Payment Systems of Tnb - 723 Words

PAYMENT SYSTEMS AND WORKING HOURS In order to attract workers and to retain the best performers, employers need to have a compensation system that will achieve these objectives. Furthermore, employers need to comply, with the relevant law which relate to payment systems and hours of work. Payment systems and quantum of payment play a significant role not only for individual employers, but also at the level of society. WAGE AND PAYMENT SYSTEMS In return of their work, the employees of TNB are paid agreed amounts of remuneration. Typically, employers also provide some payments to motivate workers to maximize their output. Thus, a remuneration or compensation package consists of several elements, usually a combination of basic pay,†¦show more content†¦WORKING HOURS Restrictions on working hours established by the Employment Act and SLOs NORMAL OFFICE HOURS Sunday to Thursday | 8.00 am – 5.00 pm | Friday and Saturday | Off day | SHIFT HOURS- three shift system Shift / Day | | Shift I | 8.00 a.m. – 4.00 p.m. | Shift II | 4.00 p.m. – 12 a.m. | Shift III | 12 a.m. – 8 a.m. | OVERTIME Overtime hours are restricted by law to protect the health of the worker. The normal hours of work is permitted up to a maximum of 104 hours per month. Overtime work cannot be made compulsory except in certain circumstance and in certain industries (the essential services) such as TNB. An employee who works overtime hours are rewarded at maximum rate of RM 9 per hours. BENEFITS AND REWARDS We understand the importance of attracting and retaining the best people. In addition to competitive salaries, we offer a number of benefits as well as incentives aimed at recognising and rewarding high performance. We support aspiring employees through development programs and opportunities - whether by moving up through the company, or by expanding their skills and experience. 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