An HRM audit identifies a businesses strengths and areas for improvement.
What are HRM Audits?
Croner define an HRM audit as a means of reviewing current policies, procedures, documentation and systems and highlighting areas that need improvement or updating to remain compliant with the most recent rules and regulations.
Franchise Development HRM Audits
As a franchisor/franchisee you will need an HRM audit as you develop your franchise network.
An HRM audit will identify areas that need improvement or updating to remain compliant with current legislation.
The key elements of HRM audits offered to our clients are set out below.
Motivated and happy employees are the driving force of a successful business.
An HR audit is key for businesses to avoid legal or regulatory liability due to outdated HR policies and practices.
Regular HR audits can help keep your policies, processes and procedures up to date and remain compliant with current rules and regulations.
The first step in conducting an audit is to determine the type and scope. This might include compliance, best practices, alignment of HR systems and processes with your businesses strategic plan. It may also include performance of HR functions, for example, recruitment, documentation, training and development, compensation and benefits, employee relations, resourcing, performance management and evaluations, termination policies.
HRM Audit Plan
The next stage is to prepare a plan outlining the type of HR audit to be conducted. Identifying goals, milestones and setting out a timeline for completion. This includes creating an in-depth questionnaire to provide consistency in the data gathering process.
Collect Data and Benchmark Findings
All documents, forms document processes, procedures and systems will need to be gathered for analysis. Findings will be compared with industry benchmarks and best practice.
Provide Feedback About Results
Once all of the necessary information has been analysed a report is produced of the findings. This will identify strengths and weaknesses found during the audit, together with recommendations. A plan can then be formulated to address each problem or area of concern identified in the report.
HR systems and practices need to be continually monitored and reviewed to maintain competitive advantage.
It’s important to track changes and identify trend in your businesses employment related issues.
Identifying problematic issues, growth or declining problem areas can help in decision-making going forward.
Everything we do is backed by research
Book A Free HRM Review
Take advantage of our free HRM review and we’ll give you the feedback you need to pursue your business aims and objectives.