Question

Which activity best illustrates HR's strategic role in managing organizational risk?

HR conducts a workshop with other functions to identify potential upside and downside risks under the workforce management plan.
HR conducts regular health and safety reviews and administers documentation required by regulatory agencies.
HR analyzes past accident reports to detect common patterns and design appropriate supervisor and employee training.
HR interfaces with the organization's insurer to determine what level of insurance is required throughout the organization.

Answer 1

The activity that best illustrates HR's strategic role in managing organizational risk is conducting a workshop with other functions to identify potential risks under the workforce management plan, as it involves proactive and cross-functional strategic planning.

Step-by-step explanation:

HR's Strategic Role in Managing Organizational Risk

To illustrate HR's strategic role in managing organizational risk, consider this activity: HR conducts a workshop with other functions to identify potential upside and downside risks under the workforce management plan. This is a strategic activity because it involves proactive cross-functional collaboration to identify and mitigate risks before they materialize. This workshop helps in long-term planning and in aligning the workforce management with the organizational goals and objectives.

Other activities such as regular health and safety reviews, analyzing past accident reports, and interfacing with insurers also play important roles in managing risks. However, they are more operational than strategic. The strategic aspect focuses on influencing the direction of an organization and ensuring that all parts of the business are aligned and prepared to meet the challenges that may arise. By collaborating and planning with other departments, HR contributes to the design of systems and policies that ensure not only the safety but also the adaptability and resilience of the workforce.