Top Policies You Need for Your Employees

employeesWhen you have a small team of employees, constituting an employee handbook may seem unnecessary. However, as your business grows and a number of employees exponentially increases, you will need a handbook that stipulates all the necessary policies that everyone in your company is bound to follow. You are not required by law to have a handbook, but having one will protect your business in big ways. It will also give your employees clarity and a reference point when they need to know how things are done.

An employee handbook is an important document that specifies your company policies, culture, and history for your current and future employees to follow. Important policies you should include in the policy include;

 

Onboarding on joining the team

One of the most important reasons to have a handbook is to spell out how new hires will be trained. You need to specify some basics that everyone should know before joining your company. There should be an employee clause, an equal employment opportunity statement, conflict and interest statement, confidentiality statement and other general details such as direction to offices, key contact information, team structure among others.

 

Standard of conduct

Every organization must have some form of boundaries. The standard of standard conduct should spell out the commandments for members of your team. This section covers issues such as the dress code, anti-discrimination policy, anti-harassment policy, substance-free workplace policy, taking disciplinary actions among others.

 

Office environment

policiesThis policy specifies how life is like being in an office. It explains how, when and where employees will be expected to get things done. In this policy, you will want to include things such as the working hours, any work-from-home policies, lunch and break periods, how to keep workplaces safe, how you will handle employees with a disability at the workplace, use of common equipment, among others.

 

Communication policy

The communication policy spells out how members and team interact with each other. It also spells out how members interact with customers, vendors and other partners. Some of the issues to be included in a communication policy may seem like common sense, but it will be very important to have them spelled out in writing for future references. Channels of communication such as emails and social media are also spelled out.

 

Compensation and performance review

This is a very important policy in an organization. In compensation and performance review policy, you look at issues such as the payroll schedule, paycheck deductions, job classification details, salary and bonuses, performance reviews, promotion and transfers, travel and expense policies among others.

 

Benefits

The benefits policy is equally as important as the compensation and performance review. In this policy, you list out the perks that you offer to your team as well as matching up with the values that your business celebrates. You should offer a guide that spells out who is eligible for such benefits. Such benefits range in the areas of health, retirement plans, paid time off, parental leave, sick leave, jury leave among others.

 

 

Common Legal Issues Faced By Business

licensesWhen you decide to run a business, the world gets a bit more complicated. You will find yourself engulfed in a lot of legal tussles and decisions to make, that may make or break your business. You will also be faced with a lot of legal inconveniences that may have some unfortunate side effects. Here are common issues you must be prepared to handle, once you decide to enter into the world of business.

 

Licenses

Licenses are one of the major legal issues you will face in your business. You need to ensure that you have all licenses in accordance to the requirements of your local government. If you decide to operate businesses without licenses, you will likely find yourself facing unnecessary fines and fees. The cost of various business licenses you will need will vary depending on where you are operating as well as the business you are involved in.

 

Trademarks

Trademark is also another important issue that small businesses normally face. You need to do a lot of research ahead of renaming or naming your business or even launching a new product or service. You need to ensure that you do not infringe on a trademark that is owned by another business. Infringing on another company’s trademark may cost you lot of legal fees and you need to be sure you avoid such.

 

Employee termination

Employee termination happens to many businesses. You may hire someone whom you thought to be well qualified, but soon or later realize you are losing money by keeping them around. Additionally, you might find that they don’t fit well with the rest of the team. They may be affecting the morale and productivity of the entire team. Because you can decide to terminate them, first you have to consider all legal repercussions. You need to spell out any disciplinary actions involving such persons.

Shareholders’ agreements

In the event that your business has more than one shareholder, an agreement will be strongly required. A day may come when the business is split up or even sold. In case there was no prior agreement, legal battles may arise and this can greatly affect the business. Even if the current shareholders are in their best terms, uncertainties may happen to make things sour up. Other legal issues you need to be prepared to handle include; overtime disputes, misclassification, and litigiousness. You should also be prepared to adhere to all tax policies.