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Conducting risk assessments in the workplace is fundamentally aimed at identifying potential hazards and understanding their impact on the workers and operations within an organization. This process involves systematically evaluating various aspects of the work environment, work practices, and equipment to pinpoint areas where risks may arise. By identifying these hazards, organizations can prioritize and implement preventive measures to mitigate them effectively, leading to a safer workplace.

Risk assessments also serve as a foundation for developing safety policies and procedures, ensuring that employees are aware of potential dangers and are equipped with strategies to avoid them. Moreover, recognizing the impact of identified hazards allows organizations to allocate resources efficiently, focusing on areas of highest risk, which ultimately contributes to improving overall health and safety.

While complying with regulatory agencies, enforcing company policies, or enhancing employee morale are important aspects of workplace management, they are secondary benefits that stem from the core purpose of risk assessments. Compliance may result from the findings of a risk assessment, and while they can enhance employee morale by fostering a safer work environment, the primary aim remains the identification and management of potential hazards.