(17)Discuss risks and relevant control objectives for Human Resources?
Answer:
Typical stage of HR cycle includes the following:
(1)Recruiting and On-boarding:
- Recruiting is the process of hiring a new employee.
- This might include placing the job ads, selecting candidates whose resumes look promising, conducting employment interviews and other relevant actions.
- Orientation is the process by which the employee becomes familiar with company processes and roles and responsibilities.
- Career planning is the stage at which the employee and her supervisors work out her long-term career goals with the company.
- Career development includes professional growth and training to prepare the employee for more responsible positions with the company.
- In case of termination or retirement, the role of HR in this process is to manage the transition by ensuring that all policies and procedures are followed.
Following are
risks and control objective for Human Resources process:
