There are lot of articles on the leave policies in this forum. regarding the PF, If you have 10 or more employees with the aid of Power / 20 or more employees with out the aid of the power, then it is mandatory to put forward to your Management to enroll for PF. Its mainly based on what sectors how you project your employees. Permanent / Trainees etc.
Policy Making varies from company to company, the policy formulation should be mainly based on the nature of the company, Annual budgeted amount for the HR dept etc.
Without the knowledge of the Labor laws, its very much difficult to create the HR Policy. hence kindly go through the same for the further process.
30th August 2010 From India, Bangalore