Risk-Based Approach

Definition - What does Risk-Based Approach mean?

A risk-based approach, within the context of workplace safety, relates to preventative measures adopted by employers to protect the health and well-being of employees from environmental hazards. Companies face a huge responsibility to ensure the safety of their employees, therefore, a risk-based approach serves to preclude or minimize the occurrence of catastrophic accidents and/or fatalities.

WorkplaceTesting explains Risk-Based Approach

A risk-based approach is a strategic policy designed to reduce work-related injuries, fatalities, or disasters on a mass scale from ever transpiring within the workplace. When companies experience accidents among their personnel, accounting for serious bodily and/or psychological injuries and even high mortality, which raises significant liability issues. A risk-based approach studies the possible dangers of a workplace and seeks to minimize those dangers through company policy and modifying employee behavior. One strategy for modifying employee behavior would be to educate employees and then test employee knowledge about current safety measures. Companies may also introduce work procedure modifications to reduce risk.

This definition was written in the context of workplace safety
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