Added value of employee risk awareness in explaining psychosocial risk management

2013 ◽  
Author(s):  
Irene Houtman ◽  
Marianne van Zwieten ◽  
Ernest de Vroome
Keyword(s):  
Risk Management ◽  
Psychosocial Risk ◽  
Added Value ◽  
Risk Awareness

scholarly journals Social Dialogue and Psychosocial Risk Management: Added Value of Manager and Employee Representative Agreement in Risk Perception and Awareness

2020 ◽  
Vol 17 (10) ◽  
pp. 3672 ◽  
Author(s):  
Irene Houtman ◽  
Marianne van Zwieten ◽  
Stavroula Leka ◽  
Aditya Jain ◽  
Ernest de Vroome
Keyword(s):  
Risk Management ◽  
Risk Perception ◽  
Polynomial Regression ◽  
General Assumption ◽  
Psychosocial Risk ◽  
Added Value ◽  
Psychosocial Risks ◽  
Independent Variables ◽  
Social Dialogue ◽  
Dependent Variables

The present study aimed to explore the added value of managers’ and employee representatives’ agreement in risk perception and awareness in explaining the management of more ‘subjective’ psychosocial risks as compared to the more ‘objective’ traditional OSH risks. The general assumption tested was whether the added value of agreement in risk perception and awareness between these parties would be larger for psychosocial risk management as compared to traditional OSH risk management. European Survey of Enterprises on New and Emerging Risks (ESENER-1) data were used from 7226 enterprises in which both managers and employee representatives were interviewed. Answers by employee representatives and managers to mirror questions on risk perception and awareness were used as independent variables, and answers to questions on risk management by the manager were used as dependent variables. Polynomial regression with response surface analysis was used. Differences in risk perception and awareness between managers and employee representatives explained more variance in psychosocial risk management as compared to more traditional OSH risk management. The implications of these findings and the importance of ‘social dialogue’ particularly in the case of psychosocial risk management as opposed to general OSH management are discussed.

Key issues in policy research for psychosocial risk management and the way forward

2008 ◽  
Author(s):  
S. Leka ◽  
T. Cox ◽  
G. Zwetsloot ◽  
A. Jain ◽  
E. Kortum
Keyword(s):  
Risk Management ◽  
Policy Research ◽  
Psychosocial Risk ◽  
Key Issues ◽  
The Way

Risk Management in Elections: A Guide for Electoral Management Bodies

2021 ◽  
Author(s):  
Amy Vincent ◽  
Sead Alihodzic ◽  
Stephen Gale
Keyword(s):  
Risk Management ◽  
Cost Effectiveness ◽  
Incomplete Information ◽  
Implementation Process ◽  
Risk Awareness ◽  
Management Framework ◽  
Risk Management Framework ◽  
Electoral Cycle ◽  
Management Processes ◽  
Electoral Management Bodies

When electoral risks are not understood and addressed, they can undermine the credibility of the process and the results it yields. Electoral management bodies (EMBs) encounter numerous risks across all phases of the electoral cycle. They operate in environments that are increasingly complex and volatile and where factors such as technology, demographics, insecurity, inaccurate or incomplete information and natural calamities, create increasing uncertainty. The experiences of EMBs show that when formal risk management processes are successfully implemented, the benefits are profound. Greater risk awareness helps organizations to focus their resources on where they are most needed, thus achieving cost-effectiveness. Over the last decade it has been observed that EMBs are increasingly moving from informal to formal risk management processes. The purpose of this Guide is to lay out a set of practical steps for EMBs on how to establish or advance their risk management framework. The Guide’s chapters reflect the breadth of key considerations in the implementation process and offer basic resources to assist in the process.

