People Management and Development

ABSTRACT An analysis of the strengths and weaknesses of HRD in approval Koon Group Berhad and how compensations and benefits offered can star to the performance, creativity and loyalty of the employees which lead eventually help the confederation to achieve its goal and objective. COMPANY INTRODUCTION AND MANAGEMENT STRUCTURE benediction Koon Group Berhad is Malaysias well known ISO 9001 certified rebuilt mercenary vehicles, bodyworks and accessories producer and distributor (Boon Koon Group Berhad, n.d.). Boon Koon Group Berhad was founded in 2001 by Dato Goh Boon Koon and consists of three subsidiaries: 1.Boon Koon Vehicles Industries Sdn Bhd 2.First Peninsula Credit Sdn Bhd 3.Boon Koon Marketing (East Malaysia) Sdn Bhd The major business activities are rebuilding commercial vehicles such as trucks, van, trailer, etc; and selling equipment such as dead body cabs, hook lift, crane, refrigeration system and etc. ANALYSIS Here Below will be discussed the various compensations and benefits provided by Boon Koon Group Berhad to its employees (Appendix A Boon Koon Group Berhad employments policy).

COMPENSATION AND emolument POLICIES The ac confederacy strongly believes that their valuable employees play an important component part in the success of the company (Boon Koon Group Berhad, n.d.). Thus, a HR department was formed to deal with the employee more effectively specially in the field of compensation and benefit. Appendix B shows the anxiety structure of Company. Boon Koon Group Berhad, as most of the listed company (BKOON) in Malaysia, practices relatively similar compensations and benefits policy enforced by the Malaysia government. COMPENSATIONS: Monthly Salary: The salary scale is found on qualification, working experience, position and year of service in the company with no discrimination against creed, race or religion and inwardly the confinements of existing labour legislations. Annual Bonus: The bonuses are based on individual... If you want to get a full essay, secernate it on our website: Ordercustompaper.com

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