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Mitigate Merger Risk -
Productivity and Cost Savings Achieved Through an HR Audit
An HR Audit can dramatically improve not only your human resources function, but also your bottom line. For example, we assisted one of our FORTUNE 500 clients in reducing its annual cost of handling employment and labor matters by nearly 65 percent by improving their efficiency and reducing their risk of costly litigation.
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Practice Strengths
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Problem: One of our FORTUNE 500 clients had spent several years acquiring a number of smaller companies as part of its corporate growth strategy. Throughout this process, the human resources functions of these acquired companies had not been integrated into those of the client.
Baker Hostetler proposed a solution.
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Solution: A team of Baker Hostetler employment lawyers designed a customized HR Audit that involved interviews with the company's HR professionals across the country to assess employment, labor, wage and hour, benefit and safety practices. We found that there was no uniformity in employment forms, policies or procedures and these inconsistencies affected the morale of employees who were transferred to other business units or locations within the company.
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Result: We developed best practice solutions and worked with the head of HR, the legal department and senior management to develop consistent policies and procedures that best fit its corporate culture. We created new employee handbooks and HR training procedures for use throughout the organization. Additionally, we recommended that the company's legal department sign off on any terminations.
These changes helped our client reduce its annual cost of handling employment and labor matters by nearly 65%—while dramatically improving efficiency and reducing future litigation risk.
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