Employment laws are ever changing. Workplace lawsuits are on the rise. Fines for non-compliance can add up quickly and deplete your hard earned profits. In some cases the violations could land you in jail! The average lawsuit settlement is $165,000 before you pay lawyer fees; if you suffer through a jury trial when faced with litigation, it could cost you $1 Million or more. Oftentimes, employers are so busy with day-to-day operations that compliance issues and illegal practices go unnoticed. Conducting a Human Resources (HR) audit is a smart way to make sure your organization is legally compliant, as well as, uncover illegal processes.
In a nutshell, the HR Audit gives organizations the opportunity to assess what the organization is doing right, as well as how things might be done differently, more efficiently, or at a reduced cost. It also helps the company identify outsourcing opportunities and cost saving strategies.
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