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C.P. Praveen Kumar Rangaraj Sampath Kumar Satish S Shyam Sunder Shiv Sharanu
Introduction Objective Importance of HR Audit Company Profile Implementation Plan in HR Audit Scope of HR Audit Conclusion
Human Resources (HR) Audit is a process of examining policies, procedures, documentation, systems, and practices with respect to an organizations HR functions.
The Objective of the HR audit is to reveal the strengths and weaknesses in the nonprofits human resources system, and any issues needing resolution. The audit works best when the focus is on analyzing and improving the HR function in the organization.
It is most useful when an organization is ready to act on the findings, and to evolve its HR function to a level where its full potential to support the organizations mission and objectives can be realized.
NSLTextile Ltd: NSL group has diversified into the textile sector over the past 6-7 years. There are two textile companies in the group by name Jayavenkatrama Industries Limited and DPM Textiles Ltd. There is an expansion under implementation with a capital outlay of Rs.1028 crores.
The Expansion project is spanning from Integrated Cotton farming, ginning & Pressing, Spinning, Weaving, Yarn Dyeing & Fabric Processing and Garmenting at Four locations (all within 60 Km radius from Guntur) in Prakasam, Guntur and Krishna districts of Andhra Pradesh. The Project is proposed to be implemented in 3 phases and expected to commence operations of Phase-1 by September 07, phase 2 by April 08 and final phase by mid 2009. .
Upon the completion of the project the total capacities would go up to 2,40,000 spinning mills 60 Tons a day cotton spinning about 600 shuttle less looms, weaving with 1,00,000 mts a day and processing 2,00,000 lakh mts per day too and which could be expanded to 5,00,000 mts per day in the next five years. Garmenting 3,00,000 lakh million pieces per annum with 1000 machines. The turnover of the textile division is expanded to be around 1,500 crores by the year 2010. The corporate office for the textile business shall be located at Hyderabad. The business proposes to develop garment business with own branding in the future on completion of the proposed manufacturing facilities. There are also plans to take the company public after 2010
Bombay Rayon Fashions Limited: # 201 ,Royal Manor apartment, Cunningham Road,Bangalore - 560052 (Karnataka) India. They are located across Bangalore in Karnataka, Navi Mumbai and Thane in Maharashtra and Silvassa; in Dadra and Nagar Haveli. Bombay Rayon Fashions Ltd was incorporated on May 21, 1992 as Mudra Fabrics Pvt Ltd.In September 30, 2004, the company got their present name, Bombay Rayon Fashions Ltd Textiles Products - Manufacturer, Export / Import, Public. Ltd. Firm Since 1986
PRODUCT DEVELOPMENT: Constantly developing concepts & experimenting with new fabric blends, textures, surface effects, embellishments, prints, embroidery & value addition to create exclusive designer collections. TECHNOLOGY & INFRASTRUCTRUCTURE: widest range of sophisticated weaving infrastructire including state-of-art warping & ultra-modern projectile, rapier & Air jet Looms.
When planning an audit of your Human Resource function, here are a few things to consider: Timing Scope The Audit Team Follow-up
Day 3:
Finalise communication plan with HR/line/unions.
Day 5: Finalise questionnaires for service quality audit, and people management practices questionnaire. Day 7: Finalise balanced scorecard measures to be used in the audit. Day 10: Implement communication plan and brief departmental management about their roles/requirements for staff time and information.
Day 12: Conduct combined surveys (3 days to complete) Day 15: Assemble and audit policies, procedure, systems information Day 20: Conduct focus groups Day 30: Finalise quantitative and qualitative reports
Parameters
NSL Textiles
Audit period
Annually
No Of Employees
2000-3000
>5000
Audit Team
Consultant Appointed
What is human resource audit all about? The Human Resources (HR) Audit is a process of examining policies, procedures, documentation, systems, and practices with respect to an organizations HR functions.
Why HR Audit is conducted? The purpose of conducting a human resource audit is to support the overall business plan of the organization.
Is there legal obligations for HR audit? No. There are no such legal obligations for HR audit.
Getting the top management to think in terms of strategic and long-term business plans Clarifying the role of the HRD department and line managers in HRD Streamlining of other management practices Better recruitment policies and more professional staff Improvements in HRD systems
Employees have a significant impact on the bottom line, so an audit of the HR function would be favorable. Audits can be limited in scope focusing on specific areas that may need attention such as hiring practices, compensation and/or benefits, or they may be more extensive looking at the HR function as a whole.
Audit should be conducted once in every 12-18 months. Audit team should consist of internal and external auditors. Priority must be given to all the functions of HR Department accordingly. HR Audit must focus on major areas like Planning, Staffing & Development, Organizing, Commitment, Administration and Research & Development.
The purpose of conducting a human resource audit is to support the overall business plan of the organization.