ABSTRACT
An analysis of the strengths and weaknesses of HRD in Boon Koon Group Berhad and
how compensations and benefits offered can lead to the performance, creativity and loyalty
of the employees which will eventually help the company to achieve its goal and objective.
COMPANY INTRODUCTION AND MANAGEMENT STRUCTURE
Boon Koon Group Berhad is Malaysias well known ISO 9001 certified rebuilt commercial
vehicles, bodyworks and accessories manufacturer 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 trunk 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 *ƒ²*ƒ”€š Boon Koon Group Berhad
employment policy).
COMPENSATION AND BENEFIT POLICIES
The company strongly believes that their valuable employees play an important role 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 especially in the field of compensation
and benefit. Appendix B shows the management 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 based on qualification, working experience, position
and year of service in the company with no discrimination against creed, race or religion
and within the confinements of existing labour legislations.
Annual Bonus: The bonuses are based on individual performance that is evaluated by the
head of department respectively.
Petrol Allowance: This allowance is only for those who stay more than 50KM away from
the company. Those who are using company transport are not entitled for this allowance.
Attendance Allowance: The operation employees who obtain *ƒ²*ƒ”€š?Full Attendance in
a particular month will be awarded with RM40. The managerial and sales employees are
not entitled for this allowance.
Car Allowance: Only managerial employees without providing company car are entitled
for this allowance.
” Manager: RM400 per month
” Assistant Manager: RM300 per month
Hand Phone Allowance: Hand phone allowance from the range of RM50.00 to RM200.00
will be provided to those whose work related to Sales & Marketing and Logistic only.
Monthly Fixed Allowance: Employee who is working in Painting/Spraying Section
