Institutional Risks | ||
Risk | Likelihood | Mitigation |
Lack of commitment and leadership by senior management | Low | Maintain and oversee development and implementation of the Strategy of the organisation by a senior group of management • ensure a regular review and annual reporting to senior staff |
Non or loose compliance of the HR policies | Medium | Emphasis on the importance of Hr. in a corporate environment Implementation of controls that are compliant with the Hr. policies |
Failure of the entire staff to have one common goal | Medium | Define the stakeholder requirement with a clear plan and a clear outline for the deliverables for each role Enhance the role of communication between the staff such that understand each other’s responsibilities and duties in a better manner |
Staff expectation re not met | Low | ensure expectations are realistic and be open and honest about progress and issues define a plan to monitor and plan to evaluate to check the implementation of Strategy and a focal point to monitor the progress on implementation |
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