Hello HR Folks!
I need a sample of the HR Due Dili...
# general-qna-forumv
Vinod Kumar
05/15/2023, 9:43 AMHello HR Folks!
I need a sample of the HR Due Diligence Checklist; would also appreciate it if anyone can share insights on the same...
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shalini
05/15/2023, 10:00 AMHi Vinod,
shalini
05/15/2023, 10:00 AMwhat kind of Due diligence? can you be more specific..
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Vinod Kumar
05/15/2023, 10:05 AMthere's a kind of DD report that companies do during Mergers & Acquisitions... I and my HR Director discussed implementing a similar report internally to ensure the whole framework of Human Resources is tracked in order...
Vinod Kumar
05/15/2023, 10:11 AMeven though we have automated triggers for the HRIS system, we wanted to keep a manual draft handy... let's say certifications/licenses expiration, policies & procedure upgrade dues, benefits and comp revision, Healthcare | PF | ESIC updates/renewals, etc... hope I am not confusing anyone here!
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Ashish Vyas
05/15/2023, 1:50 PM@Vinod Kumar - I have faced 2 Due Diligence PRocesses, and these are some of the requirements that the Auditors ask for -
1. Employment contracts and agreements: of Core Team / Key Managerial Positions.
2. Organizational chart: Generally it is Founder + 3 or Till Sub Department Head Level. If you are able to have it till the last personnel - it is still better.
3. Employee Handbook (Policies & Processes), generally along with other HR Policies, they will look at Fair Employment Practices, Anti Bribery Policy, Whistle Blower Policy, PoSH Policy.
4. Hiring process, Contracts and Key Metrics.
5. Performance management: Process, Numbers, Spread and Payout.
6. Payroll records
7. Benefit plans
8. Compliance records, as well as undertaking
9. Background checks
10. Training and development - Processes, Types of Training, Output metrics (Impact)
Ashish Vyas
05/15/2023, 1:50 PM11. Key HR Metrics - Cost, Headcount, Attrition
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Vinod Kumar
05/15/2023, 1:52 PMthanks @Ashish Vyas 🙌 this helps!