Know Your Risk

If you're in business, you already know about risk. Almost every business decision you make carries a risk. If the decision relates to something you know well, you can do your own risk-benefit analysis to inform your decision and carry out risk management.

But what if you don't know your risk? How does that impact on your business?

It depends on the management culture of your business.  

Is your business paralysed by the fear of getting something wrong?  Poor performance, bad behaviour, overelaborate organisation structures and clunky ways of working go unaddressed because you fear adverse consequences. The result of this means that your business is unlikely to reach its true potential.  

Or do you act decisively to move your business forward, concentrating less on the possible consequences of those decisions?  Time and again those decisions may go unchallenged but every so often, a costly mistake could be made.

Both approaches can benefit from fully understanding the risk profile of the decisions made concerning staff. We make this an integral part of our service to you. We will never tell you that you categorically cannot do something. Instead we will assess the commercial risk of your preferred course of action, give you the best and worst case scenarios, and draw on our extensive employment law experience to offer you alternatives. It is you who decides, based on our advice, whether to go ahead or to rework your strategy.

Can you afford not to understand your risk?

If you are in Northampton or the surrounding area and would like to benefit from our expert employment law advice, contact us using the form on the right or call 01604 763494. You can also find a list of other employment law services we offer on our employment law page.