Admin 08 Jun 2026 06:44

 

Human Resources (HR) Policy

Purpose

The HR Policy provides a clear framework for managing the organizations most valuable assetits people. It sets out the expectations, rights, and responsibilities of employees and managers, ensuring consistency, fairness, and legal compliance across all HR activities.

Scope

This policy applies to all fulltime, parttime, temporary, and contract workers, as well as interns and volunteers, regardless of location or department.

Core Principles

  • Equality & Inclusion: Opportunities are provided without discrimination based on race, gender, age, disability, religion, sexual orientation, or any protected characteristic.
  • Transparency: Policies and procedures are documented, accessible, and communicated clearly.
  • Accountability: Managers are responsible for implementing the policy; employees are responsible for complying with it.
  • Continuous Improvement: The policy is reviewed regularly and updated to reflect changing laws and business needs.

Recruitment & Selection

Job Posting

All vacancies are posted internally for at least five business days before external advertising. Job descriptions must detail essential duties, required qualifications, and key performance indicators.

Selection Process

  1. Screening of applications against the job criteria.
  2. Prescreen interview (phone or video) to verify basic qualifications.
  3. Structured interview with a panel using competencybased questions.
  4. Reference checks and, where applicable, background checks.
  5. Final decision communicated in writing.

Equal Opportunity

Selection decisions are based solely on merit. A written record of each step must be retained for a minimum of two years.

Training & Development

Continuous learning is essential for personal growth and organizational success. The company provides:

  • Onboarding programs for new hires.
  • Jobspecific technical training.
  • Leadership and management development tracks.
  • Access to elearning platforms and external conferences.

Individual Development Plans (IDPs)

Managers work with employees annually to create an IDP that aligns career aspirations with business needs. Progress is reviewed at least twice a year.

Performance Management

Goal Setting

At the start of each fiscal year, employees set SMART goals together with their manager. Goals should be measurable, achievable, relevant, and timebound.

Feedback & Reviews

Continuous feedback is encouraged. Formal performance reviews occur semiannually, covering:

  • Achievement of agreed goals.
  • Core competencies (communication, teamwork, problem solving).
  • Development needs and training opportunities.

Performance Improvement

If performance falls below expectations, a Performance Improvement Plan (PIP) is issued, outlining specific actions, resources, and timelines. Failure to meet the PIP may result in reassignment or termination.

Compensation & Benefits

Salary Structure

Compensation is marketaligned and based on role, experience, and performance. Salary bands are reviewed annually.

Benefits

Benefit Description
Health Insurance Medical, dental, and vision coverage for employees and eligible dependents.
Retirement Plan Employermatched 401(k) up to 5% of base salary.
Paid Time Off 20 days of vacation, plus statutory holidays and sick leave.
Flexible Working Remote work options and flexible hours where operationally feasible.

Overtime & Bonus

Nonexempt employees are eligible for overtime pay in accordance with local labor laws. Bonus programs are discretionary and tied to individual and company performance.

Code of Conduct

All employees must uphold the highest standards of ethics and professionalism.

  • Respectful Workplace: Harassment, bullying, or any form of discrimination is strictly prohibited.
  • Confidentiality: Sensitive information must be protected and disclosed only on a needtoknow basis.
  • Conflict of Interest: Employees must avoid situations that could compromise impartial judgment.
  • Use of Company Resources: Assets, including IT systems, are for business purposes only.

Compliance & Review

The HR department monitors adherence to this policy. Violations may result in disciplinary action up to and including termination.

Policy Review Cycle

This policy is reviewed every two years or when significant legislative changes occur. Employees will be notified of any updates.

Reporting Concerns

Any concerns or suspected breaches can be reported anonymously through the HR hotline or the online portal. All reports will be investigated promptly and confidentially.

Reference Files For Human Resources (HR) Policy
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polymetal_hr_policy_2020_eng.pdf

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