1 / 13

Corporate Compliance Audit

Corporate Compliance Audit. Assistance to the employer, to identify and evaluate people-related risks and opportunities of the business, and recommendations on how to maximise opportunities and minimise risks. Human Resources in Perspective. Purpose of Business = Profit Needs =

helen
Download Presentation

Corporate Compliance Audit

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Corporate Compliance Audit Assistance to the employer, to identify and evaluate people-related risks and opportunities of the business, and recommendations on how to maximise opportunities and minimise risks.

  2. Human Resources in Perspective • Purpose of Business = Profit • Needs = • products & services • a market/ customers • infrastructure • systems & processes • people • Greatest Competitive Advantage = people • Greatest cost and risk factor = people Need to manage performance Need to manage risk

  3. Performance Model

  4. Competitiveness Rankings 1999 ‘99‘98‘97‘96 Singapore 2.12 1 1 1 1 USA 1.58 2 3 3 4 UK 1.17 8 4 7 15 Australia 1.04 12 14 17 12 Japan 1 14 12 14 13 Norway 0.92 15 9 10 7 Korea 0.46 22 19 21 20 Mexico -0.2 31 32 33 33 Argentina -0.65 42 36 37 37 South Africa -0.74 47 42 44 43 Vietnam -0.85 48 39 49 N/A Egypt -0.86 49 38 28 29

  5. Optimism Index - Africa

  6. Legislative enactments since 1994 • Legislative enactments: • Employment Equity Act • Labour Relations Act, • Skills Development and Skills Development Levies Acts, • Unemployment Insurance Fund Act, • Pension Fund Act; • Promulgation of the Bill of Rights; • Medical Aid Regulations; • Basic Conditions of Employment Act and Regulations • Regulatory Bodies: • The institution of the CCMA / Bargaining Councils and Labour Court; • Commission for Employment Equity; • Gender Commission; and Employment Conditions Commission;

  7. Legislative enactments since 1994 • Codes of Good Practice relating to : • Employment Equity, • Dismissal, • Retrenchments, • Maternity, • HIV/Aids, • Sexual Harassment, • Regulation of Working Time, • Picketing, • Balloting; and amongst others, regulations relating to Smoking in the workplace. Other developments have seen amendments to the Occupational Health and Safety Act and Compensation for Occupational Injuries and Diseases Act.

  8. Impact of non-compliance • Costs of non-compliance are high: • Unfair dismissals • Compliance orders • Labour turnover • Supplier contracts subject to employment equity compliance • Employee disputes and grievances • Organisational growth - structured growth necessitates formalising of human resource systems As with financial and technological due diligence, corporate compliance "implies, not a cursory review, but an extensive, comprehensive investigation of issues and their implications facing organisations and taking appropriate action based on audit findings."

  9. The Solution : Corporate Compliance Audit • Purpose • to assist employers to identify and evaluate the people-related risks and opportunities of their business, and to recommend how to : • maximise the opportunities and • minimise the risks • Background • Process Data Collection & Assessment Report of Risk Rating & Opportunities • Recommendations how to : • improve risk rating • maximise opportunities

  10. The Solution : Corporate Compliance Audit • Benefits • Information about your company and your people • Comprehensive assessment of all Human Resource issues • Awareness of the risks and barriers to success • Identify individual and company growth potential • Gain an understanding of how to improve certain processes for greater benefit, greater success and less risk • Determine the extent of compliance with employment law requirements • Attract and retain the BEST people for the job • More effective management and use of human resources through the implementation of non discriminatory employment policies and practices • Identify and implement human resource best practices

  11. The Solution : Corporate Compliance Audit Areas Covered Human Resource Strategy Recruitment and Selection Performance Management Training and Development Compensation Conditions of Employment Employment Law Dispute Resolution New Specialised Audits Employment Equity Audit Mergers and Acquisitions Audit Industrial Relations Audit Occupational Health & Safety Audit Communications Audit Information Technology Additional Cross- Functional Areas Communication Information & Reporting Employment Equity Systems & Procedures Budgets & Finances

  12. Value Added : What does the client get? • CCA Audit report & recommendations • Free Products • Training Modules on the following: • Managing Employee Conduct • HIV/Aids • TB & Smoking • Alcohol Abuse • Monthly E-mail Newsletter • Discounted subscription to Workinfo.com • Discounted subscription to caselaw.co.za

  13. CCA Audit Options • Self Audit R 990 • generic report, no recommendations • Facilitated Audit R2950 • company specific report & recommendations • assistance by consultant • Comprehensive Audit R8750 • 1-200 employees • 200 or more employees = subject to quotation

More Related