Overview Numerous external forces and factors have an impact on the purpose, scope, and demand for HR audits . First, in the global economy, human capital has become for many organizations the single most important determinant of competitiveness, productivity, sustainability, and profitability. Increasingly, the organization?s human capital is the source of innovation and a driver of business success. Second, a confluence of economic, political, and social factors, including stockholder, plaintiffs, and third party initiatives, have resulted in increased statutory and regulatory requirements, the call for greater transparency, and increased internal and external audit activity. Third, governmental agencies have become more active ? some would argue more aggressive ? and have committed increasing resources to conducting assessments of employment policies and practices. Importantly, the EEOC, the OFCCP, U.S. DOL, and ICE have advised employers that they consider self-assessme...
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