Online inductions: Are they effective?

Online inductions: Are they effective?

Are online inductions effective?

With COVID-19 having shaken how we do business, many businesses are opting to do inductions online now. This goes for traditional office setups, as well as businesses operating a site or working with contractors.

People have realised that online inductions are very effective and can speed up the process, whilst also requiring less manpower and offering a paper trail. These benefits have made them a rising star or 2020, with their popularity set to increase in 2021.

Here’s why your business might want to consider online inductions:

  • Offer your employees the chance to work in their own time

People learn in different ways, and at different times. With the online inductions you can allow your people to do self paced learning that they can complete at a time that suits them. It’s the ideal way to allow people to do their induction in their own time, whilst also creating a relationship with your employees whereby they know that their learning and safety compliance is their responsibility as well as your company’s.

  • Decreased operation costs

In person inductions can be very boring and repetitive, and they take a lot of time for a more senior employee to go through. This is essentially a waste of their valuable time, when the induction can take place online. Not only do you save on the costs of your people and their time, but you also save on things like room space, printed materials and external trainers. 

  • Online inductions allow you to record progress

Another key benefit of online inductions is that they are fully recorded. This means that your business is left with a paper trail of the training that an employee has completed which is great for both compliance and internal understanding of who has completed what. 

  • Consistency

With online training, you know that everyone is on the same page. Literally! Everyone completes the same training which means that you know that they are getting the same messaging, and that that messaging is correct. There is nothing worse than having a dispute and an employee saying “well I was taught to do x this way”. With online inductions, you know exactly what everyone was told, you know that it was consistent and you know that the employee signed off to say that they understand it.

  • Online inductions are mobile

One of the most troublesome aspects of in person training is that it requires people to be present. Online inductions can be completed wherever the employee is. Whether they want to work on mobile, a tablet or their computer, you can be sure that it will be easy for them to access their online induction and that they won’t have to pass on a piece of paper that might get lost. All of the information can be pulled up, at any time and any place on mobile.

  • Reduced risk with online inuctions

When you carry out inductions online you reduce the risks that are associated with putting a potentially untrained person in a high risk environment. Training online can allow you to fully train someone before they get onto the site, meaning that they will already have a good understanding of safety precautions.

What is a Contractor Induction Software?

A contractor induction software is an online solution that enables employers to quickly, and cost-effectively induct a new staff or contract worker. This software helps you to train your workers so that they arrive ready to work and compliant.

It should be noted that online induction could not replace a site-specific induction that will require meeting in person to cover any specific dangers or hazards. However, it is good enough to cut down on wasted time and allows everyone to be more productive.

As you can see, using technology to streamline your contractor induction programs will save you time and money. If you are unsure of how these benefits will work for your company, you can take advantage of a free, no-strings-attached trial of our online induction software.

 

Does health and safety software save businesses money?

Does health and safety software save businesses money?

One of the questions we are so often asked about health and safety software, is whether it will save the business money.

On the surface, it can look like health and safety software is an added cost as opposed to something that could save your business money. However, this couldn’t be further from the truth. 

Health and safety software can save your businesses huge amounts in insurance, injury claims and compliance costs, which can not only hurt your business financially but in terms of reputation damage too. Discover why health and safety software can be one of the best ways to save money, and ensure that you have the best practices in place as your business grows.

Here’s some of the ways health and safety software will help you save money:

Improve how your business responds

One of the main costs associated with health and safety that set people back are the response times and how the business responds to an incident.

These are the areas where mistakes can be made, incidents can be left unreported and ultimately the business can be liable. A significant amount of time and money can be saved by implementing more effective safety management and incident reporting systems that help you stay on top of everything that is going on within your business.

Your business could save money with these systems by improving the response time, minimising clean up, encouraging a faster return to normal productivity and preventing the need to replace damaged equipment.

Safety systems that help you set out how employees and contractors should respond to an incident can significantly improve emergency response time, which in turn saves money.

Does health and safety software save businesses money?

Avoid Penalties 

One of the main ways that businesses lose money when it comes to health and safety is when they don’t comply with rules and regulations and end up being fined.

Compliance is crucial to reducing fines and ensuring that things are done the right way on your site or project. With health and safety software in place employees are aware of the guidelines and have an easy to read guide on hand on their mobile or tablet. This helps to minimise error on the businesses behalf and means that your teams can identify and communicate with the right person when unsure of what to do. 

