Monitoring the operation of a company’s human resources and making proposals for improvement, in accordance with its strategic objectives and human resources needs. The audit covers all areas of human resource management and may extend to an assessment of the organisational structure and the management of the enterprise. The service is of particular value in cases of acquisitions or mergers where the company’s “due diligence” process is completed with the HR Audit process.
In order for an organization to maximize the contribution of its human capital, the HR function must perform at a high level. The HR Audit evaluates a company’s HR strategy, systems, policies and practices, comparing them to industry best practices. It also makes recommendations to help the HR function align with the business strategy, resolve problems, increase the level of service to employees, gain flexibility and support the company’s efforts to achieve results.