Policy and procedures are in place to define the norms of behaviour inside an organisation and to outline the duties of both workers and employers. Workers' rights as well as employers' commercial interests are protected by company policies and procedures.
Various policies and procedures provide regulations for employee behaviour, attendance, dress code, privacy, and other areas connected to the terms and circumstances of employment, depending on the needs of the business.
Your business may be experiencing rapid growth now and you are now thinking of which company policies to incorporate now that your business has taken on more employees.
In today’s blog, we will define the term and discuss the importance of company policies, and also present some policies that you can begin to incorporate so that you can begin to establish a stronger corporate culture.
What is a Company Policy?
A company policy is a collection of rules that employers and workers must follow in order to follow the established processes. It is a collection of regulations intended to protect the employer's commercial interests as well as the rights of employees. The structure of the firm is used to create a Company Policy.
It's used to manage things like company culture, dress code, health, safety, communication, personal mobile phones, tea and lunch breaks, smoking rules, harassment policies, internet policies, client communication, employee accountability, warnings, leaves, attendance, timing, security, poor performance, dishonesty, salary information, expenses, and so on.
Employees should be given a copy of the company policies during their first day on the job, at employee orientation to ensure that each employee understands the rules and regulations at your company.
What company policies should I incorporate into my business?
As aforementioned, it's critical to record a company's policies and processes as it starts to grow.
Having a comprehensive set of corporate rules in place ensures that both employers and workers are aware of their rights and responsibilities, as well as ensures that best practices and compliance requirements are met.
With this in mind, we'll go over some of the most common and essential company policies you will need to include in your company:
Health and Safety Policy
A workplace health and safety policy is a written declaration that outlines how an employer guarantees that the workplace is a safe place to work.
This involves providing a safe work environment, safe access to work, safe work systems, safety equipment, safe and competent coworkers, and injury prevention.
Disciplinary and Grievance Policy
A disciplinary action policy establishes and standardises methods for dealing with situations that go against company policy. Progressive discipline, retraining and performance improvement plans (PIP), and reassignment or suspension are the three basic forms of disciplinary action policies.
Equal Opportunities Policy
Equal opportunity laws are policies that ensure that employees are treated fairly in the workplace. To encourage unprejudiced behaviour in the workplace, most businesses employ equal opportunity rules, such as anti-discrimination and affirmative action laws.
These rules prohibit workers, managers, and independent contractors from behaving inappropriately in the workplace because of another person's colour, gender, sexual orientation, or religious and cultural views.
Attendance and Time-Off Policy
Employee adherence to work schedules is governed by attendance policies, which provide standards and criteria. Employees' ability to arrange time off or alert superiors of an absence or late arrival is governed by attendance regulations. This guideline also outlines the ramifications of failing to stick to a schedule.
Employees who skip more days than the firm permits will risk disciplinary action, according to the attendance policy.
Policies and procedures indicate a company's competency and give employees with clear rules on how to do business. It also puts out all of your company's professional procedures and processes for consumers to observe, providing them with a better understanding of what you do. Policies demonstrate that the firm is under control and steady, giving employees and the wider public confidence.
We highly suggest you use this opportunity to display your leadership abilities by developing and defining these company rules in order to promote a healthier and stronger corporate culture that will benefit both your business and your staff.
Here at Persona Finance, we understand the difficulties of running a business during such uncertain times, and we aim to simplify your business needs by providing your business with the most essential remote accounting services. For more information on our services, please contact us at [enquiries@personafinance.co.uk].