In this regard, the compliance goal becomes much easier to achieve and maintain, which reduces the likelihood of any penalties that can add up in the long run.

Does health and safety software save businesses money?

Reduce costs associated with accidents and incidents

The cost of having an incident occur on your site can be shockingly high. Correcting mistakes, paying fines, or paying out to compensate staff who are injured on your site can make a huge dent in your profits and in some extreme cases even put you out of business.

Having safety management software in place helps to reduce costs associated with accidents in two ways: 

  • Reduces the likelihood of the accidents 

The best way to avoid having to pay out for accidents is to avoid having them in the first place. Health and safety software helps your business do just that by ensuring that measures are in place to reduce the risk of an incident.

  • Ensures you are doing everything correct if something does happen

Sometimes accidents are just unavoidable, and in these moments health and safety ensures that you are covered and have done everything you can do reduce them and report them if they do happen.

Does health and safety software save businesses money?

Save on reputation costs with health and safety software

The immediate costs of an incident on your site are obvious – compensation costs, costs of temporary workers, sick leave costs, insurance premiums – the list goes on.

However, some of the costs that are caused by an incident are hidden. Included in these costs are things like reputation damage and team morale that can cause issues.

If your company reputation is damaged you may find it hard to generate new business, or keep your clients if they don’t trust that your business is operating safely. This is especially true in a small business scenario, where many clients may know each other, or your story may feature in the local news.

Your reputation both internally and externally can have a huge effect on your profits. People need to trust your organisation both from within and without in order for you to continue doing good business, and a health and safety system helps solidify that.

Does health and safety software save businesses money?

Reduce Insurance Costs when you have health and safety software

Another important and often overlooked cost-saving of health and safety systems can be lower insurance premiums.

When a business is able to show that they are compliant and have measures in place to reduce incidents, they will often see a drop in their insurance premiums.

Plus, you will also benefit from a lower rate of injuries and incidents on your site, which will help you in lowering your premium. In having less incidents, and dealing with them correctly when they do happen so that perhaps you don’t have to claim as frequently will ensure that your risk is lower.

This often results in cost savings through lower insurance premiums.

Are you looking for an exceptional health and safety software for your business? Discover Beakon Software today.

What role does business software play in digital transformation?

What role does business software play in digital transformation?

Software is not everything to digital transformation, but it is very important. Software updates and more importantly the education and getting people to use the tech is crucial for digital transformation.

Technology and Digital Transformation are definitely linked. But their relationship is subtle and is worth examining. Understanding the true nature of Digital Transformation is essential to knowing what it means for our businesses and organisations. 

Two widely held statements about Digital Transformation and technology:

– Digital Transformation amounts solely to digitising products and services.

– Digital Transformation is driven by technology. So, to transform digitally you must adopt new technology.

These both require further analysis…

Digital Transformation is Digitisation

Digitisation is the systematic transfer of products, processes and services online – ecommerce, document storage in the cloud, app-based administration.

During the digital age, this process is necessary and beneficial for many businesses to survive.  It allows convenient collaboration and more accessible products.

However, in this instance it does not amount to Digital Transformation – it is merely a tool to increase efficiency.

Digital Transformation = Technology Adoption

Adaptation is often paired with competition. Adapt or fall behind. Business leaders strive to tackle that challenge – often through adopting the latest technology. 

Nevertheless, whilst adopting software and technology can certainly help success in the  long term, it is not strictly Digital Transformation.  The primary steps towards digital transformation start within the business itself.

Strategy and culture come first

  • Strategy is the place to start

Strategy sets a direction along which the business travels. Strategic processes define problems, understand the market, the customer and the available resources that are needed to generate advantage over competitors. 

There is no successful strategy without a culture to support the experimentation that comes with strategic decisions – free rein to test ideas and gather data. 

  • Engaging people is the next step

The next change comes with staff and customer engagement. That is, the ability to provide valued services or products. Good customer engagement is a vital stepping stone towards Digital Transformation. This is because, when businesses  engage with our staff and customers, it facilitates implementing innovative software that will accelerate the business forward.

  • Then it’s nailing down your processes

Instilling processes that keep the digital transformation going is the next challenge.  Businesses need to aim at continual cycles of innovation – where internal processes support the strategy and the correct culture sustains competitive advantage.

