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HR Audit Q1. Company XYZ, a technology start-up has grown rapidly since its inception 4 years ago. While the company is increasing manpower at the rate of 30% per annum, it is also losing a lot of key people. You have been appointed as the external HR Auditor for this company. What is the overall HR audit process you will follow? What is the specific approach you will take to audit the attrition in the company? Q2. Company ABC is a manufacturing company with offices across India. They have well defined HR policies and an active HR team. They regularly conduct an Employee Satisfaction Survey to assess the level of employee motivation. Last 3 years has seen the satisfaction scores go down. One key are of disconnect was found to be the compensation and benefits area.
Your firm has been appointed to Audit the Compensation and Benefits and suggest appropriate steps. What steps will you follow to do a compensation and benefits audit of the company ? Q3. Kapoor & Co is a family run business, which has been in existence for many years. The MD, Mr. Kapoor, knew each and every employee in his company and ran the company like his extended family. He was personally involved in every performance and increment discussion and would take the final decision for each employee. The employees were quite happy in this set-up. After a few decades, Mr. Kapoor decided to retire from the company and put in place a professional management team to run the company. The new management team has been hired from other companies and has been given a free hand to run the company. The new CEO has appointed your firm to audit the Performance Management process.
Detail out the steps by way of a checklist you will follow to assess the HR policies. b. With the new management team leading the performance assessments, identify 5 documents that should form a part of the HR policy manual related to Performance Management and write 2-3 lines describing the relevance of each document in this context.
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