What is Best Practice ?
‘Best Practice’ is a way of doing things in such a manner that the required output is generated in the most efficient way possible. For any practice to be deemed as ‘best practice’, it should provide better results compared to the alternatives while also being ethically sound and in compliance with all relevant regulations.
Usually, the best practices are defined by a regulatory body to standardize the process under consideration. However, they may also be developed by a company internally to develop the most efficient way to complete a task.
Best practices are a vital part of any HR task since it deals with the most important asset of the organisation – The employees. Hence, every decision the HR takes has to be considered whether it can be improved upon and discussed with the team before a final decision is taken.