  • Once those elements are solidified, software comes in

Then comes technology. This is all on the chalkboard until the correct technology is put in place. This is the stage when software can make a HUGE difference to digital transformation, and when adopted and embraced by your people it can change the way that you do businesses forever. 

Technology is a Cog in the Machine of Digital Transformation

The digital revolution, powered by technology, is responsible for the rapid speed of change we are currently experiencing. There are a host of digital tools that perform tasks in different ways – from the internet, to  artificial intelligence, to nanotechnology and robotics.

It’s easy to keep referring to technology as the be all and end all. But viewed correctly, the salient point is that technology provides us with faster, more efficient, more convenient, affordable and accurate processes.

These processes achieve human goals. And it is those goals that need to be kept in the forefront of the business mind. The danger is to get bogged down in an arms race that doesn’t actually help you achieve your business targets. 

Only when a piece of software no longer helps you achieve those targets in the best way, should it be considered obsolete. 

Digital Transformation means creating digital businesses that are agile and innovative in the digital age. The opposite are businesses that are ‘doing digital’. 

So, what is the role of software in Digital Transformation?

Business software, like most technology, provides a solution to a problem. They are  tools, delivery agents, cogs in a machine. . 

The key to successful technology design revolves around a clear definition of a problem followed by an understanding of the context around that problem. Put simply, technology is just one of the change blocks that need to be assessed when undergoing a Digital Transformation.

Software gives us the means to undergo a digital transformation. It’s how we utilise it that will bring the changes we aim for.

5 ways that learning management software protects your business

5 ways that learning management software protects your business

Businesses can be fragile things – they need careful inspection and protection in order to survive. When you employ people, it’s essential that they understand their role and safety responsibilities, otherwise you put your business at serious risk.

Systems like Learning Management Software can be installed to help keep your business running efficiently. Take a look at the top 5 ways that Learning Management Software can protect your business.

Limitless E-Learning 

In the modern climate, E-learning has become very popular. Online training courses bring huge benefits to a company that chooses to implement it. Employees are able to expand their knowledge base by learning from experts across the world. The potential is limitless.

Cost effective

Not only is Learning Management Software a way for employees to gather from an unparalleled bank of information, it is also more cost-effective than investing in in-person training. These kinds of software applications function as virtual classrooms. Employees attend from whatever remote location that best suits their employment situation, meaning that productivity can remain high. 

Upskills employees 

Learning management systems generate virtual learning environments with set modules, resource sharing and time limits. They are environments where learning is carried out efficiently. This is important because it gives employees the chance to take the process of upskilling seriously.

As the system runs each new training module, employees will be able to dive into the E-learning with very little difficulty or wasted time. The result: a much more high-trained, highly-motivated workforce.  

Digital trace

Learning Management Systems make it possible to keep track of all the administration, documentation, reporting and delivery of e-courses. In larger companies, it can often be hard to measure or define employee development. But with management systems, every trainee’s progress is kept readily available and easily illustrated in reports. By using these reporting tools, administrators can monitor how well each individual is doing and tailor their training accordingly. 

Keeping an accurate digital trace of all E-learning is vital when it comes to aspects of training that affect safety, like health and safety training. Management systems are really good tools in maintaining strong compliance practice within a company. Reducing risk of non-compliance should be at the top of all companies’ to-do list. 

Understanding your team’s knowledge

Learning Management Systems are also incredibly useful for getting a holistic view of how much your organisation knows. Learning applications provide a detailed picture of how much each department brushes up on their knowledge and upskills their people. 

This is something that often proves difficult in organizations that operate across various different platforms. Data on how much learning is going on can be lost and therefore it becomes tricky you understand how much your people actually know. However, when training is run across a single Learning Management System, these figures are presented clearly. 

Learning Management Software For Your Business

Businesses suffer from disjointed approaches to E-learning – or training in general. These disjunctions often create internal confusion or even financial instability. However, management software can help tidy up the process and keep businesses protected from inefficiencies. Discover more now!

5 ways to reduce the risk of an incident on your site

5 ways to reduce the risk of an incident on your site

If you manage a construction site, you’ll know that managing risk is a huge part of any project. However, this can be easier said than done when there are plenty of moving parts.

