Pre-Sale Due Diligence
Sell your business without surprises. Buyers are paying at historically high fees for middle-market companies today, but they are paying close attention to what they are buying. Prospective buyers are paying close attention to the human resources department and its functions within the company. Shared Time Human Resources Management, Inc. provides a pre-sale due-diligence audit that identifies potential issues and recommends solutions to prevent them from interfering with the sale.
Due Diligence Audit
STHRM, Inc.’s audit process reviews your company's:
HR Policies and Procedures
Standard Operating Procedures
When a buyer finds these problems through its own due diligence process, the strength of the company’s management team is called into question. A missing employee handbook, or a badly out-of-date one, doesn’t reflect well upon the relationship between management and labor. Sloppy administration of performance reviews suggests that the company may not be getting the most out of its most important people. Non-compliance with government regulations can lead to significant fines, or in some cases, worse.
Shared Time Human Resources Management, Inc.'s process catches and fixes these issues before the sale process is initiated, leading to a better sale process and a better outcome for both buyer and seller.