Sunday 22 December 2013

Occupational Safety and Health

Occupational Safety & Health (OSH) standards are mandatory rules and standards, set 
and enforced to eliminate or reduce Occupational Safety & Health (OSH) hazards in the 
workplace. Occupational Safety & Health (OSH) standards aim to provide at least the 
minimum acceptable degree of protection that must be afforded to every worker in 
relation to the working conditions and dangers of injury, sickness or death that may arise 
by reason of his or her occupation. The provision of Occupational Safety & Health 
(OSH) standards by the state is an exercise of the police power, with the intention of 
promoting welfare and well-being of workers (Khairiah & Lekha, 2007). What if the employer is ignorant of the danger? Can he be held liable? It is 
submitted that an employer can escape liability if he is ignorant of the danger and
could not be expected to know in the light of the current knowledge or did not
foresee the danger and could not be expected to foresee it.

                                        More readings: http://eprints.utm.my/2660/1/71777.pdf

Tuesday 10 December 2013

SYLLABUS FOR HRM751

This is our syllabus for Performance & Compensation Management

Page 1

Page 2


Page 3
Source: Assoc. Prof. Dr. Roshidi Hassan (Lecturer)
                     

ASSIGNMENT 1 ON PERFORMANCE MANAGEMENT

List of topics for assignment 1

Assignment 1
Source: Assoc. Prof. Dr. Roshidi Hassan (Lecturer)

ASSIGNMENT 2 ON COMPENSATION & BENEFITS

List of topics for assignment 2

Assignment 2
Source: Assoc. Prof. Dr. Roshidi Hassan (Lecturer)


PERFORMANCE APPRAISAL






PERFORMANCE EXECUTION





PERFORMANCE PLANNING





THE PERFORMANCE MANAGEMENT PROCESS





OVERVIEW OF PERFORMANCE MANAGEMENT




Monday 9 December 2013

CAFETERIA BENEFITS PLANS


A cafeteria benefit plan is an arrangement allowing employees to choose which types of benefits they would like rather than being handed a standard package by their employer. 

Some may choose to have more comprehensive health care plans, others may be more interested in retirement schemes or life insurance. These cafeteria benefits, also known as flexible benefit schemes, have advantages for both employees and employers. Some companies offer a flexible benefit budget to their staff allowing them to “buy” the benefits best suited to their needs. The employees can then pick and choose what is best for them and companies can offer new types of benefits more quickly as they don’t need to extend them throughout the firm.



Source: http://www.leavitt.com/NewsAndEvents/BenefitsInsuranceNewsletters.aspx?eid=5165135623222576249



For more info on Cafeteria Benefits Plans, you may visit this links:

http://www.dummies.com/how-to/content/cafeteria-benefits-plans-offering-choices-to-emplo.html

http://humanresources.about.com/od/salaryandbenefits/g/cafeteria-plan.htm

15 HIGHEST PAID JOBS IN MALAYSIA 2013



The salary figures below are monthly salaries.






TOP 10 PAYING COMPANIES IN THE WORLD


TOP 10 PAYING COMPANIES IN THE WORLD




MALAYSIA'S 10 RICHEST

MALAYSIA'S 10 RICHEST 












Story Begin....

The Short Story Of How I Raised My Salary 62.5% (In 2 months!)

It was the start of October and I was stuck commuting to work in traffic for 1 hour both ways. Oh yes, and I was working 8am to 6pm…this meant I woke up at 6am and got home at 7pm if I was lucky.

Lucky meant that I got to leave work on-time and traffic was not exceptionally bad that day (from the uncoordinated masses of Apple cultists and Googlers flooding the South Bay highways at their scheduled migration times).
It was one day, while in stop-and-go traffic, enraged by a stressful day of PCB sales to irate electrical engineers… in the midst of listening to Brian Tracy… I decided it was time for me to do better.

