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@147 CHAP ZZ
PERSONNEL POLICIES SUMMARY
> FOR: @NAME
> [Enter subtitle, company name, etc. here]
> ____________________________________________________
1. WORKING HOURS. Describe briefly the policy you will set
for working hours, including starting time, how much time
will be allowed for lunch, knocking-off time, and which
days of the week employees will be expected to work. If,
like many companies these days, you want to adopt some
kind of "flex-time" system, spell out how that will work.
> ____________________________________________________
> ____________________________________________________
> ____________________________________________________
> ____________________________________________________
>
2. OVERTIME. Outline your company policy on overtime work.
Refer to the "Legal Matters" submenu of this program or
to Sections 11.5 and 5.7 of the "STARTING & OPERATING A
BUSINESS" book for your state for an outline of the state
and federal labor law requirements for paying overtime
premiums. Points to consider here will include:
(a) Whether you will pay "exempt" (administrative or
professional) employees overtime if they work
extra hours, and
(b) Whether you will require employees to first ob-
tain permission before working overtime.
>
> ____________________________________________________
> ____________________________________________________
> ____________________________________________________
>
3. COMPENSATION. Make a list of the job positions in your
company other than your own, and the compensation level
for each. Also write out a specific job description for
each position where indicated below in this worksheet (by
inserting as many additional new lines as you need), out-
lining duties and responsibilities for each job position.
Total
Position Wage Salary Monthly Pay
> ____________________ ______ ______ ________
> ____________________ ______ ______ ________
> ____________________ ______ ______ ________
> ____________________ ______ ______ ________
> ____________________ ______ ______ ________
>
4. VACATION POLICY. Describe how much paid vacation your
employees will have, how this may increase after a cer-
tain number of years of service and whether vacation time
and sick leave time off will be combined into a single
category for employees as some companies now do to reward
employees who do not abuse sick leave, and to discourage
others from using sick leave as additional vacation by
playing "hooky." Will you pay employees who terminate for
unused vacation? (The laws of many states require you to
do so.)
>
> ____________________________________________________
> ____________________________________________________
> ____________________________________________________
>
5. SICK LEAVE POLICY. Outline your policy for both paid sick
leave and unpaid sick leave, or whichever you choose to
provide, if not both. (Note: Sick pay is no longer exempt
from FICA tax, in general.)
>
> ____________________________________________________
> ____________________________________________________
> ____________________________________________________
>
6. LEAVES OF ABSENCE. What will your policy be towards em-
ployees who request unpaid leaves of absence?
>
> ____________________________________________________
> ____________________________________________________
> ____________________________________________________
>
7. TIME OFF WITH PAY. Will you provide other time off with
pay for such eventualities as funerals or emergencies in
an employee's immediate family? Jury duty? The birth of
a child?
>
> ____________________________________________________
> ____________________________________________________
> ____________________________________________________
>
8. PROMOTIONS AND EVALUATIONS. Outline your firm policy for
evaluating employees' performance and determining when
promotions will be made.
>
> ____________________________________________________
> ____________________________________________________
> ____________________________________________________
>
9. FRINGE BENEFITS. Consider which of the following employee
fringe benefits you will provide and indicate in specific
terms just what your policy will be for each that is to
be provided.
> (a) Medical Insurance. _____________________________
> ____________________________________________________
> (b) Long-term Disability Insurance. ________________
> ____________________________________________________
> (c) Life Insurance. ________________________________
> ____________________________________________________
> (d) Dental Insurance. ______________________________
> ____________________________________________________
> (e) Medical Expense Reimbursement. _________________
> ____________________________________________________
> (f) Child Care Benefits. ___________________________
> ____________________________________________________
> (g) Maternity Benefits. ____________________________
> ____________________________________________________
> (h) Pension or Profit Sharing Plans. _______________
> ____________________________________________________
> (i) Paid Holidays. _________________________________
> ____________________________________________________
> (j) Autos or Auto Allowances. ______________________
> ____________________________________________________
> (k) Expense Accounts. ______________________________
> ____________________________________________________
> (l) Employee Discounts on Purchases. _______________
> ____________________________________________________
> (m) Stock Options (if incorporated). _______________
> ____________________________________________________
> (n) Incentive Bonus Plan. __________________________
> ____________________________________________________
> (o) Other Fringe Benefits (describe). ______________
> ____________________________________________________
10. PLACEMENT FEES. If you hire employees through a person-
nel agency or "headhunting" firm, will you pay the place-
ment fee charged by such agency?
>
> ____________________________________________________
> ____________________________________________________
> ____________________________________________________
>
--END OF CHECKLIST--