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HR POLICY

According to a definition “HR Policies are formal rules and procedures that dictate how certain matters should be addressed in the workplace including employee rights and duties. HR Policies are tied to employment law. To avoid noncompliance and penalties from the government, employer must adhere to HR policies.

HR policies of companies can be defined as a collection of the company’s policies that lay down a strategy for developing, communicating, and enforcing a set of practices that reflect the company’s standards of acceptable behavior.

HR policies of a company define the process through which an employer and employee(s) together can achieve the company’s goals. The HR policies for a company must be drafted in accordance with the company’s objectives and work ethics, with the assistance of an employment and labor lawyer.

NEED FOR HR POLICY

HR Policies are basically a course of action embraced by a business Purpose solved by HR policies.

  1. They are one of the means of communication between the employer and Employee.
  2. Conveys various guidelines which are to be followed within the company.
  3. Create benchmark to treat all employees equally and fairly.
  4. Help senior management towards better decision making.
  5. Make work process more transparent.
  6. Prevent misunderstanding which can arise between the employer and employee.
  7. Business with policies in place succeeds in the long run than the ones who do not have any policy in place.
  8. HR Policies when placed well result in risk reduction.
  9. HR Policies gives a strategic direction to the company.
  10. It makes employees more productive.
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