Forcing “Job Serendipity”

That night, I set out to force job serendipity upon myself. I crafted an excellent resume and made my LinkedIn up-to-date and active. I spent a good four hours seeing what people where in my networks and seeing if any careers/companies looked promising.
The problem was, everything was promising, because I had already decided I wanted nothing more with the prototype PCB world. So I took a step back and asked… “What do I want?”
I started off by admitting I wanted to do BizDev/Sales. I wanted to travel…everywhere if possible.. in planes.
I wanted to do business with the biggest names in industry and have relationships with top CEOs because I know I will need those to support where I want to be in my far-off distant future.
Rule 1: Align what you are looking for with your personal ambitions.
Then details got harder… “What do I want?” I asked myself again. Ok… it was time for Manta.
I use Manta every time I want to build a list of companies to work for. I search for companies under 100 employees, with revenue greater than $500,000 per employee.
Think about it… if a company has 100 employees and their revenue for the year is 5 million. Sure 5 million is a lot… but per employee, that is only 50k revenue, and that does not even consider the operation costs.
In my experience $500,000 per employee is the sweet spot. This essentially means, you will be treated well there.
Rule 2: Place yourself where there is more than enough to go around
I expanded the list of what I wanted, farther and farther, and farther. I got tired and promptly passed out to go to work the next day. After a long day at work, I went home and continued right where I left off.
Rule 3: Follow through until there is change.
This is where I was ready. The image of the perfect job was in my head, I knew what I wanted and what I did not want. No commute. No traffic. No early mornings. No pseudo-account manager sales job, but a real sales job.
With everything clear… it was time to finish forcing job serendipity upon myself.
I signed-up, made profiles, and posted resumes on every job site I could find. I posted twitter/facebook/LinkedIn Updates. I made sure to browse job postings and reply immediately to those I was interested in at least two times a day, morning and night.
Besides your typically Craigslist and LinkedIn job walls, try:
…and of course, Monster, Indeed, etc — readyforce is also good, and of course OnGig!
Also when reaching out to your networks, be sure to put status updates of relevant stuff to the field you are looking to go into. I have gotten interviews from LinkedIn updates.
Make sure in passing when speaking with your friends to mention what you are looking for… even if they have no connections to the business world, they could meet just the person who can help you the next day at a bar or bus stop. You never know.
I Was Getting Daily Calls From Recruiters After Just 2 Weeks
Shortly after I did all this, I started getting recruiters calling me as they discovered my resume all over the internet. After two weeks, I didn’t have a single day without a recruiter calling me.
I held strong to what I wanted. I passed up a lot of interviews that didn’t match with the core of what I was looking for. (that is the hardest part)
Late November, I was called by a consulting company I had never heard of, but the recruiter explained the role they were looking to fill, and it matched exactly what I had been looking for… except the stock options are delayed by a year… oh well.
Interviews are interviews. I won’t talk about mine. Long-story short, I leveraged my personality and tech background to get the job over a Sr. Sales guy.
Play the Junior Card if you can (cheaper for them, even though you will get paid more).
So it was a win-win. I got a position essentially as a Sales Executive typically requiring about 5-7 years more experience than what I had, and it came with better pay.
After all the people I called and messaged about jobs, and all the ones I interviewed with, they all ultimately lost to a single recruiter finding my resume on some obscure job site and giving me a call.
Remember, landing a job may be chance, but there are thousands of ways to make those chances in your favor.

Pillar of Success Behind Every Man

The Strength Behind Every Flourishing Family. They have been with us as mothers, sisters, friends, aunts, teachers, nurses and from stall owners selling packets of ‘nasi lemak’ to heads of large organizations implementing policies that can change the direction of an entire nation.
In saluting these outstanding women of Malaysia, Top of 10 Malaysia is honored to present the Top 10 Most Inspiring Women of Malaysia. This is in recognition of their achievements that have come as a result of their tenacity, competence and courage.

Rank
The Most Inspiring Women in Malaysia
1
Zeti Akhtar Aziz (Tan Sri Dr)
2
Nicol Ann David (Datuk)
3
Siti Nurhaliza binti Tarudin (Dato’)
4
Zainah Anwar
5
Michelle Yeoh Choo-Kheng (Dato’)
6
Marina Mahathir (Datin Paduka)
7
Teresa Kok Suh Sim
8
Mazlan Othman (Datuk Dr)
9
Jamelah Jamaluddin
10
Mother Mangalam Iyaswamy Iyer (Datin Paduka)











Wanna know something new about top 10 in Malaysia? Do visit this page for more info:

Think Diffrently


COMPENSATION ISSUES






BENEFITS AND SERVICES ADMINISTRATION





JOB EVALUATION






EQUITY IN COMPENSATION





OVERVIEW OF COMPENSATION MANAGEMENT




Working with Google Company is the BEST!


