OVERVIEW
There are numerous external and internal forces and factors that have an impact on organizations. Increasingly this list includes the strategic, tactical, and legal activities of managing their human capital. Like the management of their financial capital, effective management of organizations’ human capital plays a critical role in determining their success. And like the benefits of financial audits, HR audits provide management with a method of determining whether human capital is effectively used, where human capital is incorrectly – or unlawfully — used, and how to improve human capital return on investment.
WHY SHOULD YOU ATTEND
In the global economy, human capital has become for many organizations the single most important determinant of competitiveness, productivity, sustainability, and profitability. Increasingly, an organization’s human capital is the source of innovation and a driver of business success.
AREAS COVERED
The threats and risks from human resource management issues are increasing. No longer measured in only fines, penalties, and awards for non-compliance, human resource management affects keys business metrics, including the organization’s valuation and credit rating. Further, improper human resource management can significantly reduce managerial prerogatives, and seriously damage the organization’s reputation and employment brand. Thus, HR audits have become a critical tool in identifying problem areas and are evolving from an ad hoc audit activity to a critical element of an organization’s risk management and compliance processes.
WHO WILL BENEFIT
- HR Heads, HR Manager, HR Professionals
- Planning and Audit Managers
- Internal/External Auditors
- Risk Managers
- Compliance Officers
- Line Managers
- CFOs/COOs/CEOs
- HR professionals
- CFOs, CROs, CCOs
- Internal auditors/external auditors
LEARNING OBJECTIVES
This session discusses the development and use of HR Audits in addressing such critical risk management issues as:
- 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?
- What are the key organizational issues that should be audited?
- What HR audit tool should be used
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