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Risk Management and Human Resources Management Strategies in Facing the COVID-19 Pandemic
Abstract
The emerging spread of the COVID-19 pandemic has impacted business organizations in various ways. Considering risk management, HRM should re-strategize in recognizing, assessing, and mitigating those risks. Further, the importance of HRM's role and strategies in maintaining, increasing productivity, and improving the quality of work life by emphasizing risk management can no longer be disputed. As a key player in organizations, especially during the COVID-19 pandemic, HRM shall incorporate new technologies and ICT in redesigning work systems, scheduling, staffing, and training, as well as reskilling the employees. In order to ensure a company does not lag behind in business, business organizations should be sensitive and quick in taking steps in handling the current challenges of the COVID-19 pandemic. Specifically, the authors highlighted three types of risks that have taken place in organizations, namely managing workplace diversity, staffing, and training; and toward the end of the chapter, the authors propose strategies for HRM to manage those identified risks.
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