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What are company policies? Definition and Examples

Just as all companies have different ways of doing things, of carrying out day-to-day activities. And of different management, they also have what is known as “ company policies ”. Defining them is essential for the optimal functioning of the company. Without some “rules of the game”, no company could be organized correctly.

Definition of company policies

company policies examples

The concept of business policies can be very broad and sometimes complex to understand, however, we can say that policies are nothing more than the principles that a company agrees to comply with. Basic rules and guidelines on proper behavior and procedure are expected of all your employees. A kind of declaration of principles, to mark the bases and foundations by which the company must be governed, in addition to establishing guidelines on how the company’s documents will be developed (manuals, reports, or any type of operation reflected in a corporate document).

In this way, if the importance of ‘compliance with the law‘ is indicated in the company’s policies, the rest of the documents that are carried out must highlight that this is carried out and that they do not in any way breach the main principle established by the company.

Company policies, once adopted, become behavioral guidelines that are never negotiated and that are mandatory. In most cases, they must comply with specific legal requirements, such as those concerning, for example, the rights of workers or their privacy. And they must be documented and included in the company’s Comprehensive Management Manual. Likewise, copies of the same must be distributed to all employees, so that each one of them is aware of what is expected by the company.

A good statement of principles, that is, company policies, always avoids misunderstandings and helps the entire organizational structure of the company work as expected.

Examples of company policies

Knowing what they are, one wonders: What are the policies of a company? Or what is the same, what is and what is not a company policy? To resolve these issues, and being aware that the nature of the business and the philosophy by which management is governed are key, let’s see some examples of business policies:

  • Commitment to compliance with legal regulations. This principle is essential in any statement of company policies, it is the most formal level of the regulation. If the company does not dictate this command from the beginning, it will be difficult to comply with the rest of the policies and, as a consequence, it will lead to mistakes and malfunctions that will cause the deterioration of the normal order of the company.
  • The correct execution of the activities. The company must let all its personnel know that any activity concerning the company will be executed through objective processes and procedures, previously marked by it.
  • Dresscode. There are companies that require their employees to dress in a certain way during their working hours and whenever they represent the company. In an office, for example, workers may have to dress in appropriate work clothes to favor the work environment, while in tasks that require attention to the public they usually have to wear a uniform that promotes and promotes the image of the company.
  • Carry out another job. The company may prohibit any of its employees from working for the competitor and may have them sign a non-compete agreement that prevents them from doing business or disclosing confidential information.
  • Telecommuting Policy. The company designs a series of specific guidelines and regulations that regulate the remote work of its employees.

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