This document discusses the importance and benefits of establishing HR policies for a company. It begins by defining what HR policies are and providing examples of why they are needed, such as to ensure consistent decision making and equitable treatment of employees. It then lists some key benefits of having HR policies, such as clear communication of employment terms, fair treatment of all employees, and alignment with legal requirements. Finally, it emphasizes the importance of HR policies for protecting employees, developing them, and maintaining workplace discipline. It concludes by outlining 15 essential types of HR policies that all companies should have.