HR Audits: Assessing Key Strategic and Tactical HR Issues in Light of the Coronavirus

Overview:
Human resource audits have increasingly become a critical tool in assessing, measuring, and managing the scope and capabilities of an organization. Designed to help focus an organization’s attention on its human resource management practices, policies, procedures, processes, and outcomes, HR audits provide a structured and systematic approach to assessing key questions about the organization level of compliance, its risk management strategies, its internal auditing processes, and key human resource management activities. As an auditing process, HR audits are designed to help your organization identify potential and actual problem areas, help assess the effectiveness of HR management activities, help assess weaknesses in HR internal control processes, and help assess compliance-related risks. These issues have taken on new importance as organizations must increasingly contend with external forces, including the impact of pandemic crises.

Why Should You Attend:
In today’s environment, organizations must consider human capital related risks and opportunities from an enterprise risk management (ERM) perspective. As a result, HR audits increasingly must take a holistic approach in assessing human capital risks and attempt to indicate the interrelationships and interactions between HR and other management and organizational issues.

Because no two employers are alike, HR audits typically help an organization develop and tailor employment practices, policies, procedures, and processes to meet its specific needs. Properly designed, HR audits should first provide your organization with the “right” questions to ask about various employment practices issues; then help your organization determine the optimal answers.

While an HR audit alone will not guarantee that your workplace will be selected as a “best place to work” or be free from all legal challenges, it will serve as a guide through the maze of human resource management best practices and employment and labor laws and regulations. An HR audit will further enhance the value of your organization’s human capital, enhance your organization’s competitiveness, and reduce your organization’s exposure to employment practices liabilities.

Areas Covered in the Session:
1)  Develop an understanding of key risk management techniques and issues
2)  Identify and review the critical issues of human resources management
3)  Develop skills in applying risk management techniques in managing human capital related risks
4)  Improve your human capital risk management effectiveness using HR audits
5)  Review the development of Key Performance indicators (KPIs) and Key Risk Indicators (KRIs)
6)  Develop competencies in human capital metrics and human capital scorecards
7)  Gain practical insights in using human capital risk management to help your organization seize opportunities and reduce liabilities

Who will benefit:
•  Human resources managers.
•  Payroll managers
•  Internal and external auditors
•  CEO and CFOs
•  Risk managers
•  Compliance managers
•  VPs, GMs, Directors, Division Heads, and Senior Managers