Innovate
After you’ve finished reviewing your current policies, and you’ve identified where amendments or new additions are required, it’s time to take action!
It goes without saying that if you have identified adjustments which need to be made to comply with legislative requirements – these need to take place as a bare minimum.
But, the real excitement begins when you start to innovate.
- Can you make changes to existing policies to improve your processes, employee experiences, enhance your culture, increase your ability to attract talent and retain highly motivated employees?
- Are there brand new policies which you can implement which will have a profound impact on your employees and really enhance your position as an employer of choice?
If you aren’t sure where to start, research is your friend. There are plenty of articles online about what other organisations have been doing by way of innovation in this space, such as this blog by PeopleHum which includes examples of stock bonus policies, flexible leave policies (unlimited annual leave and parental leave), performance driven rewards policies and annual ‘pay out’ policies and more.
Ask your peers, friends and family to see what HR policies exist in their businesses.
Is there something special and unique that you could adopt which hasn’t been done anywhere else yet?
You may think your ability to innovate is linked to your company size, the nature of your business and available budget and resource. However, when it comes to attracting and retaining employees, don’t be too concerned about your inability to include more generous financial perks or benefits via your policies. More than ever employees are taking a far more balanced view of what their workplaces have to offer them, and are motivated by ‘meaningful commitments’ more than just remuneration and benefits. Think about your approaches to sustainability, charitable giving, flexible working, development and enhanced leave. These are all key areas which can be powerful attraction, engagement and retention levers that can be reflected in your HR policies.
If you need support with reviewing your policies, and aren’t sure how to get the balance right between satisfying your employees and protecting your business both financially and legally, The Curve Group can help you. We can facilitate focus groups to discuss how to move forward, conduct employee surveys on your behalf, look at your data and MI, analyse what your competitors are offering, and we can conduct a full HR Policy Audit for you, identifying gaps and errors in current policies.
We can also step into complete the revisions on your HR policies or even create new ones for you, whilst ensuring alignment of any amends or new additions with your employee handbook and employee contracts
We are ready to help when you need it.