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HR in an IT startup - Is it mandatory to have a Risk management policy and why is it required? - CiteHR

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SavitaKGupta
Hi, I am working as an HR in an IT startup with less than 50 employees. Kindly help me with the Risk management policy. Is it mandatory to have a Risk management policy and why is it required? Thank you.
From India, Bengaluru
shobhit-kumar-mittal
50

Savita, Please elaborate what do you mean by "Risk Management Policy ".
From India, Faridabad
SavitaKGupta
Hi Shobit,
Mangement has asked me to prepare Risk Management policy. We work for Fintech domain and we do web development and designing. I don't have clear picture what has to be included in the policy. And is it compulsory to have a risk management policy.

From India, Bengaluru
bijay_majumdar
357

Any business involves risk in its operation and maintenance.
The risks in your type of business calls for indepth analysis of all activities and infrstructure whic may pose a risk and have hazards that can impact on overall business including the life of people working.
You must prepare a list of all such threat perceptions and then work on how these risks can be minimised and mitigated.

From India, Vadodara
SavitaKGupta
Thank you Bijay, I will first list down the possible threats and then work upon that.
From India, Bengaluru
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