I would have thought the blindingly obvious choice would be the best solution.

If you are trying to distinguish between "old"and "new" where "personnel policy" - as someone else said - is blindingly obvious but you want to bring "New Speak"to the table, then go for "Human Resources (=personnel) Policy.
N.B. Beleid = Policy and there still isn't any real "New Speak" alternative for this - and no way should there be, otherwise we will all end up speaking total American Gobbeldy Gook!

Human resource management (HRM) is the strategic and coherent approach to the management of an organisation's most valued assets - the people working there who individually and collectively contribute to the achievement of the objectives of the business. The terms "human resource management" and "human resources" (HR) have largely replaced the term "personnel management" as a description of the processes involved in managing people in organizations. In simple sense, HRM means employing people, developing their resources, utilizing, maintaining and compensating their services in tune with the job and organizational requirement.

For a full discussion of the relationship between Human Resources Management and Personnel Management see A Handbook of Human Resource Mangement Practice by Michael Anderson (2nd reference below).

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Note added at 16 hrs (2009-05-26 08:35:49 GMT)
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Dictionary translation of beleid is: conduct, management, policy. Management and policy are both acceptable translations of that word. To try and suggest that management is an incorrect translation and that policy is the correct translation is a falsification of the facts. The answer suggested by me relies on the terminology in a published authoritative work on the subject.