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Tuesday, December 5, 2023

【#BusinessManagement】Mini-Sized Firms, How To Build Up Policies!20230122

#BusinessManagementMini-Sized FirmsHow To Build Up Policies!20230122


中文版請按這裡



 

All policies implementation related articles are under this categoryPolicyDesign Studio

























Hi. This is Emily from Taiwan, the author of

Whatsyouridea1996 blog.

If you are experts of policy design or other professional work fields, please be invited to share your professional knowledge here; please click to know the detail information, ExpertsSay. Thank you.


Let’s Get Started

Different from all other policy implementation articles in this blog describing policy design in points of view or angles of sizable companies that having 500 employees, this sharing is talking about how a mini-sized company could build up policies to manage its work environment, and, it also indicate those business activities in an office, and, it may not be applicable to stores management purpose, for example, a breakfast store; it majorly because there is less time for store clerks to view documents or written policies to follow when they are working, more than that, it needs to spend time in series of providing work training in order to make store clerks understanding more about internal work policies and follow accordingly. Please send message to me if you need some policy implementation suggestion for your store management. Regarding company size, how small is mini sized?! Eg.: just like clothes size, XS, its definition differs from suppliers to suppliers, and the XS to A supplier may be the S to B supplier. Hence, how do you define your company is mini sized, small or medium or big?!

- Company size definition=Mini: It is advised to utilized [the number of policy users] to define company size for policy design related discussion, it is also the number of employee a company has; and, it is because the [smaller] the company is, the [faster] and more [accuracy] the announced policies will be spread and understood with no misunderstanding even it is explained [orally]. All the policies related procedure, starting from boss’s work instruction till it is done or designing, discussing and the announcement, all will be completed immediately, right?!😊 Do you have other idea about this?!

In my point of view, a mini sized company, as described above, there are 20 or less employees working for it; however, if you would like to define the number as 5 or 30, there is nothing improper for your description but you need to adjust below sharing to fulfill your need of policies implementation in order to build up management rules more complete and helpful to the company. 😊

- The company size may have impact on the necessity of standardizing the format of policies or making it a written rule. Because, a company size may relate to its volume of business transactions. For example: Receipt Note (or Customer Payment Note), usually, it is the salesperson to do Accounts Receivables and Collections tracking with customers and to fill up this form to inform the company, Finance and Accounting Department, for its ensuring payment received and doing the settlement per customer name; when the company’s volume of business transactions are huge, it needs this kind of document most. Some says, we can predefine the billing number for auto settlement purpose, once the customers pay the amount, the computer system is able to the mapping and settlement by the number, and there won’t be manual account reconciliation., this description is true but it doesn’t mean salespersons’ work responsibility will disappear when it launch the company settlement system work function. More than that, if we compare this situation between a mini sized company and a company of more than 1,000 employees, we will find that a mini sized company may not consider to use this receipt note for their management because their business transactions are not many, their amount received and accounts receivables may have less difficulties to do mapping for settlement while the company which has more than 1,000 employees may take the receipt note as an indispensable document for accounting records settlement work due to their  volume of business transactions are a lot.

- Some key points of policy design for mini-sized companies: Completeness of Policy Design, Documents List and Announcements or Meeting Minutes, Prepayment by Employees(Petty Cash) Rule, Work Rule, Do Employees Need to Follow Work Instruction By Boss’s Relatives?.

(1)     Completeness of Policy Design: It is also advised to utilize Reference Resources to ensure the company has taken all required elements into consideration when developing management policies or mechanism.

