RISK MANAGEMENT IN THE HUMAN RESOURCES DEPARTMENT OF A ROMANIAN ELECTRICITY COMPANY

The present paper presents the risk management process conducted in the biggest Romanian electricity company, Enel Distribution Muntenia S.A. Following a thorough analysis, eleven main risks were identified in the Human Resources (HR) Management Department. For the evaluation of the identified risks, the risk index method was employed, and the experts from the HR department of the company assessed their probability and impact. The evaluated risks were then plotted on the risk matrix in order to determine their generic mitigating strategies. The findings show that most of the risks that the company is facing have both a low probability and low impact, making them tolerable for the company. Still, there are some risks that are critical, asking for urgent and efficient mitigation methods. In addition to the generic risk mitigation strategies, the paper advanced specific mitigation solutions for each assessed risk. (C) 2017 Published by Future Academy www. FutureAcademy.org.UK