HUMAN CAPITAL AUDIT

Description

The purpose of a Human Capital Audit is to assess the current HR practices in the organisation in comparison to prevailing best practices. The audit will consider the organisational strategy and the people alignment. The audit results will present a blueprint for the future.

A human capital audit reviews an organisation's HR policies, procedures, and practices. The goal is to make the HR function comprehensive, strategic and a value adding function. The audit will propose areas for improvement and practical solutions for implementation.

Deliverables

A HR Audit report that includes:

• Strengths & Weaknesses in the HR practices
• Current practices Vs Best practices
• Evaluate the level of compliance with mandatory practices
• Blueprint for future improvements and practical solutions for improvement
• Recommendations for new HR Processes, System and Policy improvements
• Standardise HRMS (Human Resources Management System) to follow metrics to evaluate a value adding HR Function.

Our Approach

Agree on terms of reference

• Investigate/Diagnose current practices through document study, interview senior staff and observation
• Benchmark with best practices database
• Presentation to management on the recommendations of an action Plan

Human Capital Audit cycle