Google
 
Web 4Greatest.com
4Greatest Articles

Read Articles:

Surprise! Accounting is the Hot New Major

 Do You Need Accounting Software For Your Small ...

 How to Choose the Right Accounting Software for...

 After the latest and accurate help in relation ...

 Asset and liability basics

 7 Things to Consider Before Buying Small Busine...

 Accounting Methods – Cash and Accrual

 Non-Profit Organizations - What Are They?

 Press ReleaseUCLA Alumni Association Retains th...

 How to Stop Waste, Fraud and Abuse

 Internal Control: A Preventive Maintenance Pr...

 What Software Do You Need For Your Small Business

 Explode Your Consulting Income

 Understanding Depreciation: It May Be More Sim...

 3 Essential Tools for Starting and Maintaining ...

 Outside The Box

 HOW TO STAY FOCUSSED AND BUILD YOUR BUSINESS

 mmaterial Values in Business Management

 Top 7 Strategies for Writing Accounting Procedures

 Taxing Overseas Firms for SOX Compliance

 9 things you must do to maximize your chances o...

 Starting An Online Business From Home

 Why Online Presence Is Essential For Small Busi...

 Bottleneck-oriented Business Management

 An introduction to point of sale software

 10 Amazing Ways To Jump Start Your Sales

 Company/Employee Handbook as Organisational Imp...

 Resume Writing and Preparation is Free Online

  Here is the latest and accurate assistanc...

 Is Your Business Profitable?

 Small Business 101: Deadly Ignorance

 How to Start an Investment Club - Business Model

 Resume Outline - Add Structure & Flow to Your R...

 Issuing Warrants to Investors

 Can You Play the Drums?

 Policies and Procedures Used as Management Key

 How Nov. 15, 2004 Deadline for Sarbanes Oxley 4...

 The Fun Of Starting A New Business

 Managing Your Home Based Online Business – 2

 Do you think that your workload is hampering yo...

Index Pages: 1 - 2
Company/Employee Handbook as Organisational Improvement Tool

 by: Stephan Szugat


A business is only able to grow as fast as the internal organisation is able to process higher volumes of sales. But how to get an optimal internal organisation? Well, you will need to adapt your internal organisation over and over again. It’s a never ending story. However, a Company/Employee Handbook could assist you to achieve the best internal business organisation.

This brings up the question, What has to be included in a Company/Employee Handbook? Everything what has influence to your business operation. First of all, it has to be outlined which areas the Company/Employee Handbook will cover. As it has to do with internal operation, here is a list of items you should include:

- Company Background Information (Name-Development, Foundation date and place, History-Milestones, Vision)
- Owner and/or Manager Bios/Profiles
- Listing of Officers and Board of Directors
- Employment Roles (Job Roles, Job Descriptions)
- Description of the main products and services (just use your marketing material)
- FAQ (about internal subjects only)
- Company timeline (What, when, where)
- Office procedures (Workflow-Information, Working Procedures)
- List of persons to know (Bank Contact, Tax Advisor, Laywer, Main Suppliers, etc.)
- Overview of agreements (Rental, Leasing, etc.)
- Internal Policies (Dress code, Phone usage and answering, Voice Mail Procedure, Parking,
Business Cards, Drug Policy, etc.).

The above list shows which information should be included. The following list shows which departments should be included:

- Distribution
- Inventory/Warehouse
- Marketing (How Follow-up’s are handled, Lead-Generation, etc.)
- Customer Support
- Research and Development
- Accounting
- Human Resources
- Purchase/Procurement.

The above two lists just show, how complex it could be to setup a Company/Employee Handbook. But it don’t have to be complex, just start partial. Only include the information which are already available and use the help of your employees. The benefits of having a Company Handbook are numerous, your employees will save time, it will be easier to improve procedures, because the procedures will be broken down into small sections of the whole precodures. Everything is clearly described, so nobody needs to ask over and over again. In case of holiday or illness of an employee, others could jump into the job, because they could be trained faster.

As employer, you could hire employees with lower education. And your employees will love it, because they know where to look, when they have questions and they could improve their working environment as well. But the most advantage for the owner is, that the organisation will be able to work properly, when the business grows and when the owner might sell the business one day, it might get sold easier, because of the proper organisation.

