What is a Values Statement?

A values statement in HR refers to a document or statement that defines and communicates the core values and beliefs of a company or organization. These values may include principles such as integrity, teamwork, respect, and excellence, and are intended to guide the behavior and decision-making of employees and management. Values statements can serve as a foundation for the company’s culture and help to create a sense of purpose and direction for employees. They may also be used to attract and retain top talent, and to guide the development of policies and procedures.

What is the purpose of a values statement?

  • Serve as a foundation for the company’s culture
  • Create a sense of purpose and direction for employees
  • Guide behavior and decision-making of employees and management
  • Attract and retain top talent
  • Basis for development of policies and procedures
  • Benchmark for evaluating performance and making decisions about promotions and recognition.
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How do you implement a values statement in HR in points?

  • Communicate the statement to all employees
  • Incorporate the statement into employee training and development programs
  • Reflect the statement in the company’s policies, procedures, and decision-making
  • Use the statement as a basis for evaluating performance and making decisions about promotions and recognition
  • Encourage employee to live and support the statement
  • Regularly review and update the statement as needed to ensure it remains relevant and aligned with the company’s culture and goals.