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 Malaysia's 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 – Boon Koon Group Berhad employment’s 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.
COMPENSATION ...