Some examples of organizational policies include staff recruitment, conflict resolution processes, employees’ code of conduct, internal and external relationships, confidentiality, community resource index (CRI), compensation, safety and security, and ethics. Other policies may include employee relations and benefits; organizational and employee development; information, communication and technology issues; and corporate social responsibility, according to the New South Wales Department of Education and Training.Know More
Organizational policies are guidelines that outline and guide actions within an business or agency. The exact types of policies will vary depending on the nature of the organization. and can include policies such as directions, laws, principles, rules or regulations. According to the New South Wales Department of Education and Training, the two main sources of organizational policies are external laws or guidelines that are issued by administrative authorities, and those issued by the organization itself. Policies originating within an organization are often influenced by the external guidelines such as Acts of Parliament.
Each organization should design specific policies that address specific needs. Lack of good policies can cause operational, legal and ethical problems within an organization. For example, the absence of a good staff recruitment policy that addresses equal opportunity employment could lead to legal issues with the regulatory authorities for a firm.Learn more about Business Resources
Financial controls are the policies and procedures put into place by a business or organization to track, manage and report its financial resources and transactions. Financial controls include, but are not limited to, income statements, cash flow statements, budget sheets, accounting systems and operating ratios.Full Answer >
Workman's compensation settlements are calculated by adding the costs of medical treatment, the percentage rating for bodily impairment, the estimate of future costs related to the accident, disability payments, if applicable, and legal costs, according to The Law Dictionary. Some settlements must account for the employer's possible denial of liability.Full Answer >
The average workers compensation settlement on a knee injury is $359,149 for a serious injury and $114,299 for a median injury as of 2011, according to Maryland law firm Miller and Zoix. Only 8 percent of injury verdicts were over $1,000,000.Full Answer >
Worker's compensation codes for all 50 states are available online at ClassCodes.net. The website includes the codes as well as a description of each. Insurance companies use worker's compensation class codes to identify particular types of work, according to Class Codes.Full Answer >