(2)     Documents List and Announcements or Meeting Minutes for making understanding the management rule quickly: 






















This chart is just an example

 

Mini-sized companies could also refer to How to write/build? while building up policies, it contains 11 items in its format for standardizing the paragraph of contents; however, in my working experience with mini-sized companies, in [role and responsibility] and [level of authorization], it showed these companies  tended to define Accounting Department to be responsible for the role of internal documents builder due to their business size are smaller and not many work departments, it was also because their work level are simplified, it centralized its own approvers role to some specific managers, more than that, in some work environments, all need to get GM approval before things are taking effect, and in this situation, work role and responsibility and authorization are easily identified, however, the information is not misinterpreted or misunderstood easily, thus, if it also utilizes above mentioned 11 elements, it will also reach its own management effect but seems not necessary and wasting time, some mini-sized company hope could use a more simple and easier way to establish management policies to enhance work efficiency of policies development but not losing its controls, I would like to advise this kind of mini firm to build up their own work documents before policies design -

1stDocuments are the written records and communication tool at work, hence, the companies are advised to ensure the completeness of internal documents first, and make sure all the required forms are well established, and, it can refer to the columns of above chart, defining a list of documents with all actual template attached for acknowledging employees and their work compliance accordingly.

2ndList of Announcement or Meeting Minutes, just like below chart, the purpose is to make all the employees know all the management rules in the environment they work for and its updated information:


















 








(3)       To Include Prepayment by Employees(Petty Cash) Rule in the List of Announcement: The companies may consider to remark the rule in their internal petty cash request form or they can also utilize the announcement or meeting minutes for users’  work compliance. It is mentioned here because this is one of the things that employees concern in the work environment, the companies could also list the scope of expense claimable, approvers and payment procedures and processing time for employees knowing the whole picture of the works.

It is also a valuable information that some companies don’t allow prepayment by employees happen, they think this kind of situation is like the company having a short-term and small amount of borrowing from employees and it makes this company seems weird; thus, these companies prefer doing the prepayment to employees, pay advance, then employees need to request the write off with expense documents after actual disbursement..

(4)       Work Rule: Please click to view a template shared by the Ministry Of Labor of Taiwan, it’s for reference need of companies established in Taiwan.

Please also consider the template or official rule of your country, especially its outline of contents, it reminds you of all the things need to be considered and the completeness of the rule your company needs to define; maybe, your company doesn’t need to send it to get approval from the government, however, you have already taken all the key points/requirements into consideration in your policies implementation.

(5)       Do Employees Need to Follow Work Instruction By Boss’s Relatives?: This is interesting, though, it exists in work environment in Taiwan. In some smaller business sized companies, there are boss’s family or relatives who are not listed in the work organization and either in the list of payroll visiting work office and giving work orders to employees about things including but not limited to boss’s family related affairs. Do employees need to follow these kinds of work orders? I prefer to know the answer from bosses or hiring managers of this kind of companies, and, there is no option, logic, reason or rule as the best answer to this question. The only one thing I would like to advise is: Make the decision clearly, and do not cause any doubt or concern of employees side; in the companies, if there is other investors who are also involving in your business management and think differently of the decision to above question, it is the boss or decision makers to talk to this investor or hold discussions to avoid anything political happen at work place. How would you like to describe about managers who put employees in dilemma or need to choose a side?! Which answer you would like to select? bosses have chosen one of them:

 

(1)      No management work capability.

(2)      Not fulfilling boss’s or investors’ expectation.

(3)      Treating the work as a game, competing who is stronger or weaker.

(4)      What they expect the employees can learn from them?!

(5)      Other_____.

 

By the way, there is a case: Indeed, above situation not only happens in mini-sized companies but also in other kind of firms, and, similar to bring lunch box to boss’s child described in the first picture in this post, people may hope could know the cause or impacts regarding policies design, and, that isJob Description. No matter it is to bring the lunch box to boss’s children or acting as a tutor to the kids, it may happen at employees’ work hours, in addition, the frequency may become often from sometimes, then, it becomes a routine job finally. In my opinion, I would suggest the job description or work introduction lists its related work detail:concurrent boss’s personal assistant or similar description, transparently describe all the things the employees need to do, the employees would know in the beginning and won’t feel confused or need to make time or feel they need to spend additional time to do things for boss’s personal life, otherwise, it will become issues about overtime pay or work orders exceed the work scope defined in employment contract.

 

- What to focus when implementing company policies: Please refer to

ð How to remember policy easily?

ð How to write/build?

What’s your idea?! Do I need to mention something but I forgot?! Please let me know. Thank you.

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