Risk Evaluation and Categorisation

Posted by SkillMaker in Oct, 2014

What is Risk evaluation and categorization?

Risk evaluation and categorization is the evaluation of a potential risk that a job, or a person, may pose to themselves, or to the company they work for, or to society as a whole. Employers often evaluate an employee during their initial interview to determine what risk, or benefit, they may have to offer the company.

What is Risk evaluation & categorization like?

Risk evaluation and categorization is like a parent weighing the odds that their child will engage in some behavior, and placing a numerical value on the odds. Such as: a child that is prone to temper tantrums when they are tired are 4 times more likely to throw a fit after they have been playing a game of ball as they are to throw a fit after they have been reading a book. The parent can weigh the odds that the child will throw a fit based on the evaluation and thus change their approach to a given situation accordingly.

What is the purpose of Risk evaluation and categorization?

The purpose of risk evaluation and organization is to establish the amount of risk any given employee is to the company, to themselves, and to their coworkers. The same risk evaluations can be applied to equipment with a high level of accuracy on determining the likelihood of the machine malfunctioning during a process.

What is the principal structure of Risk evaluation and categorization?

The principle structure of risk evaluation and categorization are:
To determine the common characteristics of a person who would be a risk to a company.
To create a series of questions that will help to determine if a person is a higher risk or not
To educate a member of management in how to properly ask these questions so that they illicit truthful responses from an employee, or potential employee
To evaluate the answers to determine the amount of risk by assigning a number of 1 – 10 to the answers. 1 is the lowest amount of risk and 10 would indicate a high level of risk. In order to evaluate the employee each answer, to each question, would have to be reviewed, assigned a numerical number, and then the numbers would have to be added up to determine the possible risk the person poses

What are the different types of Risk evaluation and categorization?

The different types of risk evaluation and categorization include:
Mental health evaluations
Physical strength evaluations
Agility evaluations
Endurance evaluations
Performing assessments and classifying the dangers

What terms are used when conducting Risk evaluation and categorization?

Some of the common terms associated with risk evaluation and categorization are:

Catastrophic – means that the condition is critical or urgent, and the risk is very high
Critical – means that the risk is high but it might be controlled with the right approach
Marginal – means that there is some risk but it is not a serious threat
Negligible – means the amount of risk will not likely make a significant impact on the outcome
Frequent – means that something is highly likely to occur often or always
Likely – means that something will probably occur several times
Occasional – means that something may happen but it will be sporadic
Seldom – means there is a chance that something will occur but it will rarely actually happen
Unlikely – means that there is almost no possible chance that something will occur
Extremely high risk – is often a category used in evaluations and it means that the probability of something happening is almost guaranteed or 100%
High risk – means that the probability of something is almost 80% or greater
Moderate risk – means the probability of something happening is 50% or less
Low risk – means that there is a 25%, or less, risk of something occurring
Evaluation – means to ask questions in order to try and determine the probability that a person poses any potential risk to the company, themselves, or other workers
Risk factors – are the things that are considered to determine what risk a person poses. Such as; a person being evaluated to see if they will be likely to miss a lot of work due to illness will be assessed according to; their weight, their height, their age, their gender, if they smoke, family medical history, their activity level, whether they are married, whether they have children, their economic standing