Hi,
There is no standard format that you may be able to follow. I suppose by "labour" you mean "workers." I must ask this as the cultural differences must not confuse either of us! On this assumption, I will proceed.
The policy will have to consider a lot of company culture, country culture, extent of feudalism, democracy and state of technological advancement, extent of legislation in the industry, racial equality, etc. of the country you work in.
The question basically revolves around the following:
1) How does the employer want to treat the labor in terms of rights and responsibilities of employment regarding freedom of speech, the right of association, superior-subordinate relationship, etc.
2) What should be the differentials between the wages of Officers and of the labor.
3) What would be growth opportunities for the labor, and what is the company's commitment to people development in job-related soft skills and trade skills.
A statement covering such issues in the form of a policy would be your labor policy. In your situation, I would make a draft and get my superior's approval before detailing out the policy properly.
Hope this helps!
Samvedan
July 31, 2006