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Why Manage Risks?

Not effectively managing your human capital risks?

Impact on your business:
  • Lost productivity
  • Lost revenue opportunities
  • Loss of intellectual property
Financial Pay-Outs:
  • Severance payments
  • Fines, premiums
  • Replacement costs for new recruits
  • Defense costs if involved in legal dispute
  • Potential for property damage
  • Loss of investment in training and development for lost employee
External Customers:
  • Customer dissatisfaction
  • Negative publicity, damage to reputation
Internal Staff:
  • Decreased morale
  • Frustrated or distracted workers
  • Exaggerated sense of entitlement from staff
Legal Liability:
  • Wrongful dismissal lawsuits
  • Discrimination or harassment allegations
  • Human Rights claims
Government Involvement:
  • Potential for Ministry of Labour (MOL) visits
  • Human Rights claims
  • WSIB claims
Productive time:
  • Management time spent reacting to crises
  • Time required to manage low performers and other distractions

Are you experiencing some of these consequences? Contact Clear Path today to see how we can help you manage these risks!