Is HCL a PSU?

Is HCL a PSU?

HCL is a government company in IT sector !!!

What do HCL Technologies do?

HCL Technologies Ltd is a leading global IT services company that helps global enterprises re-imagine and transform their businesses through Digital technology transformation. The company is primarily engaged in providing a range of software services business process outsourcing and infrastructure services.

How HR accounting is set in India?

The company act of 1956 had no provision for HRA. The subsequent accounting bodies such as Institute of Chartered Accountants of India have not yet drafted standard or measurement dealing with accounting and reporting of human resource accounting.

What is HR audit?

An HR audit is an objective examination of your business’s HR policies, practices, and procedures. The goal is to look for trouble spots and/or identify ways you can improve. You can hire an outside company to perform the audit or you can instruct your HR department to perform an internal audit.

Why do HR audit?

The purpose of an HR Audit is to recognize strengths and identify any needs for improvement in the human resources function. A properly executed Audit will reveal problem areas and provide recommendations and suggestions for the remedy of these problems.

How long does an HR audit take?

A basic audit takes about one month, and the implementation of the recommended actions could take as long as three months.

What do you do in HR audit?

HR Audit Checklist

• Employee Records. The first thing is to check the working of your Human Resource Information System (HRIS).
• Employee Handbook.
• Hiring & Onboarding Process.
• Compensation.
• Performance Evaluations.
• Benefits.
• Training.

What are the issues in HR audit?

Legal Issues With HR Audits

• Employment Applications. An HR audit might reveal legal issues concerning the company’s recruitment and selection process — specifically, the type of employment application the company uses.
• Affirmative Action Compliance.
• Required Postings.
• Workplace Issues.
• Privacy.

How many levels of HR audit are there?

Based on purpose, HR audits can be classified as compliance audit, best practices audit, strategic audit and function specific audit. Compliance audits check for compliance of relevant laws and regulations. Best practices audit compares the company’s HR practices with companies following best HR practices.

Why grievances should be redressed?

In fact, the grievance redress mechanism of an organization is the gauge to measure its efficiency and effectiveness as it provides important feedback on the working of the administration. 2.3 On the basis of the grievances received, Department identifies the problem areas in Government which are complaint-prone.

What HR documents do I need?

The Top 10 Most Important Human Resources Documents

1. I-9 Form. Federal law requires all active employees and designated former employees have an accurate I-9 Form on file.
2. OSHA Records.
3. Employee Handbook.
4. Job Description.
5. Timesheet.
6. Performance Appraisal.
7. Arbitration Agreement.
8. Confidentiality Agreement.