Company policy meaning is a policy that is in place to create the standards of behavior inside a company, defining both workers’ and employers’ duties. The goal of corporate policy and procedure management is to preserve both workers’ rights and employers’ commercial interests. Different policies and practices define standards for employee behavior, punctuality, attire, privacy, and other areas connected to the terms and circumstances of work, adapted to the needs of the business.
Here are some company policies –
Code of conduct, terms of employment contract, wages, bonus, leave policies are some of the basic policies of any organization.
Here are some of the steps an organization can follow while making a certain policy:
Step 1: Identify the Need for a Policy
Step 2: Determine Policy Content
Step 3: Obtain Stakeholder Support
Step 4: Communicate with Employees
Step 5: Update and Revise the Policy
HR policies are formal rules and regulations that helps to define how certain matters are dealt in organization.
Get 20% off on
HR & Payroll Software