Government research shows that in 2019, 182 Australian workers were fatally injured while working, compared with 144 workers in 2018. Amongst the industries that had the most injuries and fatalities were Transport, Agriculture and – you guessed it – construction.

If you manage a construction site, or look after any aspect of workplace safety for your organisation, it’s always useful to brush up on your incident and risk management skills. To help, we’re running through the top 5 ways to reduce the risk of an incident on your site.

Educate Your People On Incident Risk

Risk increases when employees don’t understand the dangers of their environment, and often the only way to bridge that knowledge gap is by educating them yourself. Realistically, health and safety is one of the last things on the average contract workers mind, but it’s so important. One of the first steps in reducing the risk of an incident on your site is educating your people.

Often an effective learning management system or LMS can be very helpful in keeping track of the modules that people have completed and having a record in one place. Training people on health and safety best practices will help to reduce the risk of an incident on your watch.

Perform Regular Inspections

Having a handle on the level of risk is important, and regular inspections to see how your risk level is holding up is essential. Without constantly checking in and going over the hazards that are present on your site, new risks can crop up and cause issues.

Having a risk register that you can refer back to is very important and helps to remind everyone of incidents that have occured in the past and the potential weak spots where an incident may occur in the future.

Take A Risk Management Approach

On many sites, the policy is just ‘wait until something happens and then enforce safety measures’, however often that’s when incidents occur. Taking a risk management approach may seem boring or over the top, but having this attitude will help you reduce the risk of incidents on your site.

A risk management approach means that you actively seek out the risks and measure the likelihood of an incident occurring so that you can prevent them in the first place. This risk management attitude should have a trickle down effect from the top project managers and stakeholders to the day to day construction workers.

Once You Have Identified Risks, Make A Plan

Once you have identified the risks of an incident on your site, make a plan of attack to ensure that they don’t occur. This safety plan should be well documented and readily available for everyone to access.

A list of preventative measures should be implemented, and you may need to check in with your teams weekly or even daily to make sure that everyone is on top of these risks and doing everything they can to reduce the risk of an incident on your site.

Ensure That Your Tools And Protective Gear Are Up To Scratch

Aside from human error and negligence, one of the main causes of incidents on sites is when there is an error with equipment or protective gear. It is important that your business has an allocated individual to check the safety of tools and protective gear to keep your people safe.

Task Management software can help to ensure that everyone is on top of these tasks and keeps a record of when checks have been carried out.

For more information on how to reduce the risk of an incident on your site, head over to our contact page and get in touch.

 

How To Create A Risk Management Plan For Your Project

How To Create A Risk Management Plan For Your Project

When you’re managing a project, having an effective risk management plan in place is essential. Not only will an effective plan protect your people from unnecessary risk, it will ensure that you remain compliant and are doing your best to keep your workplace safe.

In emergencies, a risk management plan can stop things escalating and getting out of hand, as well as putting your mind at ease prior to an incident occurring. Take a look at how to create a risk management plan for your project in our handy article.

What Risks Could Take Place?

The first stage of any risk management plan is assessing what could actually happen. Once you’re more aware of the risks that are present, you can start to plan and prepare for them. Sometimes this process takes thought, as risks can be quite hidden. However, ensuring that you know what series of events could be putting your business at risk is a sure fire way to minimise them.

To uncover the risks that your business faces, there are some questions you need to ask yourself, and your staff. These are:

  • What might happen in this environment?

The environment is often one of the most common areas of risk. Take into account what your people have to do within the work environment and identify any dangerous areas where risk could be heightened.

  • Who would be at risk?

If something were to happen, who could be at risk and how are they protected at present? Are they aware of the risks that they face at work? Could more be done to educate your people on the risks within the environment? 

  • What would the impact be if the worst case scenario did happen

If something terrible did happen, it’s important to work out what the worst case scenario would be and how you would manage it if it did happen. Impact is an important indicator of how urgently you need to manage that risk.

  • What is the probability of this risk happening?

Within your project, it is good to predict the probability of the risk and whether the likelihood of it happening is imminent. If so, you’ll need to take immediate action, however in most cases the risks are not imminent and therefore you can create a risk management plan to prepare ahead of time.

  • Mitigation: how can you mitigate the risk?

There will be things that you can do to mitigate the risk to your people and your business. You may assess whether you have adequate training, software and staff to manage risks within your business.

