Human Resource (HR) Policies are continuing guidelines on the approach of which an organization intends to adopt in managing its people. They set out specific guidelines for HR managers on various matters concerning employment and state the intent of the organization on different aspects of Human Resource Management such as recruitment, promotion, compensation & benefits, training & career development etc. They, therefore, serve as a reference point when human resources management practices are being developed or when decisions are being made about an organization's workforce.
A good HR policy provides generalized guidance on the approach adopted by the organization, and an HR procedure spells out precisely what action should be taken in line with the policies.
Each organization has a different set of circumstances and needs tailor-made and an individual set of Human Resource Policies that dictate the content of their policies relevant to its local and global presence.