EFFECTIVE STRATEGIES FOR HUMAN RESOURCE RISK MANAGEMENT IN NIGERIA

Princess Kelechi Oghene

Princess Kelechi Oghene

Keywords: Strategies, Human Resource Risk Management, Nigeria

Abstract

This study examined the challenges and strategies of managing human resource risks in Nigeria. It identified key types of HR risks including financial constraints, corruption, poor infrastructure, and weak enforcement of labour laws. The research explored how these factors hinder effective HR risk management in Nigerian organizations. Institutional challenges such as lack of government support and unclear policies were also discussed. Internal organizational problems like a shortage of skilled HR staff and management resistance were examined. The study reviewed possible solutions like advocating for HR budgets, partnering with training groups, and conducting HR audits. The discussion showed that many Nigerian companies struggle due to lack of funding and poor policy implementation. The research highlighted the importance of innovation and strategy to overcome these barriers. Proactive HR risk management was shown to be essential for protecting workers and improving business outcomes. Recommendations included urging organisations to invest in HR risk management tools and encourage cooperation between HR and legal departments. The need for national policy reviews and continuous training for HR professionals was also stressed. Thus, the study contributed to understanding how Nigerian organisations can better handle HR risks through clear strategies and support. This will help improve employee safety and organizational performance.

Author Biography

Princess Kelechi Oghene

This study examined the challenges and strategies of managing human resource risks in Nigeria. It identified key types of HR risks including financial constraints, corruption, poor infrastructure, and weak enforcement of labour laws. The research explored how these factors hinder effective HR risk management in Nigerian organizations. Institutional challenges such as lack of government support and unclear policies were also discussed. Internal organizational problems like a shortage of skilled HR staff and management resistance were examined. The study reviewed possible solutions like advocating for HR budgets, partnering with training groups, and conducting HR audits. The discussion showed that many Nigerian companies struggle due to lack of funding and poor policy implementation. The research highlighted the importance of innovation and strategy to overcome these barriers. Proactive HR risk management was shown to be essential for protecting workers and improving business outcomes. Recommendations included urging organisations to invest in HR risk management tools and encourage cooperation between HR and legal departments. The need for national policy reviews and continuous training for HR professionals was also stressed. Thus, the study contributed to understanding how Nigerian organisations can better handle HR risks through clear strategies and support. This will help improve employee safety and organizational performance.