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Risk Management and Human Resources Management Strategies in Facing the COVID-19 Pandemic

Risk Management and Human Resources Management Strategies in Facing the COVID-19 Pandemic

Abdul Halim Abdul Majid, Abdul Halim Ayob
Copyright: © 2022 |Pages: 22
ISBN13: 9781799884514|ISBN10: 1799884511|ISBN13 Softcover: 9781799884521|EISBN13: 9781799884538
DOI: 10.4018/978-1-7998-8451-4.ch008
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MLA

Majid, Abdul Halim Abdul, and Abdul Halim Ayob. "Risk Management and Human Resources Management Strategies in Facing the COVID-19 Pandemic." Navigating the New Normal of Business With Enhanced Human Resource Management Strategies, edited by Perfecto Gatbonton Aquino Jr. and Revenio Cabanilla Jalagat Jr., IGI Global, 2022, pp. 169-190. https://doi.org/10.4018/978-1-7998-8451-4.ch008

APA

Majid, A. H. & Ayob, A. H. (2022). Risk Management and Human Resources Management Strategies in Facing the COVID-19 Pandemic. In P. Aquino Jr. & R. Jalagat Jr. (Eds.), Navigating the New Normal of Business With Enhanced Human Resource Management Strategies (pp. 169-190). IGI Global. https://doi.org/10.4018/978-1-7998-8451-4.ch008

Chicago

Majid, Abdul Halim Abdul, and Abdul Halim Ayob. "Risk Management and Human Resources Management Strategies in Facing the COVID-19 Pandemic." In Navigating the New Normal of Business With Enhanced Human Resource Management Strategies, edited by Perfecto Gatbonton Aquino Jr. and Revenio Cabanilla Jalagat Jr., 169-190. Hershey, PA: IGI Global, 2022. https://doi.org/10.4018/978-1-7998-8451-4.ch008

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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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