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Key Features:
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The Deal With Intense Stress Levels During Auctions Risk Assessment includes the following job steps and related potential hazards:
- 1. Preparation
- Stress
- Long working hours
- 2. Gathering Information
- Pressure to perform
- Data overload
- 3. Analysing Market Conditions
- Uncertain market conditions
- Frequent changes
- 4. Bidder Registration
- Error in bidder registration
- Unqualified bidders
- 5. Opening Auctions
- Crowd management
- Verbal attacks
- 6. Conducting Bidding
- Fast-paced environment
- High pressure
- 7. Closing Deal
- Paperwork errors
- Disputes
- 8. Managing Post-Auction Stress
- Inadequate stress management
- Lack of post-auction downtime
- 9. Financial Transactions
- Fraudulent transactions
- Money mismanagement
- 10. Signing Contracts
- Legal complexities
- Oversight in contract details
- 11. Evaluating the Auction
- Negative feedback handling
- Stress due to unsuccessful auction
- 12. Following up with Bidders
- Difficult customers
- Maintaining professional relations under stress
- 13. Documentation and Reporting
- Misinterpretation of data,Stress due to admin workload
- 14. Team Debrief
- Communication issues ,Interpersonal conflicts
- 15. Relaxation & Rest
- Insufficient rest ,Inadequate stress release mechanisms
- 16. Preparing for Next Auction
- Anxiety
- Work overload
- 17. Training & Development
- Training anxiety ,Rapid adaptation to new processes
- 18. Compliance Monitoring
- Violation of rules
- Regulatory penalties
- 19. Customer grievances handling
- Emotional stress
- Difficult situations
- 20. Decision making under stress
- Making wrong decisions
- Prolonged mental exhaustion