting from human resources is more difficult than other risk factors. In order to achieve effectively construction goal, based on the generalized project risk element transmis- sion theory and system dynamics, a system dynamics model of human resources risk element transmission during con- struction projects was developed, which analyzed different influence results that human resources risks of different time and different level caused and dynamic transfer process of human resources risk elements. Firstly, the restoration process of human resources can significantly delay project duration after human resources risk occurrence. Secondly, in the run of project construction, asymmetric composition of human resources can create unsaturation of real workload, which caused inefficiency of human resources. Finally, during different time that human resources occur, different measures which em- ployed either increase numbers of human resources to speed up construction or no increase human resources result in de- lay of project duration will seriously influence project cost. Moreover, the case study makes a more particular knowledge of human resources risk elements transmission to quantitative description of project duration and cost. This model can provide important information for risk managers and project managers addressing human resources risk.

Human resource risk and succession planning

Purpose – The purpose of this paper is to illustrate the benefits of utilizing teams of personal and financial consultants to work with farm families in New York State on issues affecting farm business performance. Design/methodology/approach – Program experience in implementing an integrated consulting model provides a framework for illustrating how such a model may be utilized on farms and other family businesses for succession planning. Findings – An integrated personal and financial consulting model is effective in producing lasting business results such as business growth, improved profitability, and reduced interpersonal conflict on farms in New York State. Originality/value – Farmers employ a multitude of risk management tools, such as crop insurance, to reduce various types of risk affecting their farm businesses in New York State, but an area often overlooked by farmers is managing human resource risk, namely succession risk. As the average age of farmers in the USA continues to increase, employing new tools and strategies is critical when developing an effective business succession plan for farmers.

Risk management and control: Human resources risks in a merged academic institution

This paper measured the mood of College of Science, Engineering and Technology (CSET) academics following the merger between University of South Africa (UNISA), Vista University Distance Education Campus (VUDEC) and Technikon SA (TSA). The formulated statements, potential human resources related risks with association to the statements were articulated. The results obtained from the survey indicated that had the risk assessment been undertaken in CSET, the risk of losing/ retaining critical skills, corporate memory, and the inability to attract these critical skills to CSET could have been higher on the risk dashboard following the post-merger of UNISA, VUDEC and TSA.

Case Study on E-Business V Corp. Software Project Risk Management with Interpretive Structural Modeling

The comprehensive risk management system based on the software project features of V Corp. is established. Four original risk factors are found with interpretive structural modeling, including analysis risk of product design, communication risk, human resource risk and decision making risk. Finally, some solutions are put forward to help e-business V Corp. improve the ability of software project risk management.

The link between CEO incentive structures, managerial power, and firm risk in the financial services industry: A comprehensive analysis of US banking and insurance firms

This paper aims to comprehensive insights regarding the link between CEO characteristics and investors´ risk in the financial services industry. The paper examines the relation among CEO incentive structures, CEO duality, and several measures of stockholders´ risk for samples of US banks and insurance firms. Our results provide empirical evidence that certain CEO characteristics are significantly related to equity investors´ risk: A CEO’s pay sensitivity to annual base salary and yearly bonus payment is negatively related to firm risk. The value of a CEO’s unvested options und unvested stock is also negatively related to firm risk. CEO duality appears to be negatively related to firm risk for banks but positively related to risk for insurance firms. Our findings have implications for shareholders who are provided by an empirical framework that takes into account CEO characteristics as non-traded human resource risk factor

Research on Application Computer Technology in Project Management

This article detailed introduces the system integration project management present situation, analyzes the system integration project initial stage, executing stage and completion stage of each phase of the project management content. And the problems existing in the process of system integration project management are analyzed. And these problems include project scope management. Project team management is not perfect and project risk management is not science, etc. Based on the relevant theory of the system integration project management at the same time, it analyzes the cause of system integration project management problems, and puts forward the corresponding improvement countermeasures. Finally based on the theory of project management nine knowledge areas, according to the basic process of project management: start, planning, executing, controlling and closing to discuss a specific system integration project. The concrete covers the scope of the project management, human resource management and risk management, and other areas of the project management body of knowledge.

Wastewater treatment Transfer-Operate-Transfer (TOT) projects in China: The case of Hefei Wangxiaoying Wastewater treatment TOT project

This paper analyzes wastewater treatment Transfer-Operate-Transfer (TOT) projects in China since the early 2000s, addressing both risks and risk mitigation efforts. Special attention is paid to the Hefei Wangxiaoying Wastewater Treatment TOT Project as a case study. The project unveils various risks, i.e., institutional and regulatory, financial, and human resource risks. To mitigate the risks, the government established relevant institutions alongside the organizational reform and adjusted the wastewater tariff. Berlinwasser secured long-term revenue through the service fee increase agreement and guaranteed job security for plant employees. The TOT model seems to become increasingly popular in the Chinese wastewater treatment market despite diverse risks involved.

