A Study of Human Resource Audit in Indian Business Organizations

Abstract

Human resources are an important asset of an organization. Therefore, management and evaluation of human resources should be the top priority of business organizations. Human Resource Audit (HRA) attempts to evaluate the policies, procedures and practices of the organization to find out the efficiency and effectiveness of the human resource management. Every organization carries out accounting audit as a part of statutory regulations. However, organizations have no legal obligation to conduct HRA. Some organizations have enlightened management that they voluntarily accept the usefulness of HRA.HRA attempts to find out the future needs of the company after assessing the current activities and inputs. The paper aims to explore the different aspects of HRA. The researcher has resorted to descriptive study and has used secondary method of data collection. The study highlights the benefits of HRA as adopted by some business organizations in India.