Bangladesh Bank Training Academy Journal

Abstract

Human Resource (HR) Audit is a mean by which an organization can measure where it currently stands and determine what it has to accomplish to improve its human resources function. The basic goal of an HR audit is to find out the HR interventions that will enhance the firm’s competitive advantage. It also ensures the compliance of the HR department with the goals, plan and policies of the organization. HR audit helps to determine not only the efficiency of the HR policies and practices but also to reduce their cost to the organization. The study aims to identify the current status and the readiness of banks regarding introduction of HR audit in the banking sector of Bangladesh. The study concludes that HR audit can be introduced in the banking sector of Bangladesh for effective formulation of banks’ HR strategies and to achieve superior use of HR.