At BDO Estonia we offer comprehensive Payroll Audit and HR Due Diligence services designed to ensure accuracy, compliance, and efficiency across your organization's financial and human resource operations.
Payroll Audit - ensure accuracy and compliance in every paycheck
Managing payroll accurately is critical to maintaining employee trust and adhering to legal standards. Our Payroll Audit service provides a thorough examination of your payroll processes to identify and rectify any discrepancies or compliance issues.
Our Payroll Audit Includes:
- Comprehensive Compliance Check
- Verifying that all salary calculations align with current laws and regulations
- Ensuring proper calculation and deduction of taxes, social security contributions, and other statutory requirements.
- Accuracy Assessment
- Analyzing selected pay periods to confirm correct and timely payments to employees.
- Identifying and correcting errors in overtime, bonuses, and benefit calculations.
- Process Improvement Recommendations
- Providing actionable insights to streamline your payroll processes.
- Suggesting best practices to prevent future discrepancies and enhance operational efficiency.
- Minimize legal and financial risks associated with payroll inaccuracies.
- Boost employee satisfaction through timely and accurate payments.
- Enhance overall financial transparency and accountability.
HR Due Diligence - optimize your human capital for strategic advantage
Understanding and managing your human resources effectively is essential for sustainable growth and success, especially during mergers, acquisitions, or organizational restructuring. Our HR Due Diligence service offers an in-depth evaluation of your HR practices, policies, and systems.
Our HR Due Diligence Covers:
- Employee and Contract Review
- Assessing the accuracy and compliance of employment contracts, job titles, and roles.
- Evaluating workforce composition and identifying potential gaps or redundancies.
- Compensation and Benefits Analysis
- Reviewing salary structures, bonus schemes, equity plans, and other benefits for competitiveness and fairness.
- Ensuring all compensation policies meet legal standards and align with industry best practices.
- Compliance and Legal Risk Assessment
- Identifying potential labor law violations and existing or future legal disputes.
- Evaluating adherence to employee rights related to leave policies, workplace safety, and anti-discrimination laws.
- HR Processes and Systems Evaluation
- Analyzing recruitment, onboarding, training, performance management, and retention strategies.
- Recommending improvements to enhance employee engagement and productivity.
- Organizational Culture and Leadership Alignment
- Assessing the current workplace culture and leadership effectiveness.
- Providing insights on aligning HR practices with organizational goals and values.
- Customized Focus Areas
- Tailoring the audit scope based on specific client needs and strategic objectives.
- Identify and mitigate HR-related risks before they impact your business.
- Improve operational efficiency and employee satisfaction through optimized HR practices.
- Gain valuable insights for informed decision-making during strategic transitions.
- Strengthen your organization's reputation as a compliant and employee-centric employer.
The outcome of HR Due Diligence provides a comprehensive overview of the company's human resources situation and helps in making informed decisions. HR DD improves the company's condition, partnership risks and opportunities, and daily internal culture, while also offering a valuable overview if a merger or acquisition is planned. The result is a report that includes a summary of identified deficiencies and recommendations for their correction.
Why Choose BDO in Estonia
- Expertise: Our team comprises seasoned professionals with extensive experience in payroll management and human resources across various industries.
- Customized Solutions: We tailor our services to meet your unique business needs and objectives.
- Confidentiality and Integrity: We uphold the highest standards of confidentiality and ethical practices in all our engagements.
- Actionable Insights: We provide clear, concise reports with practical recommendations to drive immediate improvements.
Take the Next Step Towards Operational Excellence
Ensure your organization's payroll and HR practices are not just compliant but also strategically aligned for success. Contact us today to schedule a consultation and discover how our Payroll Audit and HR Due Diligence services can add value to your business.