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Introduction to the Human Resource Risk Pillar of Your Farm Business

This is an introduction video for the Human Resource pillar in the “5 Pillars of Risk Management” series. Of all the risks that are associated with the farm business, human resource risk is the most important. Studies have shown that at least 80% of businesses do not transfer because of a communication or conflict issues, therefore it’s essential for you to ensure you understand the human resource risks on your farm operation.

Though large corporations have human resource departments and realize that this is a much needed component of their business, farmers often go at it alone without any human resource background at all. From employee reviews to how to navigate your way through the growth of your farm business, having a human resource plan in place can be a very valuable asset.

Watch Reg Shandro explain what a human resource risk is and what you can do to minimize it on your farm operation.

This workshop was funded in part by the Agriculture & Food Council of Alberta

5 Human Resource Components Putting Your Farm at Risk

This video accompanies the “Introduction to Human Resource Riskvideo for the human resource pillar in the “5 Pillars of Risk Management” series. Watch Reg Shandro explain the sources of human resource risk and what you can do to minimize them on your farm operation.
5 Sources of Human Resource Risk on Your Farm Operation

Communication: The lack of effective communication in your farm business is a huge hurdle to formalize. If you don’t communicate properly, your perspectives aren’t going to be shared.

2. Conflict management: This is a sensitive point for farm families, but if you don’t seek out the necessary professionals or tools required to minimize conflict, you’re going to have a major issue.

3. Time management: Studies show that if you work more than 3000 hours a year, eventually something will crack. Make sure you are managing your time on, and off of farm, properly!

4. Take time off for holidays: each family member should take 2 weeks of per year!

5. A formal human resources plan: You need to have a formal HR plan that is implemented and reviewed. The reason for this is it makes goal setting a lot easier, and stats show that if you have goals written down you will make 9 times the wealth, compared with people who don’t.

For further notes, please refer to the following resources:

1. Effective Communication: barriers and strategies

2. Conflict Resolution Skills

3. Time Management by Penn State University

4. How to Manage Your Time Effectively by Kent University

5. 6 Rules to work less and get more accomplished

6. Personal Goal Setting: Planning to Live Life Your Way

7. How to Set Goals for Your Company and Improve the Bottom Line
This workshop was funded in part by the Agriculture & Food Council of Alberta

 

 

Managing Your Human Resource Risk

When you’re in a farm operation there are a number of different risks and in order to be successful as a farmer you need to understand:

1. What the risks are;

2. The potential for problems with the risks;

3. How to alleviate the risks to an acceptable leve

To understand the whole picture you need to educate yourself and then consult professionals to help you out.

‘Human Resources Risk’ is one of the ‘5 Pillars of Risk Management’, as explained by expert Reg Shandro.  In farm families the complexities of managing human resources can be risky business!

For further resources, please read the information below or in the “download” section on the right of your screen:

Conflict Resolution Skills
This workshop was funded in part by the Agriculture & Food Council of Alberta