What is risk management?
Risk management is a proactive process which can be used for managing safety and health risks in the workplace. Although it is the responsibility of leadership to manage risks, developing and maintaining psychologically healthy and safe workplaces relies on everyone participating in the risk management process.
Adopting a risk management approach helps organisations to:
- prevent and reduce the number and severity of injuries and illnesses from exposure to psychosocial hazards and risk factors
- promote worker health and wellbeing
- identify and take opportunities for continuous improvement and innovation in their safety and health management systems.
To manage risks for mentally healthy workplaces, organisations need to:
- Identify the psychosocial hazards and risk factors
- Assess the associated risks
- Control the risks by making the changes necessary to eliminate the hazards or risk factors or, as far as practicable, minimise the risk of harm
- Monitor and review the effectiveness of the controls.
Psychologically safe and healthy workplaces: Risk management approach toolkit - Department of Mines, Industry Regulation and Safety
How to tackle work-related stress: A guide for employers on making the management standards work - Health and Safety Executive United Kingdom
Mentally healthy workplaces audit - technical guide and audit tool template - Department of Mines, Industry Regulation and Safety