Wednesday 27 November 2013

MU0013 – HR Audit


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Fall-2013
Master of Business Administration - MBA Semester 3
MU0013–HR Audit-4 Credits
(Book ID: B1735)
Assignment (60 Marks)
Note: Answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60.
Q1. Define Human Resource (HR) Audit. Explain the need for HR Audit. What are the benefits of HR Audit?
Answer. It is mechanism to review the current HR policies, practices and systems to ensure that they fulfill the rules and regulations. The audit also helps in identifying the areas of improvement in the HR function. Nowadays, the audit is done regularly in the organizations.
The HR audit covers

Q2. Write short notes on the following:
(i) Audit for HR Planning
(ii) Audit for HR Climate
Answer. (i) The purpose of a Human Resources audit for planning is to assess the effectiveness of the Human Resources function and to ensure regulatory compliance. The audit can be conducted by anyone with sufficient Human Resources experience. Having experience working in more than one company is a plus, as it provides the auditor with a broader perspective. There's an advantage to having the audit conducted by an external consultant. Because the external consultant has fewer biases about the organization and has less personal interest in the outcome than an employee

Q3. What is HR Scorecard? Explain the reasons for designing & implementing HR Scorecard framework.
Answer. HR scorecard measures the HR function's effectiveness and efficiency in producing employee behaviors needed to achieve the company's strategic goals. In order to achieve that you would need to:
Ø  Know what the company's strategy is
Ø  Understand the causal links between HR activities, employee behaviors, organizational outcomes, and the organization's performance
Ø  And have metrics to measure all the activities and results involved.

Q4. What is meant by ‘Competency mapping’? Explain the various competencies and the associated behavioral aspects.
Answer. Competency mapping or management is an old, widely used practice that consists of all of a company's formal, organized approaches to ensuring that it has the human talents needed to meet its business goals. Once the skills are defined, each employee (or subcontractor) is described based on these standardized definitions. These skill and personnel descriptions are then used to forecast needs, determine training goals, and measure progress toward those goals.
Q5. Write a brief note on effectiveness of Human Resource Development Audit as an intervention.
Answer. Understanding Organizational Performance and Management
Organizational change should not be conducted for the sake of change. Organizational change efforts should be geared to improve the performance of organizations and the people in those organizations. Therefore, it‘s useful to have some understanding of what is meant by ―performance‖ and the various methods to manage performance in organizations.

Q6. Describe the rationale behind human resource valuation and auditing.
Answer. Human resource valuation:
Assigning value to employees on the basis of their future economic services to the organization. Employees are valued at the present worth of the services they are expected to render during their stay for a particular period.
Valuation of Human Resources has led to two important questions:-
Solved assignments for Rs.150 each
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