HR teams tend to be very busy, and it can be tempting to focus on daily tasks and skip projects with a long-term view. But even though it falls outside of the important daily to-do list, an HR audit can actually improve the efficiency of those daily processes and save the team precious time and resources.
Here are just a few of the key benefits of performing regular HR audits:
Builds on Processes and Policies That Impact the Employee Experience
Closely analysing the process and policies that impact your employees each day presents an opportunity to immediately improve their experience and ensure all employees have a safe place to work. Over time, this will not only empower workers and help with retention, but will also boost company culture and impact your ability to attract top talent.
Utilises Strategic HR Data
Most organisations build up significant troves of HR data over time, whether on performance, the recruitment funnel or the general People function. An HR audit will put that data to work by identifying opportunity areas, aligning actual performance with current policies and procedures and building strategic plans for the future.
Data by HR and payroll specialist SD Worx indicates that People teams in the UK are ahead of the curve on this compared to other countries in Europe. 74% of businesses in Europe reported having access to data on their HR and personnel costs, but that figure was 80% in the UK.