HR Audit & HR Due diligence
One of the Leading Independent HR Due Diligence and HR Audit Companies
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1000+
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covering Manufacturing, Mining, Agri-Business, Power & Utility, Construction, Service, Logistics and many more
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Own and Contractor Employees
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Supply Chain Workers
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Supporting Investment – Merger – Acquisition
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HR Audit and HR Due Diligence
In the fast-paced world of modern business, optimising your Human Resources functions is a strategic imperative. That’s where Consultivo People Advisory steps in as your trusted partner for HR Audits.Â
Our comprehensive service goes beyond routine checks, providing a meticulous examination of your HR policies, procedures, and practices.
HR Audit and HR Due Diligence – Elevate Your People Excellence with Precision and Insight!
Purpose of an HR Audit and HR Due Diligence
HR Audit
- Compliance Assurance and legal risk reduction
- Efficiency Improvement
- Strategic Alignment
- Employee Satisfaction
- Performance Enhancement
HR Due Diligence
- Strategic Decision Making during the merger, acquisition, or partnership process.
- Risk Mitigation
- Legal Compliance
- Operational Alignment
- Financial Implications
- Cultural Integration
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Human resource audits, or HR audits, are systematic and objective examinations of an organisation’s HR process and human resource (HR) function. The purpose of an HR audit is to identify areas of strength and weakness in the HR function, and to make recommendations for improvement.
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Human Rights issues pose risks to business. We help you meet and exceed global standards
As an SA8000 Consultant we support organisations on Implementation, Hand holding, Gap Assessment, Training and Internal Auditing.
Social compliance is a fundamental part of people element of ESG, sustainability and responsible business.
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Consultivo partners People Advisory for your HR Audit and HR Due Diligence journey
1.
Human Rights issues pose risks to business and as an independent consultant, we help companies meet and exceed national as well as global standards.Â
2.
Social compliance, a fundamental part of people element of ESG, sustainability or accountability programme
3.
As a SA8000 Consultant we support organisations on Implementation, Hand holding, Gap Assessment, Training, Capacity Building and Internal Auditing on Social Accountability.
Employee Engagement Survey provides you with a deep understanding of employee perceptions and action items for improvement. We provide unbiased Online, Onsite and Blended surveys customised to your need.
Employee or Staff Well-being Audit helps you to understand your Corporate Wellness index.
A structured Competency Assessment and Competency Mapping Process ensure that workforce competence is demonstrated to meet business requirements.
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Why Choose Consultivo People Advisory for your HR Audit and HR Due Diligence?
Strategic Insight
Strategic Insight
Compliance Assurance
Compliance Assurance
Efficiency Optimisation
Efficiency Optimisation
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Tailored Solutions
Types and Approaches of an HR Audit or HR Due Diligence
Choosing the right type and approach for your HR audit is crucial for maximising its effectiveness. Here’s a breakdown of some common options:
1.
Compliance HR Audit
Focuses on ensuring adherence to legal and regulatory requirements, e.g., labour laws, discrimination protocols, health and safety regulations
2.
Operational HR Audit
Assesses the efficiency and effectiveness of HR processes, identifying bottlenecks and improvement opportunities
3.
Strategic HR Audit
Examines how HR aligns with and supports the organisation’s overall business goals and strategic objectives.
4.
Functional HR Audit
Evaluates specific HR functions, e.g., recruitment, performance management, compensation, training, to identify best practices and gaps
Get to know all the elements in an HR Audit or HR Due-Diligence report and how we can help youÂ
Our Approaches to HR Audits and HR Due-Diligence
Comprehensive approach
Our comprehensive approach involves a thorough review of all HR policies, procedures, and practices. It is a time-consuming and resource-intensive process but provides a detailed and accurate assessment of the HR function.
Focused approach
Our focused approach involves a review of specific HR policies, procedures, and practices. It is a less time-consuming and resource-intensive process but provides a limited assessment of the HR function
Independent and Unbiased Approach
Conducted by our independent consultants or auditors, providing an objective perspective and expertise and delivering fresh insights. Also, establishes transparency leading to enhanced confidence to the stakeholders.
Combination Approach
A blend of internal and external resources, leveraging internal knowledge with external objectivity for a comprehensive analysis
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- Compliance with Employment Laws
- Recruitment and Onboarding Processes
- Employee Policies and Procedures
- Compensation and Benefits
- Performance Management
- Training and Development Programs
- Employee Relations
- Diversity and Inclusion
- Health and Safety Practices
- HR Record Keeping and Documentation
- Employee Engagement and Satisfaction
- Termination and Separation Processes
- Succession Planning
- HR Technology and Systems
- Data Privacy and Security
- Organisational Culture
- Labor Relations
- Employee Communications
Download human resources audit checklist and use it for a self assessment.
