Benefits of Using a Risk Assessment at Work

In Short

• Risk assessments help identify hazards and assess risks to improve workplace safety.

• Effective risk management eliminates or minimises risks to protect employees.

• Regular reviews ensure that control measures remain relevant and effective.

Tips for Businesses
To maintain a safe work environment, regularly conduct risk assessments to identify potential hazards. Prioritise addressing the most severe risks and implement control measures, such as personal protective equipment or work redesign. Review these measures periodically to ensure they are working and remain relevant, especially as workplace conditions change.

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Table of Contents

• What is a Risk Assessment?
• Hazard Identification
• Risk Analysis
• Risk Management
• Key Takeaways 
• Frequently Asked Questions

As an employer, it is your responsibility to eliminate or minimise risks to health and safety in the workplace so far as is reasonably practicable. Doing so will help avoid injuries incurring in the workplace and enable you to fulfil your obligations under workplace health and safety laws. To ensure that the safety of your employees remains paramount, a risk assessment can help you:

• identify potential hazards;
• assess the severity of the risk; and
• implement control measures to eliminate or minimise risks as is reasonably practicable. 

Ultimately, by using and reviewing your risk assessments in the workplace, you can promote a safe and healthy work environment.

What is a Risk Assessment?

A risk assessment provides you with a thorough analysis of potential hazards in your workplace that could harm other people. It is a systematic process of evaluating potential risks that might be involved in workplace activities. In this sense, you can use risk assessments in many circumstances, from introducing new equipment in operations processes to protecting workers from psychological hazards such as work-related stress or fatigue. 

Generally, the risk assessment process will involve:

• identifying hazards that have the potential to cause harm;
• analysing and evaluating the severity of the risk associated with the hazard; and
• determining appropriate methods and procedures to eliminate the risk or control it where you cannot eliminate it.

The following sections outline the key benefits of implementing and using a risk assessment.

Hazard Identification

One of the main benefits of risk assessments is that they generate awareness of existing and potential hazards. When you identify risks in the workplace, you should look at all aspects of the work, including non-routine activities such as repairs. 

You should also consider:

• existing control measures to determine whether they are adequate to eliminate or minimise risks;
• previous incident reports;
• foreseeable and unforeseeable changes in work conditions; and
• how work is organised amongst your workers.

Additionally, you should consider the groups of workers that may have a different level of risk. You can base these assessments on your employees’:

• age;
• experience or specialised skills; and
• physical and mental capabilities.

When you consider that your employees have different risk levels, it ensures that you identify who may be at risk in the workplace. However, of course, it is wise to consult your employees during the risk identification stage. This way, you can both generate awareness of risks in the workplace and ensure that no hazard goes amiss.

Risk Analysis

Once you have undergone hazard identification, you should then assess the severity of the risk. This means that you must assess how these hazards might cause potential injuries in different circumstances. 

When determining the severity of a hazard, you should consider:

• both normal and abnormal operational situations, i.e. shutdowns;
• all health and safety information relevant to your business; and
• understand minimum legal requirements for workplace health and safety relevant to your business.

Often risk assessments will prioritise hazards by ranking them. So, your risk assessment can rank risks from low to the most serious. This way, you can prioritise which hazards to address immediately. 

Additionally, you might consider the following rankings:

• severity ranking: this categorises risk based on injuries ranging from low-risk (i.e. short-term pain, dizziness) to high-risk (i.e. major fractures, serious head injuries); and
• probability ranking: this categorises risk based on the probability of the hazard occurring, ranging from low probability (i.e. would only occur once) to high probability (likely to be experienced multiple times).

Ultimately, you should exercise a realistic judgement when analysing the severity of risks. After all, underestimating a potential hazard can have serious implications for your employees’ safety.

Risk Management

Once you have identified the severity of your workplace risks, you should take steps to either:

• completely eliminate risks; or
• reduce the likelihood of the risk occurring where elimination is not possible.

What procedures you implement to respond to a risk will largely depend on:

• the type of risk you are dealing with; 
• your workplace environment; and 
• available resources. 

In addition to implementing risk management processes, you should review the effectiveness of the control measures. If you fail to do this, you could be pouring resources into a risk management policy that does not actually reduce or eliminate risk. In any event, the review process should be ongoing and revisable to adapt to changes in the work environment.

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Key Takeaways 

A risk assessment can help you identify potential hazards in the workplace. Likewise, you can better assess the severity of risk that these hazards pose to your workers. A thorough risk assessment also helps to implement a risk management strategy to eliminate or minimise the likelihood of risks harming your workers. 

If you need help drafting a risk assessment for your workplace, our experienced employment lawyers can assist as part of our LegalVision membership. For a low monthly fee, you will have unlimited access to lawyers to answer your questions and draft and review your documents. Call us today on 1300 544 755 or visit our membership page.

Frequently Asked Questions