Tag: risk management

Double Trouble: What to Do When an Employee Cashes Their Paycheck Twice

Imagine the following scenario: An employer issues a physical check to an employee (or another individual). The employee mobile deposits the check into their bank (Bank A). Then, the employee quickly takes the check to a fast-cash check cashing store and deposits the check again. This is known as double presentment. Intuitively, one might think […]

Why Mass Layoffs Pose Insider Risks and How Companies Can Protect Themselves

The last year and a half has brought unusual mass movements of people leaving and entering the workplace. Trends have included record breaking resignations, quiet quitting, and most recently, layoffs across industries including tech, financial services, food and beverage, and media. These shifts have led anxious employees to the latest trend of “career cushioning” – […]

Monitoring Employee Social Media

Social media is ubiquitous. With our use of social media at an all-time high, employers must take extra care to protect company information. In a world in which employees are live streaming their “everything” on social media, employers must determine whether to monitor employee social media accounts. And it’s not uncommon for employers to do […]

How Much Should an Employer Ask of Interviewers?

Making a job offer is a major decision for an employer. Employment relationships involve much more than just the cost of a salary. Benefits and employment regulations put companies in an important legal relationship with workers; a company’s reputation can be impacted by its staff; and, of course, employers want to make sure the person […]

Guns at Work: Keeping Employees Safe in Troubling Times

Every year, nearly two million American workers report being workplace violence victims, according to the Occupational Safety and Health Administration (OSHA). In fact, homicide is the fifth-leading cause of workplace fatalities in the United States, accounting for eight percent of all fatal on-the-job injuries. Nearly half of all states, however, now have laws in some […]

Tips for Managing Discharge Risks

Employment decisions can be difficult. Which applicant do we hire? Should we grant this employee’s request for leave? What type of discipline do we impose on a particular worker? Each decision carries varying degrees of risk. One of the riskiest decisions you’ll face will be whether to discharge a particular employee. Before making the decision, […]

Crisis

Crisis Planning: When Bad Things Happen to Good Companies

Planning for the problems facing your business is not just about what might happen, but when it will happen, and what you will do about it before, during, and after these problems appear. This statement will serve you best if it gets you to change the way you look at the world and change the […]

succession

3 Ways to Improve Succession Planning in Your Organization

For many employers, risk management includes succession planning. One goal is to avoid or reduce business interruptions and maintain momentum toward achieving your objectives. Another goal is to avoid the unnecessary loss of knowledge and experience occurring when valuable personnel depart suddenly and unexpectedly.