The present day business environment is one of uncertainty and confusion. In most cases, a law comes to light only after it has not been met, resulting in severe penalties.
Statutory Compliances become mandatory, if one must keep away from the long arm of the law!
Quality
compliance audits are typically performed at predefined time intervals and ensure that the institution has clearly defined internal system monitoring procedures linked to effective action. This can help determine if the organization complies with the defined quality system processes and can involve procedural or results-based assessment criteria.
Conducting a periodic audit should enable you to make the right choices, correct practices to align with the ever-changing regulations and stay compliant. TalentPro"s HR advisors and compliance audit providers will help you identify areas of compliance or non-compliance. They even suggest you a phased plan that will help you mitigate risk.
So what is a compliance audit and why do you need it?
A compliance audit will provide an independent appraisal of your HR practices, assess if they are in tandem with the legal requirements, zoom in on problem areas and will give you a road map to plan smart for your human resource needs. A simple process will be:
"A structured query vis--vis documentation and review processes
"Evaluating files, forms, memos and organization charts and align them to organizational goals.
"Interaction with key personnel to communicate management"s vision and why some of the compliance practices must be modified.
"Analysis of the current HR functions and how they must be modified to meet compliance needs
"Defining timelines for completion
The audit will now become a broad framework for developing and designing all handbooks, rules & regulations, programs, procedures, training material and job descriptions.
The final report must cover the following:
"Executive Summary
"Observations and Recommendations
"The Next Steps
Compliance auditors from
TalentPro can engage in providing solutions, on a periodic basis and respond to human resource challenges and issues as and when they arise.
They can also step in to supervise the remediation of any or all of the issues identified by the audit report.