  • Contingency: can you reduce the impact?

If you can’t mitigate the risk, you may be able to reduce the impact. There will be a level of risk that you simply can’t avoid, however you should be able to minimise the impact if that risk were to happen.

Discover The Assumed Risks And Exposure

Exposure needs to be considered within the risk management plan – that is, the amount of risk you can’t avoid. This can also be described as threat, liability or severity. 

By figuring out the assumed risk you can work out the costs vs costs savings of implementing certain risk solutions. Assumed Risk is reduced to a dollar value which is then used to calculate the profitability of the end product.

This is often a simple cost vs. benefits formula. You might use these elements to determine if the risk of implementing the change is higher or lower than the risk of not implementing the change.

Create A Risk Management Plan In 10 Steps

Once you have those risks assessed, it’s time to get on top of the risk management plan for your project. Here’s how.

Step One: Define The Project

Define the project, your objectives, and the risks that come with each objective. You should measure your risk in terms of impact and mark the risk and impact in terms of high medium and low.

Step Two: Ask People What Risks They Face

If you’re creating a risk management plan, it’s likely that you’re not on the ground facing the risks day to day. In order to cover all bases, you will need to collaborate with the people who face the risks. Ask people who are familiar with the project what the risks are and how they feel risks could be mitigated.

Step Three: Look At The Consequences

With a risk management plan, the idea is to always plan ahead. What would happen if the risks materialised? Planning this out will ensure that when/if something does happen, you will have a plan in place and be aware of the consequences and the potential spiral effects.

Step Four: Assign Probability Of Risk

Which risks are most likely to come true? For each risk element on your list, determine if the likelihood of it actually materialising is High, Medium or Low. 

Step Five: Assign Impact

In general, assign Impact as High, Medium or Low based on some pre-established guidelines. 

Step Six: Determine Risk For The Element

Often, a table is used for this. If you have used the Low, Medium and High values for Probability and Impact, the top table is most useful. If you have used numeric values, you will need to consider a bit more complex rating system similar to the second table here. It is important to note that there is no universal formula for combining Probability and Impact; that will vary between people and projects. 

Step Seven: Rank The Risks

List all the elements you have identified from the highest risk to the lowest risk and compute a total risk. 

Step Eight: Develop Mitigation Strategies

Develop mitigation strategies that reduce the possibility that a risk will materialise. 

Step Nine: Develop Contingency Plans

Contingency is designed to reduce the impact if a risk does materialise. Again, you will usually only develop contingencies for High and Medium elements. 

Step Ten: Analyse The Effectiveness Of Strategies

How much have you reduced the Probability and Impact? Evaluate your Contingency and Mitigation strategies and reassign Effective Ratings to your risks.

An Effective Risk Management Plan

This is a very simplified version of the process that you might go through to create a risk management plan for your project, however it should help to point you in the right direction.

For more information,  you can take a look at our risk management solutions that help you assess and register risk.

 

Incident Reporting In The Workplace: A Step By Step Guide

Incident Reporting In The Workplace: A Step By Step Guide

So you’ve encountered an incident in the workplace? The initial response is usually one of panic, but an incident reporting system and response plan can help ease that sense of stress. There’s a few things that you are required to do in order to make sure that the incident is reported quickly and accurately, however a surprising amount of businesses get this wrong.

Ultimately, reporting an incident properly can be the difference between making a major legal error and conducting yourself properly. It’s essential that you know how to deal with an incident at work and educate your team to respond properly.

To help you out, we’ve put together a step by step guide to incident reporting to keep you on track the next time something happens on site.

What are the four main types of incidents?

People often think that an incident has to be a big, catastrophic event. This isn’t the case. Incidents can also refer to the events where nothing much happens but they are indicative of a bigger problem that could lead to incidents in the future.

The four main types of incidents are:

  • Near misses
    Situations where people could have been injured, but, luckily nothing came to pass.
  • No harm events
    Operational risks that all staff across an organization should be made aware of.
  • Adverse events
    Adverse events are related to medicines, medical devices, and vaccines.
  • Sentinel events
    Sentinel events are unexpected events that result in any type of harm

1. Take action

As soon as an incident happens, the natural reaction is for people to panic. To quell this response, it can be helpful to have allocated team members who take responsibility for acting in the event of an emergency.

