Question

OL 645 : Risk Management Plan Project Instructions and Rubric Overview The HR department plays a

critical role in risk management strategy, education, and mitigation. When a risk situation has arisen within an organization, the HR department must respond and take action. Imagine that you have just been hired as an HR manager for a large corporation (fictitious or real). The executive team is worried about potential organizational risks within the company. They have asked you to create a risk management p lan to mitigate organizational risk. In order to understand the process of how an organization responds to a risk situation, you will need to find two public case s of risk mitigation. In examining the two public cases, you will pay special attention to the legal, ethical, safety, environmental, cultural, political, and financial factors addressed by both. Your goal will be to create a compare and contrast assessment of the two cases regarding the aforementioned considerations. The result of the two case comparisons will allow you to extract best practices while developing a risk management plan for the company you work for. The risk management plan will showcase your mastery with respect to the following course outcomes:  Analyze ethical and legal risks o f complex human resource issues to ensure legal compliance and to mitigate risk.  Predict the impact and costs of legal, safety, environmental, and financial risks on stakeholders.  Analyze societal, cultural, and political factors in order to make well – info rmed human resource decisions.  Evaluate the current trends related to workplace health, safety and security for their impact on corporate social responsibil ity.  Describe pertinent federal employment laws that are related to ethical challenges facing human resource professionals today. Prompt Your risk management plan should answer the following question: What specific challenges must the HR department address to mi tigate organizational risk situations? The risk management plan should address the following main elements: 1. Ethical and Legal Risks — Identify ethical and legal challenges that were taken into account when analyzing the two public cases, such as positive and/ or negative impacts on key stakeholders (e.g., employees, their families, shareholders, and the communities involved). a. What are some approaches your company could take to ensure legal compliance? Explain the probabl e impacts of those approaches. b. What methods could your company use to mitigate ethical and legal ris ks? Provide specific examples. 2. Potential Impact — Evaluate the impacts of legal, safety, environmental, and financial risks that were encountered in the two public cases. a. What was the impact of the legal, safety, environmental and financial risks to the organizations in the public cases? Provide specific examples to illustrate. Use these examples to forecast potential impacts for your compan y in the risk management plan.

b. Considering that the executive team is having you take a proactive approach by creating a risk ma nagement plan to organizational risk, what are some of the cost s associated with these risks? 3. Public Relations — Identify the challenges associated with the cases going public. a. What factors were considered when society as a whole either supported or o pposed the decisions made in the public cases? How important is societal support, and what factors will you consider to prod uce positive societal support? b. What factors were considered with regard to cultural support or opposition in the public cases? H ow might you apply these factors to your company? c. Were there political influences affecting management’s decisions in the public cases? Give examples of possible political iss ues and explain how they are relevant to your company’s decisions . 4. Trends — Describe current and projected trends regarding workplace health, personal safety, and security in the public cases. Based on those current and projected trends, address the following: a. What are the implications for workplace health and safety of the ri sk situations in the public cases? Why should these factors be considere d in the risk management plan? b. Why would an employer be concerned with the personal safety and security of wor kers in these risk situations? 5. Employment Laws a. Identify the ap plicable federal laws and acts and the possible impacts of each law on current employees at your compa ny. b. Propose methods that could be used to ensure compliance wi th all identified regulations. Deliverable Milestones Deliverable Description Due S ubmission Required Phase I 2 – to 3 – page analysis of the Executive Summary by Ernst and Young Business Pulse 2013. Module 6 Submit as an Assignment X Phase II 1 – page comparison and contrast of two or more case studies, identifying HR strengths and weaknes ses regarding legal and ethical workplace situations. Module 8 Submit as an Assignment X Phase III Submit your final Risk Management Plan, minimum 10 pages. Module 10 Submit as an Assignment X

Risk Management Plan Project Phase I Due Week 6 1. Ac ademic Writing: To prepare for academic writing, visit the SNHU Learning Center. Review the resources available for writing a cademically. https://my.snhu.edu/Offices/LearningCenter/P ages/home.aspx 2. Prepare: Read the following Executive Summary by Ernst and Young Business Pulse 2013 The Ernst and Young report identifies the top risks and opportunities for executives to consider for their strategic plans. T his report discusses ma ny influences on business practices, such as society, culture, politics, health, safety and security. http://www.ey.co m/Publication/vwLUAssets/Business_Pulse_ – _top_10_risks_and_opportunities/$FILE/Business%20pulse%202013.pdf 3. Executive Summary Project Phase I: Imagine your company is planning and strategizing for the future and that you have been as ked by the executi ve team to brief them on the state of the risks and opportunities in the industry. Prepare a 2 – to 3 – page analysis of the Executive Summary by Ernst and Young Business Pulse 2013, along with a review of the Modules 1 – 5, your textbook, and other research. Y our analysis will help the top executives create a comprehensive strategic plan that includes risks and opportunities that could impact employees and other stakeholders. Make s ure your paper clearly addresses the following questions: • What are the top le gal, safety, environmental, and financial risks and opportunities identified? • What situations are influenced by society, culture, politics, health, safety and security? Connect to Federal and State laws when appropriate. • In the global market, what are challenges businesses face when identifying risk for forecasting? This assignment covers the following areas and objectives: • Ethical and Legal Risks • Potential Impact • Trends • Employment Laws

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