What does the process of "hazard identification" involve?

The process of "hazard identification" involves determining whether a substance poses a risk to health or the environment. This is a critical step in risk assessment, as it allows organizations to recognize and evaluate potential dangers that can affect the safety and well-being of people, as well as the surrounding environment. Proper hazard identification ensures that necessary precautions can be taken to mitigate risks, leading to healthier work conditions and safety protocols.

In contrast, assessing employee satisfaction levels and evaluating insurance claims are not related to the identification of hazards in the workplace or environment. These actions focus more on organizational health and financial management rather than the direct identification of potential risks. Similarly, calculating operational costs does not pertain to identifying hazards; it is more concerned with the financial metrics of running a business. Hence, the primary aim of hazard identification is centered around evaluating risks that could arise from various substances or conditions, making the chosen answer accurate and relevant to safety management practices.