This action might be anything that is necessary to minimise damage – be it calling emergency services, getting medical attention or containing spills or leaks as much as possible. Whatever the incident – it is important that appropriate action is taken straight away.

2. Report the incident

The next step is arguably the most important and ‘official’ of all the steps and ensures that the immediate manager and any authorities are informed about the incident. You need to make sure that it is immediately reported so that people can remain protected from any knock-on damage that might occur. 

An incident report will likely also include reporting the incident to the applicable authorities in order to act in like with statutory requirements. It is essential that the following are reported to authorities by law:

  • Fatalities
  • Injuries that require hospitalisation
  • People exposed to chemicals
  • Major spills or environmental hazard

3. Ensure the incident documentation is safe

Once you’ve reported the incident in the most effective and legal way, the next stage is to make sure that the documents are kept safe.

This is where an incident reporting system comes into play in order to store and manage all documents associated with the incident. All documents should be stored in a secured centralized repository as opposed to the usual paper-based safety statement that many businesses still use.

Paper-based reporting systems can cause administrative issues for medium-sized businesses and make it impossible for businesses to report incidents as they occur. With a paper-based approach, the onus is on employees to complete this work and any lapse could result in significant fines and/or legal wrongdoing.

4. Investigation – assess root causes

After looking at prevention and how to better report incidents and manage them in the short term, it is essential that your business looks at the root causes and carries out investigation.

The idea behind root cause analysis is to identify any underlying issues that might cause further problems in the future.

Once you’ve assessed the root cause, you can then effectively 

5. Develop corrective actions

Incident reporting can be categorised into lagging actions and leading actions. The lagging actions refer to the times when an event happens and the response lags behind, whereas the leading actions ensure that you are one step ahead and are prepared for the next incident when it happens. Corrective actions look at what could have been done better in order to pre-empt and protect against the next incident.

Lagging actions are:

  • Near-misses – events where no actual harm occurred.
  • Accidents resulting in personal injury
  • Equipment or property damage

These are all examples of lagging indicators – you’re looking in the rear-view mirror, reporting what happened and seeing what you can learn from it.

Leading actions are:

  • Safety walkthroughs – you can study the length and frequency of walkthroughs.
  • Training effectiveness and the frequency that training takes place.
  • Management safety meetings and the frequency with which they occur.

Leading indicators are more like looking out of the windshield and seeing what problems could arise. Some organizations view near-misses as leading indicators, although they are events that happened and just didn’t lead to actual harm or injury. 

In the event of an incident, many businesses report in hindsight and then forget all about it. This doesn’t allow the incident to be investigated and worked upon in order to refine a better response.

Looking at the corrective actions that could be taken to better predict and prevent these kinds of incidents occurring is an essential part of an incident reporting process.

What Next?

Incident reporting is the first step in a much longer process. Reporting is usually thought of as what happens after an accident, dangerous condition, injury or near-miss has taken place. However, the real challenges begin once you start looking at why the incident occurred and assess what can be done to prevent these incidents in the future.

To help you with this, an incident reporting system is one of the best ways to stay on top of all workplace incidents and make it easier for your people to report accurately.

5 Benefits of an Enterprise Risk Management Solution

In most cases, companies only think of using an Enterprise Risk Management (ERM) software for managing their organisation’s Health and Safety whenever an audit is coming up and they want a fast way to get on track and ensure they are still compliant with international standards.

However, this shouldn’t be so. Enterprise Risk Management (ERM) simply means measures taken by key stakeholders to make sure the conditions and procedures of operation of an establishment are ultimately and strategically protected to the highest degree possible.

Risk protection tradition has evolved greatly over the years. Taking data-reliant organisations as a case study, various solutions have been proffered to the menace of hacking. Latest solutions involve the use of configured software in ensuring the safety of acquired data.

Benefits of Risk Management Solutions

ERM solutions have redefined the way risks are managed in organisations around the world, bringing along unique benefits. It has noticeable effects in terms of quality and quantity. Let’s check out five unique benefits that come with the usage of ERM solutions.

1. Increase Urgency assigned to Risk Management Culture: most of the times, the majority of staffs within the organisation are aware of the basic risks involved but no serious measure is taken to beef up security. Adopting the ERM solution gets them talking about risks and how they can move further above the awareness level to the mitigation level.