Sunday 8 December 2013

Purpose of Employee Evaluations

What is job evaluation?

Job evaluation is a systematic way of determining the value/worth of a job in relation to other jobs in organization (Mehta, 2013).

Evaluations provide employees:

  1. Feedback on their work quality
  2. Feedback on their overall work performance
  3. Feedback on their work behaviour
  4. Feedback on customer comments received
  5. Feedback on strengths and weaknesses
  6.  An opportunity to gain insights into the supervisor's perceptions of work performance
  7. Opportunity to become aware of the supervisor's concerns 
  8. An opportunity to learn what the supervisor views as important to be successful at the company
  9. An opportunity to learn how to improve and enhance performance 
Source: http://spot.pcc.edu/~rjacobs/career/employee_evaluations.htm

Source: http://www.arloandjanis.com/jobevaluation.htm

For more info on Job evaluation, you may visit this sites:

  1. http://www.ncl.ac.uk/hr/pay/job-evaluation.php
  2. http://smallbusiness.chron.com/advantages-job-evaluation-organization-437.html
  3. http://office.microsoft.com/en-us/infopath-help/conduct-a-job-evaluation-HA001189535.aspx



The Basic Components of Employee Compensation and Benefits

Employee compensation and benefits are basically divided into four categories:


1. Guaranteed pay – monetary (cash) reward paid by an employer to an employee based on employee/employer relations. The most common form of guaranteed pay is the basic salary.
2. Variable pay – monetary (cash) reward paid by an employer to an employee that is contingent on discretion, performance or results achieved. The most common forms are bonuses and sales incentives.
3. Benefits – programs an employer uses to supplement employees’ compensation, such as paid time off, medical insurance, company car, and more.

Equity Compensation

What is equity compensation?


Source: http://news.efinancialcareers.com

Equity compensation is one way to attract and retain employees to a start-up company. Since most companies lack the initial funds to get high quality employees, they use equity compensation to fulfill this need. Equity compensation is a non-cash compensation that represents a form of ownership interest in a company. Due to the complexity of implementing an equity compensation program, companies must plan and use proper legal, accounting, and tax advice and planning. 

Companies that offer equity compensations give employees stock options with the right to purchase shares of the companies' stocks at a predetermined price, also referred to as exercise price. This right "vests" with time, so employees gain control of this option after working for the company for a certain period of time. When the option vests, they gain the right to sell or transfer the option. This method encourages employees to stick with the company for a long term. 



For further reading, you may visit this sites:
  1. http://www.carltonfields.com/equity-based-awards-and-equity-based-compensation-business-solutions/
  2. http://news.efinancialcareers.com/uk-en/156084/private-equity-firms-still-intend-to-increase-pay-heres-what-you-can-earn-in-the-us-europe-and-asia-pac/
  3. http://www.shrm.org/hrdisciplines/compensation/Articles/Pages/EquityCompensationatPrivateFirms.aspx

Saturday 7 December 2013

Top 10’s Best Companies in Malaysia to work for


Here are the Best Companies to work for in 2013 (Top 10)..

No. 1 is Shell Malaysia



No. 2 is Intel Malaysia



No. 3 is DHL Malaysia



No. 4 is Petronas




No. 5 is Nestle Malaysia





No. 6 is Maxis




No. 7 is IBM Malaysia




No. 8 is Dell Malaysia




No. 9 is CIMB



No. 10 is SP Setia







Tuesday 29 October 2013

Compensation In Malaysia

Compensation for occupational injuries and diseases in Malaysia
In Malaysia, the worker in the private sectors who earns less than RM3000 a month are protected by the Employee's Social Security Act 1969 (ESSA 1969). They are covered under two insurance schemes; Employees' Injury Scheme and Invalidity Pension Scheme.

To qualify for compensation from the Employees' Injury Scheme the workers must have been injured while commuting to and from work, commuting in the course of work, and while working, workers who develop occupational disease is also covered under this scheme. There is no age limit to this scheme, the insurance scheme will continue while the person is still working and contributing to the scheme. The list of compasable occupational diseases are listed in Fifth Schedule of the ESSA 1969

The second scheme is the Invalidity Pension Scheme where the workers is qualify for invalidity pension if he suffers from chronic diseases that makes him unable to earn more than 1/3 of his usual wages. This scheme only covers workers up to 55 years old.

