HR Auditing: Critical Issues For Managing And Ensuring Compliance
Numerous external forces and factors have had an impact on the demand for and scope of HR audits.
First, in the global economy, human capital has become for many organizations the single most important determinant of competitiveness, productivity, sustainability, and profitability. Increasingly, the organization's human capital is the source of innovation and a driver of business success.
Second, a confluence of economic, political, and social factors, including corporate scandals, the failure of organizations to adequately assess risks, and increasing stockholder initiatives, have resulted in increased statutory and regulatory requirements, a call for greater transparency, and increased internal and external audit activity.
Third, governmental agencies have become more active — some would argue more aggressive — and have committed more resources to conducting assessments of employment policies and practices. Importantly, the EEOC, the OFCCP, U.S. DOL, and ICE have advised employers that they consider self assessments and audits "best practices."
How effective is your organization's human resource management? Is your human capital helping you achieve organizational objectives? Are your employment practices creating material risks and liabilities? This session discusses the development and use of HR Audits in answering these questions and addressing critical risk management and due diligence issues. What You'll Learn:
- The critical components of an HR audit
- Economic, political, regulatory, and social factors affecting HR audits
- Best ways to use HR auditing tools
- How to utilize an HR Audit Scorecard
- Current trends in HR Auditing