BHIC COMPENSATION & BENEFITS PRACTICES

How BHIC determine compensation:

1.    Salary

They use Salary Bands. The band range is based on positions. The bands are SA, M1, E1, E2, E3, E4, E5, E6, E7, E8, E9, E10, E11, N1 (A), N1(B), N2, N3, N4 and N5. A band has a min and max salary. This is based on their job responsibilities, qualifications, certifications, experiences or age.

   

2.    Allowance

Depends on professional certificates, qualifications and experiences.

3.    EPF

The EPF Act 1991 requires employees and their employers to contribute towards their retirement savings, and allows workers to withdraw these savings at retirement or for special purposes before then.

4.    SOCSO

BHIC is required to contribute SOCSO for its staff/workers according to the SOCSO Contribution Table & Rates as determined by the Act. BHIC will pay 1.75% while the staff/workers’ will contribute 0.5% of their wages for the Employment Injury Insurance Scheme and the Invalidity Pension Scheme. Both the rates of contribution are based on the total monthly wages paid to the employee and contributions should be made from the first month the employee is employed.

5.    Overtime

Employee with salary band between N1 (A) and N5 are qualified to claim overtime work. The rate depends on weekdays, weekend or public holidays.

6.    Bonus

There are some factors to determine bonus. Employee’s performance appraisal is a method for the employer to determine who will receive a bonus. According to Pn Sharifah, it also depends on the performance of the company. However, it some rare cases, bonus is also given to a performer even if the company is not doing well financially. This is done to retain the talent.

7.    Long serving award

This award will be given to loyal employees that have been working in BHIC for 15 years. They receive cash and a plaque for their loyalty.

8.    Paid leave

Type of paid leave offered: Annual leave, compassionate leave, sick/medical leave, emergency leave and examination leave.

9.    Medical and Insurance

As per interview, all employees get the same medical and insurance benefit equally.

10.  Training

BHIC’s Group Human Capital Management is actively encourage employees to go for training. Many employees do not know that training is also part of the compensations offered by BHIC.

11. Non-financial

BHIC develops mentorship program for their talents. For example, Board of Engineers IR mentorship program and Project Management Professional Certificate program.

12. Comfortable and safe working environment

BHIC always prioritise safety. BHIC spends a big amount of money to ensure the safety of their employees. There is also a plan to make BHIC a more comfortable place to work. However, this depends on the higher management and BHIC working culture.

13. Permanent position

Skim Latihan Satu Malaysia (SL1M) and contract workers can be rewarded a permanent position if they perform. This depends on the vacancy and manpower requirements.

14. Promotion

Employee will be rewarded a promotion if they perform very well.