Britannia Industries Ltd.

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Submitted by to the category Business and Industry on 07/27/2010 06:51 AM

EXECUTIVE SUMMARY

Human resource policies are systems of codified decisions, established by an organization, to support administrative personnel functions, performance management, employee relations and resource planning. Each company has a different set of circumstances, and so develops an individual set of human resource policies. Policy manuals are developed to help staff and management teams run the organization. In best use situations, policies play a strategic role in an organization. They are developed in light of the mission and objectives of the company and they become the media by which management’s plans, rules, intents, and business processes become documented and communicated to all staff. Carefully drafted and standardized policies and procedures save the company countless hours of management time. The consistent use and interpretation of such policies, in an evenhanded manner reduces management’s concern about legal issues becoming legal problems. HR policies allow an organization to be clear with employees on the nature of the organization, what they should expect from the organization, what the organization expects of them, how policies and procedures work, what is acceptable and unacceptable behavior, etc. HR policies provide an organization with a mechanism to manage risk by staying up to date with current trends in employment standards and legislation. The policies must be framed in a manner that the companies vision & the human resource helping the company to archive it or work towards it are at all levels benefited and at the same time not deviated from their main objective. Straight-forward, clear and concise HR policies and job descriptions are important for a number of reasons. Failing to implement policies and job descriptions leaves a company open to legal challenges, grievances and lawsuits. Grievances and lawsuits lead to increased costs that affect profits and attrition rate.

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Large companies have dated policies, procedures...

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