HR HEALTH CHECK FOR ACQUISITION

Challenge

An investment business approached Cornerstone for assistance with the potential acquisition of a manufacturing and supply business. In undertaking HR due diligence, the client required assistance to assess the business’s human capital, as well as its HR policies and procedures, to successfully navigate through the complexities of the acquisition.

Action

Cornerstone assisted by conducting a comprehensive review of HR processes and documentation including employment contracts, agreements, job descriptions, policies, and procedures. Additionally, Cornerstone analysed remuneration, compensation, and benefits to better understand employment practices and potential liabilities. The review assessed adherence to relevant legislation and regulations to minimise non-compliance issues, and uncover any legal obligations related to employment such as incorrect classification of employees or miscalculations in overtime payments.

Outcome

By reviewing employment contracts, assessing HR policies and procedures, and examining compensation and benefits, Cornerstone provided the client with a comprehensive health checkup for the businesses human resources function. The review also assisted with identifying potential risks while providing valuable insights into the organisational culture of the acquisition.