Introduction
A risk based initiative refers to a strategic approach that is aimed at improving informed decision making within an organization. The risk based initiative adds value to situations where there is a possibility of catastrophic situation (Zio & Pedroni, 2012). In the aviation industry, the human resources plays a significant role towards safety and the federal aviation administration has a responsibility of ensuring aviation safety through the attraction, recruitment, and retention of talented employees. The aviation employees are central to aviation safety by making decisions based on the set strategy and safety principles. The process of attracting, recruiting and training new members of staff in the aviation management organization can have catastrophic consequences if the decisions are not in alignment with the set safety requirements. However, the ability to recruit and train new employees as well as provide them with opportunities to practice their skills in actual aviation safety roles enables FAA to have employees of the future which ensures sustainability of talented employees. This paper will create a business plan for FAA human resources to initiate a strategic initiative aimed at promoting safety by creating a workforce of the future which is an approach of making informed decision making in the organization.
Overview of Risk-Based Decision-Making at FAA AHR
Risk based decision making in FAA is an initiative by the management that encourage data sharing and collaborative initiatives especially in setting standards which aim at improving safety. Risk based initiative is performance based and require oversight to ensure that the decisions made promotes long-term safety (Zio & Pedroni, 2012). Besides, oversight in a risk based initiative ensures that the management can create corrective measures to avert any catastrophic outcomes. The risk based decision making initiative ensure smarter but risk based initiatives that can improve safety within aviation industry (Myskova & Doupalova, 2015). Preparing employees for the hard tasks that involves life and death to many air travelers is a good approach for future safety sustainability in FAA AHR.
Decision Needed
Creation of Workforce of the Future
FAA needs to make a decision on the approach that can be used to identify, recruit, and train the workforce to equip them with leadership, functional and technical skills that can be used to promote safety and productivity of the employees.
Proposed Options
The initiative will involve leadership development through training and giving new recruit an opportunity to learn through actual involvement in the organization activities. Participation of the new recruits in the organization activities is a good measure to increase safety in the future by ensuring internal learning and exchange of knowledge between the existing experienced employees and the new recruits. Besides, the organization will create leadership development programs and also offer leadership training to FAA AHR managers to equip them with skills necessary for future managerial roles. FAA AHR will use total rewards to attract and retain talented employees to ensure that the organization has the workforce with skills and competency instead of losing them to other aviation organizations. FAA AHR seeks to create leadership development programs for the current and potential managers which involves increasing the organization emphasis on the FAA strategic leadership capabilities in its managerial ranks. Therefore, FAA will create leadership development opportunities. This will be complemented by the organization initiative to attract talented employees through corporate on-boarding and the internship program which are opportunities to attract and identify talents who can be of instrumental value in the organization future safety goals. Besides, the organization will create an elaborate plan to develop skills within its managerial roles while promoting collaboration in the workplace to ensure internal learning opportunities for the new recruits. The AHR plan will efficiently promote FAA preparedness in the organization future mission and responsibilities.
Appropriate Assessment and Validation
The assessment of the risk based decision to improve safety in FAA refer to involving the stakeholders and carrying out an independent review to validate the possible options available for FAA AHR to increased aviation safety by creating a workforce of the future. Carrying out an independent review is a good approach to validate the strategic plan by FAA AHR to promote sustainable safety through the human resources development and planning to create a more competent workforce that is prepared to face and deal with the future challenges (National Research Council. 2009). The internal review involves keeping the stakeholder opinion, agency goals, and the constraints involved into focus to ensure that the strategic initiative has backing within the organization and is in line with FAA AHR plan goals (Myskova & Doupalova, 2015). In this case, FAA AHR objective is to enhance security in aviation through proper information security and privacy services that reduce the risk to breach in the agency systems. To achieve this objective, FAA AHR can go ahead with the plan to create a workforce of the future that has the required preparedness to meet the safety challenges of the future. The importance of involving stakeholders is to ensure collective responsibility and efforts towards nurturing new recruits in the organization as well as equipping them with the relevant skills and exposure to the risks in the industry (Myskova & Doupalova, 2015).
Review, Acceptance, and Approval
After assessment and validation the next task in the strategic plan is the review and acceptance of the plan by the executive using the stakeholder's feedback and the independent review results. In this case, it is important for senior management to review the validated plan to ensure that it is in line with FAA AHR objectives and future goals. The unanimous approval of the proposed plan by all the stakeholders will increase its success and also ensure full engagement of all the stakeholders in meeting the strategic options deadlines and requirements.
Communication and Implementation
Upon approval by all the stakeholders at the executive level the new plan should be communicated to other stakeholders such as managers, partners and the employees (Myskova & Doupalova, 2015). Communicating the proposal to all the people in FAA will significantly improve its success and the ability of all the people to be fully committed to the plan. Besides, communicating the plan to the employees helps create a culture of collective responsibility in FAA.
Conclusion
The risk based strategic initiative is a good approach for FAA to achieve its strategic objective due to its ability to promote informed decision making. FAA AHR seeks to increase the organization human resources competency in a changing operational environment by preparing the employees for the future challenges and opportunities in aviation safety. Irrespective of the risk of the plan such as high cost of implementation, possible failure the benefits of the plan are immense which makes it ideal to promote future organization competence in aviation safety.
References
Myskova, R., & Doupalova, V. (2015). Approach to Risk Management Decision-Making in the Small Business. Procedia Economics and Finance, 34, 329-336.
National Research Council. (2009). Science and decisions: advancing risk assessment. National Academies Press.
Zio, E., & Pedroni, N. (2012). Overview of risk-informed decision-making processes. FonCSI.
Cite this page
Research Paper on Risk-Based Decision Making Strategic Initiative for Human Resources Development in FAA AHR. (2022, Nov 20). Retrieved from https://proessays.net/essays/research-paper-on-risk-based-decision-making-strategic-initiative-for-human-resources-development-in-faa-ahr
If you are the original author of this essay and no longer wish to have it published on the ProEssays website, please click below to request its removal:
- Mintzbergs Managerial Roles Explained
- Risk Management in IT Infrastructure: COBIT v4.1 Framework
- The Impacts of Customer Satisfaction on Business Strategy in Papa Panda in Cardiff - Paper Example
- Decision Making Analysis and Implementation Plan Paper Example
- Paper Example on Leadership Traits: My Potential From Childhood
- Essay Sample on Supporting People With Exceptionalities: The Need for Patience
- Paper Sample on Market Basket Employees & Customers Unite to Protest CEO Firing