Contingency planning is preparing an organisationals resources for times of major crisis.
Crisis management is how the business handles itself and deals with sudden emergency events.
Continuity planning is preparing the business' resources to continue operations after a major crisis.
Benefits of contingency planning:
Reassures employees, customers, and local authorities that their safety takes priority.
Minimises negative impact on customers and supplies.
Public relations are less likely to suffer.
Limitations of contingency planning:
Costly and time-consuming.
Needs to be constantly updated as the number and range of potential disasters can increase over time.
Avoiding disasters is still better for planning if they occur.
Stages of contingency planning:
Identify potential disasters
Assess the likelihood of them occurring
Minimise the impact of the potential disaster
Plan and prepare for continued operations
HRM strategy is the long-term plan for the management of a businesses human resources.
Hard HRM is an approach to HRM management that sees employees as mere resources of the business and less as people.
Soft HRM is an approach to management that sees employees as assets to the business and aims to motivate them to achieve the best possible performance through training and development.
