HR Audits & Due Diligence |
PhoenixHR LLC helps employers reshape their HR function to better support company goals.
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What Is An HR Audit?An HR audit is a deep and objective examination of your company’s human resource policies, practices, procedures and strategies. A key focus of the audit is to determine how fully your organization complies with current federal, state and local employment law. It identifies any compliance shortfalls and defines a clear plan for corrective action. Depending on the specific needs of your business, our HR audit can be expanded to analyze your organization's:
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Why You Want It
To Preserve Your Most Valuable Asset: Your Employees. Given the nature of its responsibilities, your human resources department is ideally positioned to help reduce your company's operating costs, maximize productivity and increase profitability. Audited and optimized HR practices make a positive impact on every part of the employment life cycle from recruiting through separation.
To Avoid Expensive Litigation. Employment litigation is notoriously expensive and shows no signs of becoming less so. Consider:
According to statistics cited by CNA Insurance almost 75% of all litigation against companies today involve employment disputes..and over 40% of those lawsuits are filed against smaller employers (15 – 100 employees).
The EEOC - the federal agency that handles employee allegations of discrimination and harassment - publishes annual reports of litigation statistics on its website and proudly reported for fiscal year 2013 that it "obtained the highest monetary recovery in agency history through its administrative process, increasing by $6.7 million to $372.1 million. " (Among major employers, California falls solidly in the top 5 states with the most EEOC claims).
Another published study shows:
According to statistics cited by CNA Insurance almost 75% of all litigation against companies today involve employment disputes..and over 40% of those lawsuits are filed against smaller employers (15 – 100 employees).
The EEOC - the federal agency that handles employee allegations of discrimination and harassment - publishes annual reports of litigation statistics on its website and proudly reported for fiscal year 2013 that it "obtained the highest monetary recovery in agency history through its administrative process, increasing by $6.7 million to $372.1 million. " (Among major employers, California falls solidly in the top 5 states with the most EEOC claims).
Another published study shows:
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67% of employment cases resulted in a judgement in favor of the plaintiff (i.e., the employee) when taken to litigation.
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6 out of 10 employers have faced an employee lawsuit within the last 5 years.
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The median compensatory award for employment practices liability insurance cases is $218,000.
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To Achieve Your Business Goals: HR audits are an essential part of the due diligence process for seamless mergers and acquisitions. Whether you are buying or selling a business, having your HR practices verified and optimized through an objective audit can help drive your merger or acquisition transaction to a successful and profitable conclusion.
How We Do It
- We collaborate with your company to determine the scope of your desired HR audit.
- A PhoenixHR LLC consultant comes to your company location to review your human resources practices and identify areas of non-compliance or exposure. The time needed for the on-site portion of the audit is generally one to five business days but it can vary depending on the number of physical locations and size of your company.
- After we complete the HR Audit and analyze the results, a preliminary report can be provided upon request, typically within a week. The final audit report is delivered within three weeks and includes findings, conclusions and recommended actions.
Our Simple Engagement Process
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Step 1
Request your Free Quote. We will contact you by the next business day to discuss details of your desired solution. |
Step 2
We deliver an affordable quote tailored to your solution. Following your acceptance of our quote, we generate a Contract for Services. |
Step 3
Delivery of services begins once the Contract for Services has been fully executed and initial payment received. |
Depending on the type of HR services you desire, engagement can be:
- By Retainer: A monthly fee based on the level of HR support your business needs.
- By Project: A per-project price based on a professional time and materials estimate to complete specific tasks.
Questions About Our HR Solutions?
For quick answers:
- CHAT US: Click "Talk to Us Live" below
- CALL US: 310.697.3455
- Click here to visit our FAQ page
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We deliver HR services that help businesses thrive, not just survive.
