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THE BOOK OF COMPANY POLICIES<br />

5<br />

How to Use This Report<br />

This Special Report looks at individual company <strong>policies</strong>: both those that belong in the<br />

company manual, such as “Time Off,” and those that should be distributed only to<br />

your managers and supervisors, such as “Hiring” and “Independent Contractors.” For<br />

each, we discuss the key issues involved, including legal and regulatory concerns,<br />

along with policy considerations and alternatives for you to think about. In many cases,<br />

we also provide one or more <strong>sample</strong>s of actual company <strong>policies</strong> so that you can see<br />

how other companies are addressing the issue.<br />

Caution: The <strong>sample</strong> <strong>policies</strong> published in this report are presented as isolated examples<br />

designed to stimulate your thinking on each issue. They are not intended to be<br />

boilerplate <strong>policies</strong> that you should automatically photocopy for your company. When<br />

it comes to setting or revising your own policy, we advise you to think through your<br />

goals and the specific experience and needs of your organization. Then consult with a<br />

competent legal adviser before putting them in writing.<br />

If you already have written <strong>policies</strong>, we suggest that you review them against the<br />

guidelines in this report. If you don’t have <strong>policies</strong> set down, use these discussions as<br />

a basis for defining your views so that you can communicate them to your people. Ask<br />

yourself the following:<br />

• What do I want to accomplish<br />

• How will a policy help<br />

• How will having no policy hurt<br />

• Of what legal constraints—federal, state and local—must I be aware<br />

• Are there any special circumstances of which I need to be aware<br />

As you consider them, bear in mind two Webster’s definitions of the word “policy”:<br />

1. “Prudence or wisdom in the management of affairs”<br />

2. “A definite course or method of action selected from among<br />

alternatives and in light of given conditions to guide and<br />

determine present and future decisions”<br />

Written <strong>policies</strong> are not only prudent in today’s litigious environment. They also<br />

guide all the members of your organization in following the course of action you deem<br />

best for the good of your company. In short, you can’t afford not to have them.

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