If a business is large enough to employ staff, there are many human resources and recruitment risks that need to be considered, such as:

• ensuring appropriate recruitment procedures exist to employ the right people, with the right experience and skills to perform their roles and “fit” into the business culture
• ensuring remuneration and benefits levels are competitive in the market
• aligning employee performance with the requirements of the business and regular reviews conducted as part of an employee retention strategy
• ensuring that employment contracts are fair and aligned with the values of the business
• ensuring adequate resources are available to meet the requirements of the task
• providing a safe working environment
• ensuring compliance with workplace regulations and legislation.

A risk management plan will assist the business owner in identifying risks associated with human resource management.

It will also detail strategies to manage the risks and monitor them.