Best Practice Policy

What is Best Practice Policy ?

‘Best Practice Policy’ is a set of guidelines that implements the best practices for any process undertaken by the company. The policy might be drafted either by the company directly or by a regulatory body to standardise the best practices.

These guidelines help in fair trade for everyone while also making sure that no company is taking undue advantage of the assets they possess to profit unethically.

This kind of best practices policy will help in the long term by making the company work most efficiently and it also helps the customer by making sure that the products meet the specified quality prescribed by these practices.

More HR Terms


What is Compliance?   ‘Compliance’ refers to the act of adhering to a set of well-defined protocols. In the field of HR, compliance is mostly


What is Appraisal?   Appraisal at work is also known as performance appraisal or performance assessment of the employees. It is a systematic methodology or


What is Onboarding?   Employee onboarding refers to the series of activities and procedures that an organization implements to integrate and welcome a new hire

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