Disaster Risk Management Plans in Colombia: General Guidelines for Their Development

2021 ◽  
pp. 1-6
Author(s):  
Alejandra María Díaz-Tamayo
Keyword(s):  
Risk Management ◽  
Human Life ◽  
Disaster Risk ◽  
Disaster Risk Management ◽  
Risk Awareness ◽  
Normal Functioning ◽  
Management Plans ◽  
The Face ◽  
Changes In Risk ◽  
Evidence Based Guidelines

Abstract Over the years, Colombia has faced disaster situations that have generated changes in risk management models. These situations have brought suffering, destruction, and loss of human life, but have also served as lessons to develop procedures aimed at minimizing the risks caused by the presence of hazards. The objective of this article is to provide general evidence-based guidelines for formulating disaster risk management plans for each of the 3 action processes: risk awareness, risk reduction, and disaster management in Colombia. These plans can be achieved by preparing responses to different emergencies, which arise from threats in each of the possible scenarios, and are adverse events that alter the normal functioning of entities and communities. The implementation of these prevention strategies will allow communities to respond effectively to emergencies and recover rapidly in the face of adversity.

scholarly journals The added value of system robustness analysis for flood risk management illustrated by a case on the IJssel River

2015 ◽  
Vol 15 (2) ◽  
pp. 213-223 ◽  
Author(s):  
M. J. P. Mens ◽  
F. Klijn
Keyword(s):  
Risk Management ◽  
Flood Risk ◽  
Robustness Analysis ◽  
Decision Criterion ◽  
Flood Damage ◽  
Flood Risk Management ◽  
Added Value ◽  
Common Basis ◽  
System Robustness ◽  
System Configurations

Abstract. Decision makers in fluvial flood risk management increasingly acknowledge that they have to prepare for extreme events. Flood risk is the most common basis on which to compare flood risk-reducing strategies. To take uncertainties into account the criteria of robustness and flexibility are advocated as well. This paper discusses the added value of robustness as an additional decision criterion compared to single-value flood risk only. We do so by quantifying flood risk and system robustness for alternative system configurations of the IJssel River valley in the Netherlands. We found that robustness analysis has added value in three respects: (1) it does not require assumptions on current and future flood probabilities, since flood consequences are shown as a function of discharge; (2) it shows the sensitivity of the system to varying discharges; and (3) it supports a discussion on the acceptability of flood damage. We conclude that robustness analysis is a valuable addition to flood risk analysis in support of long-term decision-making on flood risk management.

Strategy for Performing Critical Projects in a Data Center Using DevSecOps Approach and Risk Management

2020 ◽  
Vol 13 (1) ◽  
pp. 61-73
Author(s):  
Edgar Oswaldo Diaz ◽  
Mirna Muñoz
Keyword(s):  
Risk Management ◽  
Customer Satisfaction ◽  
Qualitative Analysis ◽  
Data Center ◽  
Added Value ◽  
Management Approach ◽  
Service Levels ◽  
Service Oriented ◽  
Levels Of Service ◽  
Timely Delivery

This article describes the new needs that launched the evolution of the DevSecOps + Risk Management approach as well as a brief description of it. Also, the article presents two cases in which the DevSecOps approach was implemented. The results of implementing the approach showed that the implantation allows: (1) reinforcing the implementation of critical projects in the data center; (2) providing a strategy to automate the processes of critical mission projects in a successfully way; (3) generating added value in the timely delivery of information, with levels of service oriented to the end customer satisfaction; (4) enabling the establishment of adequate service levels to keep operational continuity and; (5) allowing both a quantitative and qualitative analysis of risk.

scholarly journals Risk transfer beyond reinsurance: the added value of CAT bonds

2021 ◽  
Author(s):  
Tobias Götze ◽  
Marc Gürtler
Keyword(s):  
Risk Management ◽  
Default Risk ◽  
Management Strategies ◽  
Added Value ◽  
Insurance Companies ◽  
Data Set ◽  
Basis Risk ◽  
Cat Bonds ◽  
Risk Characteristics ◽  
Risk Management Strategies

AbstractReinsurance and CAT bonds are two alternative risk management instruments used by insurance companies. Insurers should be indifferent between the two instruments in a perfect capital market. However, the theoretical literature suggests that insured risk characteristics and market imperfections may influence the effectiveness and efficiency of reinsurance relative to CAT bonds. CAT bonds may add value to insurers’ risk management strategies and may therefore substitute for reinsurance. Our study is the first to empirically analyse if and under what circumstances CAT bonds can substitute for traditional reinsurance. Our analysis of a comprehensive data set comprising U.S. P&C insurers’ financial statements and CAT bond use shows that insurance companies’ choice of risk management instruments is not arbitrary. We find that the added value of CAT bonds mainly stems from non-indemnity bonds and reveal that (non-indemnity) CAT bonds are valuable under high reinsurer default risk, low basis risk and in high-risk layers.

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