The risks that you know you do not know. 

The workplace is a place where surprises are not welcomed.  

Surprises that impact employees and the business are the ones you need to know about – before they appear. Such surprises can present risks that prove costly. Currently, a “risk barometer” in Australia – Workers Compensation, is costing more than $1 Billion (AUD) each week. One of the first steps to avoid and prevent these surprises is to understand all the risks that are in your workplace. 

But how is this best done?  

Optimum has developed the world best risk mitigation platform that will allow businesses to identify, monitor and reduce the financial exposure that risks present to any business. It is all about reducing the uncertainty of guessing what may be happening in your business. Let’s work with certainties. Take the guess work out of where to spend your money. Reduce your exposure. Mitigate risks in your business,  

Concerningly, there is no way of guessing what the invisible or surprise risks are in your business. However, we can build an approach based on what we know about aspects of your business and your employees. Data needs to be collected. Risks need to be measured. Analysis needs completion. The best pathway for action can then be implemented.  

The timeline to track risks also needs to be longer term rather than a one-off event. There needs to be a culture that collects data from induction to exit interview. The changing patterns of risks across a working life, different age groups, locations, roles and genders can then be tabulated. This offers the best chance to reduce the surprises, save money and lives. 

It is tough to act on anything in the workplace without the evidence. Businesses cannot do it all alone and simply hope you get lucky in spotting the risks you know you do not know. 

Partnering with Optimum will give you the best possible outcome to solve the mystery.  

The power of moving from the known to the unknown should not be underestimated. Knowing what you do know about risks then becomes the cornerstone to build a much broader risk profile and drives your organisation to identify all risks…eliminating the surprises.  

Sticking with the status quo approach presents too greater risk to employees, businesses and communities.  

If you would appreciate some help in identifying these hidden risks, then contact Optimum at admin@optimumhms.com.au.