Paper: 1  
                              Human Resource Management 
                              Module: 4                                                                       
                              Human Resource Policy 
                                 Principal Investigator              Prof. S P Bansal 
                                                                     Vice Chancellor 
                                                                     Maharaja Agrasen University, Baddi 
                                                                      
                                 Co-Principal Investigator          Prof YoginderVerma 
                                                                    Pro–Vice Chancellor 
                                                                    Central University of Himachal Pradesh. Kangra. H.P. 
                                                                    Prof. Dr. Rajeev Jain 
                                 Paper Coordinator                  Department of Commerce and Management Studies 
                                                                    University of Kota, Kota 
                                                                     
                                                                     
                                                                    Prof. Dr. Rajeev Jain 
                                 Content Writer                     Department of Commerce and Management Studies 
                                                                    University of Kota, Kota 
                                                                     
                                                                                                                
                             Items             Description of Module 
                             Subject Name      Management 
                             Paper Name        Human Resource Management 
                             Module Title      Human Resource Policy 
                             Module Id         Module No.4 
                             Pre- Requisites  Knowledge of human resource management 
                             Objectives        To have a knowledge of human resource policy  
                             Keywords          Human resource policy, programs, procedures, principles 
                                                      
                                                                                                              1 
                      
                      
                                          Human Resource Management 
            Management                    Human Resource Policy 
                      
                                                    QUADRANT-I 
                     Module 4: Human Resource Policy 
                      1.  Learning Outcome 
                      2.  Definition 
                      3.  Employee understanding on HR Policy 
                      4.  Benefits of policy 
                      5.  Specific Personal policies 
                      6.  Responsibility for policy making 
                      7.  Formulation of Human Resource Policy 
                      8.  Principles 
                      9.  Procedures 
                      10. Programs 
                      11. Summary 
                         
               1.  Learning Outcome:     
                   After completing this module the students will be able to: 
                         Understand the meaning and definition of human resource policy. 
                         Having the knowledge of the benefits of human resource policy. 
                         Content and source of HR policy. 
                         Differentiation of policy, procedure, principles and programs. 
                                                     
                   Source:https://heathrconsulting.com.au/wp-content/uploads/2015/11/HR-Policies-Image.jpg 
               2.  Definition  
                   A policy is a plan of action.  Organisations need to evolve HR policies as they ensure 
                   consistency and uniformity in treating people. Policies become benchmarks to compare and 
                   evaluate performance. They help motivate and build loyalty. A policy statement is very 
                   specific and commits the management to a definite course of action. 
                                                                                                  2 
                    
                    
                                     Human Resource Management 
           Management                Human Resource Policy 
                    
                                   Each company has a different set of circumstances and hence develops an individual set of 
                                   human resource policies. 
                                   HR policies provide an organisation with a mechanism to manage risk by staying up to date 
                                   with current trends in employment standards and legislation. The policies must be framed in 
                                   a manner that the company’s vision and HR department help the company to achieve it or 
                                   work towards it. 
                                                                                                             
                                   Source:https://image.slidesharecdn.com/whswk3powerpoint-131023232128-phpapp01/95/follow-policies-and-procedures-wk-
                                   3-powerpoint-1-638.jpg?cb=1382570533 
                             3.  Employee understanding on HR Policy 
                                   HR Policy should be clear with employee on following points: 
                                          3.1.  The nature of the organisation.  
                                          3.2.  What they should expect from the organisation? 
                                          3.3.  What the organisation expects of them? 
                                          3.4.  How policies and procedures work? 
                                          3.5.  What is acceptable and unacceptable behavior? 
                                          3.6.  The consequences of unacceptable behavior. 
                                                                                                                                                                                         3 
                                    
                                    
                                                                      Human Resource Management 
                    Management                                        Human Resource Policy 
                                    
                                                                                                                                                                                 
                                   Source:https://image.slidesharecdn.com/hr-141225230122-conversion-gate02/95/human-
                                   resource-management-policies-of-tcs-and-pantaloons-3-638.jpg?cb=1419548747 
                                   The establishment of policies helps organizations in proving that they meet the requirements 
                                   for diversity, ethics and training as well as its commitments in relation to regulation and 
                                   corporate governance. 
                                          For example: In order to dismiss an employee in accordance with employment law 
                                          regulations, it will be necessary to meet provisions within employment contracts and 
                                          collective bargaining agreements. The establishment of an HR policy which sets out 
                                          obligations, standards of behavior and document disciplinary procedures, is now the 
                                          standard approach in meeting these obligations. 
                                   HR policies are also helpful in supporting and building the organisation culture.  
                                          For example: Recruitment and retention policies outline the way the organisation values 
                                          a flexible workforce, compensation policies might support this by offering a 48/52 pay 
                                          option where employees can take an extra four weeks holidays per year and receive less 
                                          pay across the year. 
                                                                                                                                                                                         4 
                                    
                                    
                                                                      Human Resource Management 
                    Management                                        Human Resource Policy