HR audit – uncovering hidden costs

Organisation Structure

The HR function in this engineering design and project management company was overseen by its finance department.

The company wanted to conduct a manpower study, documenting specific demographic and salary of all employees.

HR Anexi’s audit led to a shocking finding: more than 10% of the workforce continued to receive their salaries even after quitting the company years ago. When the company finally cleared its books on employee accounts, they generated a savings of INR 20 lakhs within a single year. The company was able to streamline its manpower structure, remove layers that were either redundant or non-functional.

With more realistic...levels, its business units recorded an improvement as high as 12% in employee productivity and retention.

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