Effective Business Management Practices Essay

688 Words3 Pages
INTRODUCTION Personnel policies are directives in terms of policies, which the company formulates to effectively manage its workers. Ideally, the policy outlines the relationship between the employer and the employee. The rules, requirements and other benefits, which the workers accrue, depict the firms’ values and goals in business. A non- profit making business is one such value. The policies will stipulate the hours of work, vacations, and breaks during working time and most importantly, the amount of money the worker is entitled to per annum. The chain of command is a feature too. The personnel policies will cater for the safety and well-being of the worker therefore improving the productivity. An example of personnel policy will…show more content…
Follow ups afterwards help in making sure that the workers are in tandem to the objectives of the company. Employee benefits and compensation is a very sensitive part of the policy. It should outline the entitled salary of each employee. This should be in accordance with the laws governing the allocation of salaries. It should also include health and insurance, holidays, vacation time, sick and personal leaves not forgetting salary increments and retirement and layoff schemes. In cases where there are overtime, probationary periods and deductions are made in the salary that should also be well defined in the policy. Discipline is a key to success. The policy should put across for example, how many times a worker will be pardoned before corrective measures are taken. In all cases, the discipline should be progressive. Communication should be two way such that the employees also get a chance to share their grievances. A suggestion boxes among other means can serve the purpose. It is no doubt that it becomes necessary to fire an employee sometimes. This is easier when the stipulated guidelines give a clear and discrete way of handling the matter. Accompanied by an exit interview, it will help in reviewing the companies’ system of work. Committed and hardworking staffs are not easy to find. This necessitates the need to handle them with caution. Nurturing and growing their talent is one of the methods which will go a long way to make sure
Open Document