Compensation Policy Design
Employee Benefits Categories
Conditions of EmploymentThese are statutory conditions set out in the Malaysian Employment Act 1955, that companies must follow adhere to.Companies may exceed these statutory conditions by providing more attractive and motivating working conditions.
Discretionary BenefitsThese are extra employment benefits that areprovided in order to motivate employees to build a career within the organization. These benefits are usually designed to recognize loyalty to the organization.
Perks
These are extraordinary and attractive benefits that are usually provided exclusively to the top-level executives. They are meant to be competitive in order attract and retain superior performing top management executives.
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