This automatically promotes safety and risk management culture across the organisation. Getting the entire staffs talking does not only provide additional information to top officials pertaining to risk awareness. It also gives them further insight as to tackling them and better decisions are made by the set committee.

2. Access to A Well-Structured Risk Identification Process: risk identification can only be helpful when it comes with all the right information needed to take decisive action.  ERM solutions do beyond identifying risks. It is structured to perform analysis that accesses the level of seriousness of identified risks. This help ERM managers improve their focus on risk mitigation. Additionally, it helps to identify emerging risk factors and other important variables such as level of seriousness, and many more important factors.

ERM solutions also output its reports in a brief, timely and improved format. Making it possible and easy to perform a synergy with other relevant risk data. These data, which may be from external sources are used to obtain an aggregate result for a better decision-making process.

3. Increased Sensitization and In-Depth Outlook on Risk: ERM solutions are incredible guides in ensuring safety in organisational activities. They are quick to point out little changes in an organisation’s activities that have risk inducing potentials.

Beyond modification, acceptance, and avoidance which are the traditional elements of risk management, ERM solutions also help in creating and expanding industry for experts in performing top notch examination of risk practices.

4. Judicious Utilization of Available Resources: manual risk management can be time-consuming. This has been confirmed by organisations yet to adopt ERM solutions. On the other hand, adopting risk management solutions doesn’t totally relieve your organisation of risk management responsibilities. It still requires monitoring and crucial decision making on the part of designated stakeholders.

However, ERM solutions bring about great relief. Time spent in manual risk management is then diverted to other productive sectors of the organisation, thereby reducing redundancy and increasing productivity.

5. Ensure Highly Coordinated Regulation and Compliance Level ERM data are used to identify and monitor set and regulated controls in an organisation. Also, mitigation procedures are monitored to ensure nothing disrupts compliance. There have been several reports of data reliant organisations requesting, testing and using data generated via ERM solutions. This is sole as a result of the high level of coordination and compliance of ERM solutions.

Adopt Our ERM Solutions Today

You can never go wrong by protecting your organisation. Adopt our Enterprise Risk Management (ERM) solutions today and be sure of fewer worries concerning organisational safety. Our ever-dynamic software has been helping businesses and other organisations to manage and improve safety and compliance for over a decade. Our Software possesses awesome functions, coupled with a simple and flexible interface.

You can begin by signing up for a free trial and see how our software can make your organisation a safer one.

 

Related Articles You Might Also Like:

Enterprise Risk Management Tools: What Every Manager Ought to Know

How to Successfully Implement an Enterprise Risk Management System

4 Risk Management Checklists Every Safety Manager Should Know

Risk management is a powerful instrument used for distinguishing and limiting hazards that exist in the working environment. Once recognised, a portion of these hazards can be eliminated. Others can be controlled somewhat while giving you expanded command over risks that post dangers to your employees.

When managed appropriately, this checklist can turn into a rule for your organisation as it achieves compliance; decreases work environment stress and hazards and expand in efficiency and productivity. Contingent upon your industry and type of business, you may need to make changes to these things. With that said, let us start with the checklists.

 

Checklists#1 – Identification of Risks

The initial phase of risk management is to recognise the hazards that should be controlled. This ought to incorporate the circumstances, areas and physical things that could make hurt individuals – whether those individuals are your clients, your specialists or guests.

Common risks that might be uncovered include items in the physical work environment, equipment, chemicals, or other structural issues. Do not limit your search to the questions you can physically see, however. Things like excessive noise, fumes and high or low temperatures can also create unsafe working conditions.

One of the best and simplest ways to recognise hazards is to ask the majority of your employees. They work intimately with hardware and apparatus that you may never contact. They know a lot about their environment, and their info is vital concerning risk management.

 

Checklists#2 – Assessing Identified Risks

When you have identified potential hazards, it is an excellent opportunity to assess every one of them. You will have to decide how serious each risk is and whether you have any current control estimates that could be compelling in limiting or eliminating it.

With this data, you can figure out what move you should make to control the risk. Now you can likewise organise the work in front of you. Which risks request the is most urgent? Which ones can hold up a while?

