Professional Documents
Culture Documents
Chapter 6 1
CHAPTER
Chapter 6 2
PREVIEW
Chapter 6 3
Employment Act
Chapter 6 4
Chapter 6 5
STATUTORY BENEFITS
Maternity leave
Sick leave
Annual leave
Chapter 6 6
NON-STATUTORY BENEFITS
Time-off payments:
Marriage
Birth of a child (paternity leave)
Personal emergencies
Pilgrimage
Studies
Death of a relative
HRM Principles & Practices (Second Edition)
Oxford Fajar Sdn. Bhd. (008974-T), 2011
Chapter 6 7
NON-STATUTORY BENEFITS
(cont.)
Health care:
Hospitalization benefits
Chapter 6 8
NON-STATUTORY BENEFITS
(cont.)
Other benefits:
Financial services
Discounted goods/services
Retirement benefits
Educational assistance
Chapter 6 9
FLEXI-BENEFITS/
CAFETERIA BENEFITS
Chapter 6 10
REWARDS
Incentives and rewards:
Create competition
Chapter 6 11
REWARDS (cont.)
To be effective, reward schemes must:
Be perceived as fair
Be perceived as attractive
Chapter 6 12
FINANCIAL REWARDS
Wage increments
Bonuses
Profit-sharing schemes
Commissions
Chapter 6 13
NON-FINANCIAL REWARDS
Performance awards
Letters of appreciation
Award ceremonies
Tokens of appreciation
Chapter 6 14
Chapter 6 15
REVIEW
Chapter 6 16