How can you empower employees without increasing your operational risk?
Empowering your employees is a key factor in nurturing a productive and innovative workplace. However, it's crucial to balance this empowerment with the need to maintain low operational risk. Operational risk refers to the potential for loss due to inadequate or failed internal processes, people, systems, or external events. As you seek to give your team more autonomy and decision-making power, remember that safeguarding your business's operations is equally important. By striking the right balance, you can foster an environment where employees feel valued and invested in the company's success without compromising on safety and efficiency.