My definition of a policy: a plan of action, adopted in advance, to guide future

by Caaltu · May 22, 2024

My definition of a policy: a plan of action, adopted in advance, to guide future thinking and actions. A policy is a statement that directs organizational employees in terms of how they are to deal with people and situations inside and outside the organization. Written policies provide direction and consistency in these areas. You may use this definition as a guide when completing this assignment.
STEP ONE
Make up a hypothetical company or use one that you are familiar with. Work out the specifics of your company, including:
• What is the business – Walmart
• What do you do, make, or service-
Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores in the United States, headquartered in Bentonville, Arkansas.
• Where is it located – Bentonville, Arkansas
• How many employees does it have? – approximately 2.1 million associates
• How long has it been in business? opened in 1962
• What is its rough market share (what percentage of the revenue of the entire industry does it make)?
o Walmart is the world’s largest retailer with $648 billion in global revenue for its fiscal year 2024* (up 6.03% year-over-year). 5,214 Walmart stores operate in the United States (and over 10,000 stores worldwide). Walmart’s share of the U.S. retail market is 8.59%.
• Who are your major competitors? Amazon, Target, Costco, Kroger
STEP TWO
Write ONE policy for your company that shows your commitment to working mothers and fathers. Answering the following questions should help:
1. How would you like your company to be flexible and accommodating to the employees?
2. How can you be innovative with hours, responsibilities, sharing, or expectations?
It is helpful to think of your company’s overall commitment to employees and their families’ needs.
Considerations for your policy:
• Start with an overall statement about your company’s commitment to families.
• Be clear about the purpose and scope of the policy: what does it cover and what does it not cover?
• Include statements about flexible work hours, telecommuting, and other ways the company can help parent workers balance work and family life.
• Picture the policy being put into place practically: What do you need to be very explicit about?
• Determine how can you avoid confusing and vague language.
You may research and use these examples of family-friendly policies if you need some help to get started.
• Job-share policy
• Flexible-hours policy
• Compressed work-module policy
• Seasonal-schedule policy
• Telecommuting policy
• Policy and procedure for childcare on-site
Note: Well-written workplace policies:
1. Are consistent with the values of the organization
2. Comply with employment and other associated legislation
3. Demonstrate that the organization is being operated in an efficient and businesslike manner
4. Ensure uniformity and consistency in decision-making and operational procedures
5. Add strength to the position of staff when possible legal actions arise
6. Foster stability and continuity
7. Maintain the direction of the organization even during periods of change
8. Provide the framework for business planning
9. Assist in assessing performance and establishing accountability
10. Clarify functions and responsibilities
The text (main body) of your policy will be at least two full pages in length. You may use examples, rules, and/or laws (such as the Family Medical Leave Act) to make your points