Company policies are guidelines that help employers deal with the health, safety and accountability of employees, as well as their interactions with customers or clients. Business policies can also be used as a guideline for federal or state regulatory requirements, legal issues and other situations that can lead to severe consequences for employees.
Why are company policies important?
Company policies put in writing what you expect from your employees. These may be related to performance, values or behavior. Additionally, company policies can serve as pre-warnings for employees, since they outline the consequences of failing to abide by the rules.
Company policies are important for a variety of other reasons, including:
- Setting expectations
- Keeping management accountable
- Ensuring compliance with the law
- Helping defend against legal claims
- Assisting with fair treatment of employees