Employees’ Cognition Toward Business Operational Risks in Swimming Pool Industry

In this study, researchers attempted to understand the types, frequency, and influences of enterprise business risks in swimming pool industry. Meanwhile, it was to explore whether there exist significant differences between different employee characteristics. Questionnaire survey was used to collect data, 304 valid questionnaires were obtained and valid rate was 76%, from employees of swimming pool. The results of this study were as follows :There were eight enterprise business risk types, including financial risk, disaster risk, responsible risk, policy and legal risk, human resource risk, organizational and strategic risk, operational risk, and industrial risk. industrial risk was the highest influence and financial risk was the lowest on business. Difference in employee’s age and educational level were found significant differences on influence eight dimensions of enterprise business risks.

Global Marketing: Importance of Human Resource and Supply Chain Risk Management to Build a Successful Company from Global Marketing Perspective

Global markets are expanding rapidly. The term global marketing has been in use only since the 1980s. Before that decade, international marketing was the term used most often to describe marketing activities outside one's domestic market. Global marketing is not just a new label for an old phenomenon; however, it also provides a new vision for international marketing. This paper mainly examines the organization's internal management to coordinate their work and achieve certain goals or targets. This paper not only illustrates the challenges of developing and upholding strong trust in global human resource management from global marketing perspectives, but also the challenges that highlight how global marketers manage their global supply chain risk management. While global marketers comprises of members across different locations, cultures, and time, the highlighted challenges are overcome via two communication behaviours, such as cross- cultural communication and computer-mediated, which study describes the communication behaviours that might boost trust in global human resource management which may lead company to success. In today's increasingly complex environment, risk adjusted supply chain management also focused in this research which can drive into improved financial performance and competitive advantage.

Identifying risks inherent in farmer cooperatives in China

Purpose – The purpose of this paper is to investigate risks faced by farmer cooperatives in China, using farmer cooperatives in Zhejiang province as a case. Specifically, the authors identify risks inherent in two primary types of farmer cooperatives in China (traditional and modern ones) when the external environment changes, the cooperative size expands and heterogeneity in membership widens. Design/methodology/approach – The authors assume that the “uncertainty of the external environment” and the “deviation of organisational adaptation” constitute the two dynamic factors that generated risks for farmer cooperatives. A survey of 158 farmer cooperatives is obtained in Zhejiang province in 2010, and factor analysis is employed to identify the risks and their critical degrees of traditional and modern cooperatives. Findings – The results indicate that two types of cooperatives in China face drastically different sets of risks. Traditional cooperatives face larger competitive and human resources risks, whereas modern cooperatives face larger decision-making and behavioural risks. Product market risk, macroeconomic policy risk and financial risk are common critical risks faced by both types of cooperatives. Originality/value – In this paper, risks in China's farmer cooperatives were empirically studied and systematically discussed. The paper offers a typology to identify risks inherent in two primary types of farmer cooperatives in China (traditional and modern ones) according to property rights arrangements and governance structure.

Top 8 Key Risk Factors of Developing E-business in Traditional Retail Trade are Analyzed with Interpretative Structural Model

The top 8 risk factors of developing e-business in traditional retail trade are analyzed with interpretative structural model: there are risk of market transparency, marketing service risk, IT facilities construction risks, human resource risk, online and offline coordination risk, organizational strategic risk, operating data risk, logistics distribution risk, and its interpretative structural model is established. The result illustrates that the relationship among the top 8 risk factors of developing e-business in traditional retail trade is interactive, human resource risk and risk of market transparency are at the bottom of the structure, those are the root risks. Marketing service risk, logistics distribution risk and operating data risk are at the top of the structure. The above five risk factors are the most critical risk factors. The purpose of this paper is to find the root risks and the relationship among the top 8 risk factors, so as to guide the enterprise invest the fund and manpower into the root risks according the priority order while doing risk management, in time to avoid the loss of these risks to the enterprise.

Editorial: Special issue on the 7th Symposium of the EWDTS on Workplace Drug Testing

Workplace drug testing (WDT) is an interdisciplinary topic thus concerning not only people directly involved with the testing, i.e. laboratory personnel and collectors, but also employees and their representatives, human resources personnel, occupational physicians, risk assessors, compliance officers, lawyers (for the company and for the employees), drug counselling and treatment providers and policy-makers. The situation becomes more challenging when WDT needs to be performed in a heterogeneous continent as Europe is, with its different cultures, trade unions' influence, health and safety policies, languages and laws. This was realized as early as 1998, when the EWDTS was founded primarily to ensure that WDT in Europe is performed according to a defined quality standard and in a legally secured way and secondly to provide an independent forum for all aspects of WDT. The first aim is fulfilled via the formulation of drug and alcohol testing guidelines for urine,[1] hair,[2, 3] and oral fluid.[4, 5] The former two are already accepted by the European Co-operation for Accreditation, (EA) as advisory documents.[6] The oral fluid guidelines have been submitted to the EA and are waiting to be accepted. The second EWDTS goal is mainly achieved through the Society's biannual international symposia: in Huddinge, Sweden (1998), in Rimini, Italy (2000), in Barcelona, Spain (2003), in Dublin, Ireland (2005), in Stockholm, Sweden (2007), in Copenhagen, Denmark (2009), and the last one, held in Edinburgh, Scotland (2011). Thanks to John Wiley & Sons Ltd, this special issue contains 7 of the 21 sessions presented at this last meeting.