Deficient employment practices

Below are the details of the operational risks covered within this selected sub-risk category:

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Wrongful termination of employment

Risk Description: -

Wrongful termination of employment may lead to breach of one or more employment related laws. Examples of wrongful termination may include: -



Mass strike by employees

Risk Description: -

Employees may go on a mass strike resulting in disruption to operational processes. Examples of mass strike include: -



Harassment of employees by their managers or colleagues

Risk Description: -

Employees may be target of harassment by their managers or colleagues. Harassment may be physical (e.g. sexual harassment, violence) or mental (e.g. bullying). Examples of such harassment may also include:-



Discrimination of employees by their managers or colleagues

Risk Description: -

Employees may be target of discrimination by their managers or colleagues. Discrimination may be based on following factors: -



Improper disclosures or business practices during hiring of employees

Risk Description: -

Employees involved in hiring process may make improper disclosures or adopt improper business practices during the hiring process. Examples of such disclosures and practices may include: -



Inappropriate usage of information related to employees

Risk Description: -

Information related to employees may be inappropriately used without informing the employees or gaining their permission. Examples of such inappropriate use include: -



Structure or timing of compensation or rewards breaching legal or regulatory requirements

Risk Description: -

The structure or timing of compensation or rewards offered to employees may breach legal or regulatory requirements. Examples of such breaches may include: -



Delay in the recruitment of employees for positions considered key by regulators

Risk Description: -

Delay in the recruitment of employees for positions considered key by regulators may result in warning or action by regulators. Examples of such positions include: -



Employment agreements with other firms leading to antitrust warnings or actions

Risk Description: -

Employment agreements with other firms may result in antitrust warnings or actions. Examples of such agreements may include: -



Hiring employees who do not have legal rights to work in the country where they are hired or who are banned by regulators

Risk Description: -

Hiring employees who do not have legal rights to work in the country where they are hired, or who are banned by regulators - may result in breach of legal or regulatory obligations. Examples of such hiring include: -



Changes to employee job roles, where such changes may be considered unfair by employees or regulators.

Risk Description: -

Changes to job roles of an employee, where such changes may be considered unfair by employees or regulators. Examples of such changes may include:-