 

Checklists#3 – Taking Control of the Risks

Keep in mind that the best control measures are those that eliminate risks. If it is not conceivable to dispose of them, limit them to its barest conceivable state. Be imaginative as you look for methods by which to eliminate or reduce risks. Now and again, a single control may not be as viable as a mix of various restrictions that cooperate to limit the risk. As you survey your list, you will see that a few risks are quite easy to control and therefore can be managed immediately. Others may take time with arranging, conceptualising and strategising.

Remember that risk management is anything but a one-time assignment. Employees change, your working environment changes and you get new gear and innovation over the long haul. Along these lines, risk management ought to be a continuous venture. Numerous Australian organisations find that they can keep up successful risk management by booking appraisals all the time to refresh any new risks and assess their advancement.

 

Checklists#4 – Tackling Risk Management

With your endeavours devoured continuously to the management of your business, risk management can appear to be a weight that is more inconvenience than its worth. In all actuality, nonetheless, that lessening your risk will spare you time and cash later on when you don’t need to manage mishaps and mischief to your profitable employees.

If the possibility of risk management feels difficult, get some assistance. Our OHS programming makes risk management considerably less demanding, providing you with thorough risk management checklists, compliance-prepared standard procedures and easy correspondence between colleagues. There is no compelling reason to reinvent the wheel. You can utilise our checklist to deal with your risk, wellbeing and security commitments.

Get a free trial of our software to see the benefits firsthand, and get in touch with us if you have any further inquiries.

4 Big Reasons Why Manufacturing Companies Should Enhance Operational Risk Management

There are distinctive sorts of risks, even though many are intertwined: financial risks, reputational risks, operational risks, store network or outsider risks, consistency/ legal risks, and others. Numerous individuals see operational risks through the perspective of security management: improving specialist and process wellbeing prompts more gainful tasks while the alleviation of operational risks – made by inappropriately maintained (or malfunctioning) gear or by the nearness of work environment dangers – diminishes injuries and ailments.

For manufacturers, it is essential to see the link amongst security and operational risk management. In any case, the method of reasoning for improving operational risk management goes past well-being. There are a few compelling motivations to enhance operational risk management. We share four of the essential ones in this post, which are supported by Aberdeen survey results.

1) Accomplish Financial Objectives

Numerous manufacturers see the connection between mitigating operational risks and improving profitability. In any case, Best-in-Class associations have the foreknowledge to go above and beyond and furthermore observe the link with financial execution. According to an Aberdeen overview, 52% of respondents said they have to decrease the effect of operational risks on business objectives. Furthermore, 42% of Best-in-Class organisations adjust operational information to financial information to comprehend the economic impact of unfavourable occasions.

2) Increase and Enhance Coordinated effort

The fruitful accomplishment of financial objectives speaks to a hard, quantifiable advantage. Implementing an operational risk management framework likewise brings its advantages, for example, increased participation and coordinated effort. According to a similar Aberdeen review, 47% of respondents recognise viable cooperation crosswise over practical divisions as a necessity to execute an operational risk management system, which prompts the joint management of risks. The execution of a functional risk management system gives the incentive and impetus to associations to likewise enhance cross-utilitarian joint effort.

3) Institutionalize Risk Appraisal

Best-in-Class manufacturing associations comprehend that the fruitful moderation of operational risks improves the probability that corporate targets will be met. To effectively relieve operational risks, similar strategies, techniques, and risk evaluation approach must be connected to the organisation. By improving operational risk management, the Best-in-Class accomplish more noteworthy institutionalisation in risk appraisals and somewhere else. 54% of Best-in-Class manufacturers have traditional risk evaluation forms over the undertaking. That figure is 36% for every other producer, meaning the Best-in-Class are 50% more inclined to institutionalise risk evaluation forms.

4) Manufacture a Culture of Risk Mindfulness

In the Aberdeen overview, 41% of manufacturers said they have to construct a risk mindfulness culture all through the association. By improving operational risk management, organisations establish the following frameworks that prompt risk mindfulness:

  1. Increased and enhanced the joint effort
  2. The institutionalisation of risk evaluations

Through a culture of risk mindfulness, manufacturers set up more prominence into operational risks and control measures, and integrate a risk mindset in day-to-day assignments, in this way additionally reducing operational risks and their effects on corporate and financial goals.

Beakon software can enable you to have a bird’s eye view of your entire safety management program. Take advantage of a free trial today and start enjoying the benefits of using software to fast track your incident reporting, injury management, issuing permits to work et al.