HR due diligence is a critical process conducted during mergers, acquisitions, or other significant business transactions. The coverage areas for HR due diligence typically include:
- Workforce Structure
- Employee Contracts and Agreements
- Benefits and Compensation
- Legal Compliance
- HR Policies and Procedures
- Performance Management
- Training and Development
- Employee Relations and Culture
- Health and Safety Practices
- Data Privacy and Security
- HR Technology and Systems
- Succession Planning
- Project specific requirements
By comprehensively covering these areas, HR due diligence aims to provide the acquiring entity with a clear understanding of the human resources landscape of the target company, helping to identify potential risks, liabilities, and opportunities for integration.
Standards and Guidelines
The standards and regulations pertinent to your HR audit and HR Due-Diligence hinge on factors like organisation size, industry, geographic location, and audit scope and location specific legal requirements.
A Few of the International references
- International Labour Organization (ILO) Core Labour Standards
- UN Global Compact – Principle 1 to 6
- ISO 30414 Human Capital Reporting
- GRI Standards – GRI 401 to 412 and Sector Standards & GuidelinesÂ
- UN Universal Declaration of Human Rights
- Supply chain requirements like ETI Base Code, SMETA, EcoVadis
- ISO 30415:2021 Human resource management — Diversity and inclusion
- SA 8000 Standard
- BS 76005:2015, Valuing People – Diversity and Inclusion
- Industry Specific Standards & Guidelines
and many more
A Few of the Indian references
- The Factories Act, Mines Act, BOCW, The Shops and Establishments Act
- The Minimum Wages Act, The Equal Remuneration Act
- The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act
- The Personal Data Protection Bill
A thorough HR audit, aligned with relevant standards, ensures legal compliance and cultivates a workplace that prioritises fairness, compliance and ethics for employees.
Download hr audit checklist
Consultivo HR Audit and HR Due Diligence help you to
- Mitigate HR Legal Risks
- Improve HR Processes
- Boost Employee Morale
- Foster a Positive Work Environment
- Enhance Organisational Success
- Support Merger and Acquisition
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Some more answers to your questions – FAQ
What are the advantages of HR Audit & Due-diligence?
HR Audit & Due-diligence Audit is an excellent vehicle for gaining the insight of different elements and lifecycle of employment practices like attraction, training, retaining and rewarding It reflects a clear understanding of the employees who make up the workforce.
A carefully designed and conducted HR Audit & Due-diligence audit can reveal a great deal of information about the entire people management process including:
- Legal Compliance: Ensures adherence to labor laws and regulatory requirements, reducing legal risks.
- Process Optimisation: Identifies areas for improvement, enhancing the efficiency of HR functions.
- Risk Mitigation: Helps in identifying and addressing potential HR-related risks and liabilities.
- Strategic Alignment: Aligns HR practices with organisational goals and strategic objectives.
- Employee Satisfaction: Improves employee morale and satisfaction by addressing HR issues.
- Improved Decision-Making: Provides data-driven insights for informed HR and organisational decisions.
- Operational Efficiency: Streamlines HR processes for better overall organisational efficiency.
- Cost Management: Identifies cost-saving opportunities and ensures optimal use of resources.
- Talent Development: Highlights areas for employee training and development, fostering skill growth.
As a one of the leading HR Audit Companies & Due-diligence audit firm, Consultivo provides end to end services in this domain.
Know how we conduct Business and Human Rights Gap AssessmentÂ
What could be the Timing and Frequency of HR Audits and Due Diligence?
Organisations are expected to conduct an HR Audit on a regular basis. Many conduct this annually.
Conducting regular audit or assessment demonstrates that the company actually cares about how they perceive their work environment. It ensures both way communications from employees and their organisation.
Choosing when to conduct the audit should take several things into consideration. Few of them are mentioned below:
- Scheduling the audit in a relatively non-peak production period and avoiding holiday seasons generally ensures maximum responses.
- Until and unless there is a specific purpose, it’s better to avoid high-stress periods like a bonus, performance appraisal, merger, restructuring, lay-off etc. There is a chance to get skewed results during these periods.
An HR Due-Diligence Audit is generally conducted prior to a Merger and Acquisition (M&A) or Collaboration.
As a one of the leading HR Audit Companies &Â Due-diligence audit firm, Consultivo provides end to end services in this domain.
How Consultivo can help us in HR Audit & Due-diligence Audit?
As a one of the leading HR Audit Companies & Due-diligence audit firm, Consultivo provides unbiased and insightful information with recommendations for improvement.
HR Audit & Due-diligence Audit can be conducted fully online, Fully Onsite and in a blended method, depending on the purpose and requirements.
Consultivo offers bespoke solutions in the entire domain of HR Consulting including Employee Survey, HR Audit, Business and Human Rights Due Diligence, DEI Consulting, Employee Well being Audit and HR Trainings. Call or WA +91 98311 45556 or write to [email protected]
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