EFFECTIVE STRATEGIES FOR HUMAN RESOURCE RISK MANAGEMENT IN 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.