Today, the world of commerce moves at an ever-accelerating pace.
Every day new layers and levels of compliance to laws, rules and regulations hit business: the red tape seems endless, some days.
Good Risk Management analyses such contingencies, which may hit a business: and takes the proper steps to minimise their effect.
It’s a fact that many smaller businesses, for example, have never bothered to ensure all employees enjoy a good contract of employment. It is of course a legal requirement: however, since the penalties are small, it is not seen as too much of a problem.
Unfortunately, all employers suffer at some time or another from Rogue Employee Syndrome: there’s always one, lurking in the background.
And it is when the relationship ends in tears, that the employer realises how open they are to attack: simply because they failed to generate good contracts of employment.
And that is only just one example.
MCFA can assist by carrying out a simple Risk Management Assessment and therefore advise what steps to take to minimise the fall out from identified risks.