Meaning

 A policy is a predetermined course of action to guide the performance of work towards accepted objectives.
 HR policies lay down the criteria for decision making in the field of HRM.


Features

 Based on objectives
 Long lasting
 Standing plans
 Guides in decision making
 Formulation and approval


Types of HR Policies

1. Originated policies
2. Appealed policies
3. Imposed policies
4. General policies
5. Specific policies
6. Written or Implicit policies


Need of HR Policies

1. Clear thinking
2. Uniformity and consistency of administration
3. Continuity and stability
4. Delegation of authority
5. Control
6. Prompt decision making
7. Teamwork



Limitations of H R policy

 Less flexibility
 High cost for formulation
 High time in formulation
 High energy in formulation
 It can not cover all the problems
 It can not change before certain time