Other than the two schemes under ESSA 1969, individual who are protected under other insurance scheme can also apply for compensation. In this case the amount and quantum of payment will depends on the agreement between the insurance company and the insured party.


Quantum of Compensation

The amount of compensation to be paid to the insured person who was involved in an accident or from occupational disease depends on the degree of impairment. If there is no impairment sustained as a result of the occupational accident or disease then compensation would not be paid. However the medical and surgical cost for the treatment would be borne by the Social Security Organisation. The insurer needs to consult the Social Security Organisation on their entitlement for the medical and surgical treatment.

For the "Employees Injury Scheme" under the ESSA the quantum is given in Second Scheduleof the ESSA. The Social Security Organisation have come up with the "Guidelines on Impairment and Disability Assessment of Traumatic Injuries, Occupational Diseases and Invalidity" since the Second Schedule only contained a limited list of impairment. The main purpose of the guideline is to be used as a guide for evaluating medical issues, diseases and the estimation of invalidity especially on issues that are not stated in the Second Schedule of ESSA.

The amount to be paid depends on the assessment by independent medical assessor appointed under the ESSA.


By Universiti Malaya


This article has been connected with this link http://spm.um.edu.my/oeh/compensation/

Important Guidelines that will assist you in achieving your best compensation package.


  •  Find out what the marketplace is paying for the position you are seeking.
  •  Always attempt to negotiate an increase in any salary offer. If you cannot negotiate a higher salary then ask about the possibility of a three or six-month performance review with a merit increase based on performance.
  • Other elements of an offer are also negotiable. This may include bonus, benefits, vacation time, automobile allowance, business expense reimbursement, draw against sales commissions, title, relocation expenses, tuition reimbursement, etc. You may have the ability to impact a number of components in your package beyond just the salary. Make sure you fully understand the entire package.
  • Get the offer in writing so there is no misunderstanding. An offer that is not in writing is not a legitimate offer.
  • Never reveal your current or previous income. Never tell the interviewer your desired or expected salary. Let them make you an offer. You will be in a stronger negotiating posture.
  • Don’t attempt to negotiate an offer at the time it is extended, you will need time to consider it, talk with your spouse or other family members, and determine your best negotiating strategy.
  • If you are asked to accept an opportunity which requires relocation, the company may offer a spousal transplacement program. This is an often overlooked negotiable benefit to assist the spouse of a transferred employee in achieving employment in the new marketplace.
  •  When dealing with a salary or performance review, you should prepare a written summary of why you feel your performance merits an increase in salary. This summary should include a list of the top accomplishments you have had since your previous review. You should try to quantify your achievements wherever possible.
  • A final thought. One of the major impediments to women advancing into senior management is their perceived reluctance to take risk. Most women appear to want all their facts in order before making crucial decisions. This is a conservative decision-making approach that may make you appear as indecisive. Women managers are usually seen as more sensitive and nurturing, but less assertive and competitive then men. Experts believe that if you are willing to act boldly, to be less cautious and more willing to take calculated risk you may have a far greater chance of achieving career-advancing, high level management opportunities. If you want to grow into senior management ranks you don’t want to be seen as the “nurturing mother,” but rather as the decisive, aggressive, risk-taker.

Benefits and Service Administration

From library and information specialists’ point of view, monetary compensation is an essential component in recruitment and retention process; but benefits are equally important and can often be the deciding factor in whether an individual accepts an offer or even stays. Switzer (2004) concludes that as the competition increases for library employees with the skills and knowledge that most academic libraries need, many libraries rely on their benefit packages to give them the leading edge. It is pertinent therefore that present day human resource specialists are well informed about the various benefits available so that they can adequately manage recruitment and employment. Academic institution typically offer a wide range of benefits to their employees; and as university employees, academic librarians are afforded the same institutional benefits as other university employee. These include retirement plans, medical care, sick and annual leave, sabbatical leave, study leave, maternity leave, child care, pension benefit, sponsorship to conferences and workshops, leave bonuses, on campus accommodation, and so on, which are referred to as university supported benefits. Libraries, in addition to these can also make some benefits available to its employees. The onus is on the human resource specialist who must be aware of benefits offered by other libraries to ensure that his library is not left behind. Some library supported benefits have monetary value while some have no financial impact. (Odunlade, R. O. 2012)

Click this link for slideshare on Driving Employee Motivation through Compensation and Benefits