HR Policy and Procedure Review
Operating a business without current HR policies and procedures is essentially saying to employees that you are not interested in creating a framework that shows them how to be successful in their jobs. The importance of HR policies cannot be overstated — they are critical for sustaining a viable business and for giving employees the guidelines they need to feel confident they are working for a purposeful, principled organization. As a general rule, every policy should be reviewed every one to three years. However most experts recommend reviewing policies annually. Outdated policies can leave your organization at risk. Old policies may fail to comply with new laws and regulations. They may not address new systems or technology, which can result in inconsistent practices. Regularly reviewing policies and procedures keeps your organization up to date with regulations, technology, and industry best practices.
It is crucial to have policies and procedures because they set expectations, keep management accountable, ensure compliance with the law, help defend against employee claims and let employees know where to turn for help. Making sure all these policies and procedures are up to date are crucial for the success of the business and are done for a number of reasons for organizational changes, changes to laws and regulations, incident or policy violations, making sure policy and procedures are being implemented properly and is currently relevant.
The five most import human resource policies an organization should have in place and always keep updated once a year is your handbook policies, recruiting and hiring policies, termination policies, disciplinary and safety policies. Not updating any one of these policies could open your company up to various liabilities and risks.