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A risk assessment identifies hazards, evaluates risk, and documents controls. SMEs need them for safety and insurance. Keeping them current prevents incidents and shows diligence during inspections. ### Why it Matters for SMEs - Prevents harm - Meets legal duties - Eases inspections ### Example in Practice Completed assessments are stored and versioned in Factorial. ### Frequently Asked Questions Common questions about risk assessment ### ### How often? ### ### Who conducts it? ### ### Template use? ### Explore More HR Terms Continue building your HR knowledge with our comprehensive glossary [Browse All Terms](/glossary) ### Related Terms Explore these related HR concepts [ #### HR Software Risk Assessment Risk assessment evaluates data security, compliance, and vendor stability before purchase. ](/glossary/hr-software-risk-assessment) [ #### Absence Management Absence management covers policies, processes, and tracking for all time away from work. It ensures fairness, visibility, and compliance while helping SMEs understand patterns and plan coverage. Software removes guesswork and manual tallying, reducing disputes and improving employee trust. ](/glossary/absence-management) [ #### Absence Management Policy An absence management policy defines how unplanned absence is handled. SMEs use it to create clarity, fairness, and compliance. ](/glossary/absence-management-policy) [ #### Absence Policy An absence policy defines rules for sickness, lateness, and unplanned leave. SMEs use it to set expectations and reduce disputes. ](/glossary/absence-policy) [ #### Absence Rate Absence rate measures time lost to sickness or other unplanned absences. SMEs track it to manage productivity and wellbeing. ](/glossary/absence-rate) [ #### Absenteeism Absenteeism is when employees miss work beyond planned leave. High absenteeism can indicate disengagement, health issues, or management problems. SMEs track it to manage productivity and wellbeing. ](/glossary/absenteeism) [Browse All Terms](/glossary) ### Related articles from our blog - [![Health & Safety in 2026: The Hidden Gaps SMEs Still Miss (Risk Assessments, Training, Remote Work)](https://images.unsplash.com/photo-1568125965866-55335861d193?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=M3w4MTA5OTd8MHwxfHNlYXJjaHwxfHxoZWFsdGglMjBzYWZldHklMjBpbiUyMDIwMjYlMjB0aGUlMjBoaWRkZW4lMjBnYXBzJTIwc21lcyUyMHN0aWxsJTIwbWlzcyUyMHJpc2slMjBhc3Nlc3NtZW50cyUyMHRyYWluaW5nJTIwcmVtb3RlJTIwd29ya3xlbnwwfDB8fHwxNzc0MzUxMjg1fDA&ixlib=rb-4.1.0&q=80&w=1080) Health & Safety in 2026: The Hidden Gaps SMEs Still Miss (Risk Assessments, Training, Remote Work) Discover the critical health and safety gaps SMEs overlook in 2026, from risk assessments to remote work. Ensure compliance and protect your workforce today! ](/blog/health-safety-2026-hidden-gaps-smes-still-miss) - [ Health & safety in 2026: The hidden gaps SMEs still miss (risk assessments, training, remote work) is not just a catchy headline β€” it’s a reality many small and medium-sized businesses are waking up to Health & safety in 2026: The hidden gaps SMEs still miss (risk assessments, training, remote work) is not just a catchy headline β€” it’s a reality many small and ](/blog/w-w) READY TO TRANSFORM YOUR HR? ## Let's discuss how Faqtic & Factorial can scale your business Join hundreds of European companies who trust Faqtic to optimize their HR operations with Factorial. 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