GK
BUSINESS MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
Human Resource Scorecard
|
|
Human Resource Audit
|
|
Human Resource Accounting
|
|
Human Resource Value
|
Detailed explanation-1: -What Is an HR Audit? An HR audit is an objective examination of your business’s HR policies, practices, and procedures. The goal is to look for trouble spots and/or identify ways you can improve. You can hire an outside company to perform the audit or you can instruct your HR department to perform an internal audit.
Detailed explanation-2: -In essence, an HR audit involves identifying issues and finding solutions to problems before they become unmanageable. It is an opportunity to assess what an organization is doing right, as well as how things might be done differently, more efficiently or at a reduced cost.
Detailed explanation-3: -HR audits may accomplish a variety of objectives, such as ensuring legal compliance; helping maintain or improve a competitive advantage; establishing efficient documentation and technology practices; and identifying strengths and weaknesses in training, communications and other employment practices.
Detailed explanation-4: -A human resource department is also in charge of keeping employees safe, healthy, and satisfied. With proper HR management, workplace policies keep up with necessary protective measures and implementation and provide solutions to issues between team members, avoiding risk for the company and its employees.
Detailed explanation-5: -Employee Documentation. ✔ It checks the overall operations of the HRIS – Human Resource Information System. Employee Handbook. Employee Training and Development. Compensation and Rewards. Selection and Onboarding Process. Performance Review/Analysis. Health & Safety. Labour Laws.