1.
Think of the name of the organization
2. Think of the position
3. Propose the compensation & benefits
according to the direct pay & indirect pay
as the examples below
Sweet Bites
Position : Quality Control Inspector
INDIRECT
Health/medical insurance
Cost of health insurance for an employee is
RM 20,000 per year in the event of an
incident that state below and the employee is
entitled to health insurance :
-Services not recommended by a physician.
-Charges of treatment that exceeds the
employee's ability
-Serious injury
-Experimental procedures, drugs, or surgery
-A potentially dangerous incident.
Life/Disability Insurance
Life / disability insurance is very important
to everyone. Therefore, all companies should
provide these insurances for employees.
There are several life / disability insurance
that our company provides:
-Lifetime insurance
-Life Insurance and Family Takaful
-Easy-PA Love Insurance (EIKPA)
-MCIS insurance Berhad
Best insurance service and solution provider
for life protection, investment and saving
needs.
Paid Time Off
-Annual leave
(18 days only)
-Medical leave
(18 days only)
-Emergency leave
(5 days only)
Retirement/pension plans
Pension funds provide fixed benefits for
employees during retirement, helping
employees plan their future expenses. Sweet
Bites employers make the most of their
contributions and cannot retroactively reduce
pension fund benefits..A pension plan is a
retirement plan that requires an employer to
make contributions to a pool of funds set
aside for a worker's future benefit.
*Defined Contribution Plans
-In a defined contribution plan, employers at
Sweet Bites make specific plan contributions
for employees, usually commensurate with
the various levels of contributions made by
employees.

*Pension Plan
Pension Plan

A pension plan is a retirement plan that

requires an employer to make contributions
to a pool of funds set aside for a worker's
future benefit. There are two main types of
pension plans the defined benefit and the
defined contribution plans:

>Defined Benefit Plan

In a defined benefit plan, the employer
guarantees that the employee receives a
definite amount of benefit upon retirement,
regardless of the performances of the
underlying investment pool.
>Defined Contributions Plans
In a defined contribution plan, the employer
makes specific plan contributions for the
worker, usually matching to varying degrees
the contributions made by the employees.

Educational assistance
There are several employer education
assistance or employer repayments that
Sweet Bites has:
- Up to RM3000 in tuition assistance
provided by Sweet Bites employer.
- To finance all school expenses of the child
if the staff child is Academically Excellent.
DIRECT
Base Pay
i. Base Salary
*Wages
Working Hour :
- 8 hour per day (Monday - Friday)
- 4 hour per day (only on Saturday)
- 1hour - RM 8.00)
- 1week - RM 352.00)
- 1month - RM 1408.00)

*Salaries
RM 1408.00

Variable Pay
i. Bonus
At Sweet Bites provides many bonuses for
staff there, including:
-Yearly bonus
-Achievement bonus
-Vacation bonus
- Profit-Sharing Bonus
- Spot Bonus or Discretionary Bonus.

ii. Incentives
Here are some types of employee incentives
that are effective in Sweet Bites:
-Bonus.One of the most popular incentives,
Sweet Bites business owners.
- Prizes and Awards
- Non-Cash Prizes.

iii. Stock options STOCK:

Chocolate OPTION TYPE:
Call STRIKE PRICE: $40
EXPIRATION: 22 DEC
07 LOT SIZE: 100

STOCK SELLING :$30

STRIKE PRICE:$40
MATURING IN 6 MONTH : $4.00
PAY DIVIDEND IN 3 MONTH: $ 2.00
STRIKE-FREE RATE : 5%
Name of Group Members:

Sharmila Muthiah LEA161

Nurul haziqah Binti Abdullah LEA162
Vikneshwara Sarawanan LEA 160
Dian Syabridah Binti Syamsul Bahri Lea 162
Pingkalan Parathasarathy LEA161
nurulfazira LEA160
siti nursyahirah binti mohamad nor LEA 161
gunavathi a/p murugiah