A family employment policy:
- Spells out the criteria for hiring and employing family members.
- Helps to instill a business-like environment for all family members participating in the business.
- Allows managing family members to base decisions on a written policy rather than emotional impulse.
- Details minimum requirements family members must attain to be considered for employment in the family business.
Our Family Employment Policy should include:
1. What are the minimum educational requirements a family member is required to achieve before being considered for employment?
2. Is there a specific degree, field of study or certificate that must be earned for respective positions in the organization?
3. Are there exceptions to the educational requirement, such as tenure, other documentable achievements, and/or specific experiences?
1. For how many years will a family member be required to work outside the family operation before applying for employment?
2. Are there specific experiences and/or achievements that must be met for certain positions in the family operation?
3. Are there exceptions to the experience requirement, such as tenure, other documentable achievements, and/or specific educational levels?
1. Is there a written job description for each position in the family organization?
2. Does the job description[s] include the roles/responsibilities/skills/abilities necessary for each position?
3. Does the employment handbook include an explanation of compensation/benefits for each position in the family organization?
Other tools that complement the Family Employment Policy:
- Employee Review Policy
- Professional Development Plan