When installing a Company Handbook, you will find procedures you could automate. Automating the operation as much as possible will also be a big benefit, because employees and employer are able to focus their workforce on more important topics, such as improving the sales volume. Furthermore automatization will reduce to cost of operation as well.

A Company/Employee Handbook is a bit like a Business Plan, but far more detailed, because it will contain information on every internal procedure. Only the financial part of the business plan will not be included, but if you like you might include some financial information you like to share with your employees. As you describe your procedures just do it as a numeration or listing. The description don’t have to be very well formed, it’s just important that everyone who will read it, is able to understand what has to be done.

Remember, a Company Handbook is a living system, if you and your employees are not updating it regularly, it will be death one day, because it will only contain old stuff. So keep all people within your business engaged in improving the Company Handbook, because it will improve your business internal organisation as well. While starting to write the content of your Company Handbook, concentrate on job roles at first, afterwards write down job descriptions, in case a job role has been given to employees twice (Accounting Staff, etc.). Job Roles need to include the duties and the responsebilities of the described job.

Job Roles, Job Descriptions and Workflow-Descriptions of sepcial procedures don’t have to be the same, but take care that the information is consistent, that means that it is written in a stream. This way the entire Company Handbook will be of benefit for everyone. When rereading something on your Company Handbook and you still have questions, than the entry is not finished.

Last but not least, your Company/Employee Handbook should be available everytime. To do this, think about an Internet or Intranet Solution, depending on the size of your business. Keep it simple and slim, and you will have many benefits from it. Good Luck.

About the author:
Stephan Szugat is founder of abenetis a web-based service about Business Management Solutions. He has approx. 15 years experience in the Finance and Accounting Area from companies of different size and from various industries. http://www.abenetis.com

More Resources

01/05/2009 03:17 PM
S.E.C. Answers Critics of Fair-Value Accounting (New York Times)
For those on Wall Street who hope that 2009 will bring some relief from mark-to-market accounting rules, the Securities and Exchange Commission had some glum tidings last week.
01/06/2009 01:33 AM
IPOs in China to jump 47 percent in 2009: accounting firm (AFP via Yahoo! Singapore News)
Funds raised by Chinese companies in local initial public offerings are likely to rise 47 percent this year compared with last year, accounting firm PricewaterhouseCoopers said Tuesday.
01/05/2009 12:29 PM
Schroders on lookout for accounting shocks (Reuters via Yahoo! UK & Ireland News)
Fund manager Schroders has begun screening big European companies in an attempt to avoid those with imprudent accounting practices that are likely to run into trouble in the economic downturn.
01/05/2009 12:14 PM
SEC Study Defends Fair Value Accounting (SmartPros Accounting)
Dec. 30, 2008 (Xinhua Financial News) There is no need to suspend a controversial accounting rule used to value hard-to-price assets such as the toxic debt underlying the U.S. housing crisis, according to a U.S. Securities and Exchange Commission study released on Tuesday.
01/05/2009 12:38 PM
Fund firm says on lookout for accounting shocks (The Forex Market)
LONDON, Jan 5 (Reuters) - British fund manager Schroders has begun screening big European companies in an attempt to avoid those with imprudent accounting practices that are likely to run into trouble in the economic downturn.
01/05/2009 09:22 AM
Sikich Named Technology Pacesetter for 2008 by Accounting Technology (Marketwire via Yahoo! Finance)
The editors of Accounting Technology are pleased to announce that Sikich has been chosen as a Technology Pacesetter for 2008.
01/04/2009 07:39 AM
Accounting push hit by politicking (The Age)
World leaders have vowed to help prevent future financial meltdowns by creating international accounting standards so all companies would play by the same rules.
01/04/2009 09:40 AM
PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD INSPECTION REPORTS UPDATE (Accounting Education)
The Public Company Accounting Oversight Board has updated its audit firm inspection reports. AJ. Robbins, P.C. Causey Demgen & Moore Inc.
01/05/2009 12:44 PM
Schroders on lookout for accounting shocks (Interactive Investor)
Mon 05 Jan, 2009 17:29
01/05/2009 12:59 PM
(AFX UK Focus) 2009-01-05 17:35 Fund firm says on lookout for accounting shocks (Interactive Investor)
By Jane Baird

Sponsored links

Copyright © 2006 4Greatest.com