Policy is a set of basic principles
and connected guidelines, formulated and enforced by the central body of an
organization, to direct and limit its actions in pursuit of organizational
What are Policies
Policies are a type of: A governing tool A
Policies provide guidelines
and a framework for the organization. Policies should be formed with the consultation
of all relevant members/employees, discussion debate and shared experiences. Policy
is a fundamental tool of any organization and must be held in the shape of “Policy
Manual” which must be available to all sectors of the organization. Policies
should not be made and implemented to react to a current situation or challenge.
They should be formed and implemented proactively so that when a challenge
arises, they can be referred to for guidance. The governing bodyshould
formulate policy. Polices do not have to be lengthy, wordy documents –
sometimes a one paragraph statement is sufficient.
IMPORTANCE OF POLICIES
Policies are formed as a “directives”
for decision making. It should be subject to much consultation before
implementation. Policies act as a guideline for any organization and should be given
more importance. Policies can be of different types. For Example:
Complaints Procedure – How Complaints could be lodged?
Policy: How safety of the employees will be ensured.
Employment Policy: How employees will be
Management Policies: How firm’s finances will be provided, who will have the authority
to sign the cheques etc
Policy: termination of employment
of Interest Policy: for Board Members
and Racial Harassment Policies
make specific policies as per their requirements.