Human Capital Audits – Why they are necessary and why they are set to be a big trend in 2023

There is a common trend growing in the employment market, we are beginning to see a shift back from an employee driven market to a driven employer market for the first time since the pandemic ended and with it the likely end of the recent ‘great resignation’.

What does this mean for you and your business?

1.      It’s time to take stock

As an employer you are now likely to have a settled core team, how is the return to business as usual working for your organisation, are you where you thought you’d be 12-months ago?

2.      It’s time to put learning into practice

Everyone has been through a seismic shift in the last 2-and-a-half years, what has this taught you about your business, what lessons were learned and how have you adapted to survive (and grow!)?

3.      Think about the future

Now is a great time to dust off the 5-year business plan and start again, where do you want to be in the next 12-months, 3 years, 5 years, what do you need to achieve it and how do you start on the journey to get there?

Where is the best place to start? – A Human Capital Audit!

A Human Capital Audit will help you understand what is working well within your organisation as well as identifying key areas where you need to make improvements. It will help you understand your resources better and determine;

–        Skills you already have in house and how to utilise them better

–        Skill gaps in your organisation and how to resolve them

–        Support understanding of the overall abilities you need to function as a successful unit

A successful Human Capital Audit will lay the foundations for future success of organisational functions.

At Turning Point HR,we can undertake this for you. We are here to support you and your organisation both now and in the long term. To find out more contact us.