Policies and procedures play a very important role by defining an organization's guiding principles, providing detailed task instructions and forming the basic structure of business operations, according to the Global Post. Task procedures are designed following the framework of the governing policies.Know More
The KCG Consultant Group states that an organization's policies are the operational foundation for all its business processes. Clear policies define the business protocol and ensure that all employees operate according to a consistent prearranged formula. The Global Post notes that the scope of written policies includes language to cover legal issues that may arise due to the nature of the business, employee health and welfare, especially in hazardous operational conditions, and/or ethical concerns that may put the organization or the employee in a position of conflict.
Procedures document the who, what, when and how of task performance, according to the KCG Consultant Group. An individual procedure for a single task defines who is responsible for completion of the task, what steps are involved in the process, when each step is undertaken and how the progression of steps is performed to complete the procedure. The procedures manual, a collection of individual task procedures, forms the basic guiding document for the consistent completion of core responsibilities.Learn more about Managing a Business
Company policies are important to ensure that all employees understand what is expected of them and what they can expect from the company. Many aspects of the company are explained in the company policies, including position guidelines, legal and ethical protection, and safety guidelines.Full Answer >
Compensation and benefits are two of the best tools for companies to recruit and retain quality employees. Enticing benefits and compensation also help existing employees stay motivated to excel each day at work.Full Answer >
The primary importance of the hydrosphere is that it contains water, which sustains a variety of life forms and plays an important role in regulating the atmosphere and surrounding ecosystems. The hydrosphere includes all water located on the surface of the Earth. It contains freshwater, saltwater and frozen water as well, including groundwater and water in the lower levels of the atmosphere.Full Answer >
Inventory management helps make a business more profitable by reducing the cost of goods sold and increasing the sales. It helps increase speed, accuracy, accountability and mobility in all the operations and processes within a business. Both small and large business can benefit from inventory management by boosting efficiency in the supply chain and reducing costs and waste.Full Answer >