Measuring the efficiency of HR system through HR audit in Kochi refineries Ltd
Mufliha S, Nisamudheen T
Human resource is the most important asset of an organization, which helps in achieving the competitive advantage. Success of an organization depends upon the quality of human resources. Human resource audit supports an organization to review and critically analyze the effective performance of employees and human resource functions. A human resource audit is a methodical process that aims to investigate the underlying policies, strategies, systems, techniques, documents, functions, and practices of an organization with respect to its human resource management. Thus this study analyzes the efficiency of Human Resource Systems of Kochi Refineries Ltd through HR Audit and assessed the impact of HR Audit in Kochi Refineries Ltd. For the purpose of the study, data were collected among the 250 employees of Kochi Refineries Ltd targeted at the staff of human resource department, accounting section and audit control department. Hence the study identifies the efficiency of HR system through Radar Graph with the respective Mean values and tested the impact of HR Audit on HR Effectiveness, HR Cost, HR Motivation, HR Development, HR Competency with the help of Structural Equation Modelling. Thus the study found that conducting the HR Audit would enrich the organizational effectiveness through the improvement in the HR systems of Kochi Refineries Ltd.