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Management of risks

The table below comprises the three areas under which we identify, assess and manage risk.  Examples of issues dealt with under each heading are provided:               

Risk

Identification

Assessment

Management

Competence risk

 

Risk of poor performance of contractors

 

 

 

 

 

 

 

 

 

Risk of poor performance of Account Managers

 

 

Feedback loop starting at early stage of appointment

 

 

 

 

 

 

 

 

Regular feedback loop starting at early stage of appointment

 

 

Hard and soft performance criteria analysis

 

 

 

 

 

 

 

 

Analysis of performance against KPI's covering candidate availability, delivery, performance and

 

 

Pooling and retained replacements that may be sent at 1 day notice.

 

Removal of contractors from retained pool for negative feedback

 

Full indemnity insurance.

 

 

Weekly reporting to head of recruitment team and MD. Monthly client meetings for 1st 6 months of contract and quarterly thereafter

Operational risk

 

Inefficient work flow management putting supply to contracts at risk.

 

 

Work flow management reports analysed daily.

 

Contractor availability monitored daily

 

 

Managers obliged to report to MD on variances in work flow KPI's.

 

Availability statistics evaluated against demand flow by MD.

 

 

 

MD signs off resolution plan of each manager with unacceptable variance.

 

Investment made in to retained contractors in case of over demand.

Business risks

 

Risk of financial health of the business and cash flow planning impacting provision of temporary staff.

 

 

FD is ex Top 10 accountancy experienced who continually assesses financial health.

 

 

FD manages works with finance managers to maintain cash flow projection model to assess funds in businesses and funding requirements.

 

 

FD arranges financing if cash flow projections and immediate contract awards necessitate.

Our accreditations:

REC Reg No - 2009/541
ISO Accreditation
Certificate Number 119601
ISO 9001:2008 


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