GROUP: 2ZP45B

DMR3483 COMPENSATION AND

BENEFITS
“CIMB BANK”
LECTURER : LT.KOL.PROF.MADYA DR INDERJIT SINGH
A/L TARA SINGH
 BACKGROUND

CIMB Bank Berhad was founded in Malaysia in 1974 and is

headquartered in Kuala Lumpur. It is an important regional
investment bank and an Islamic bank. This company has
employing about 16,699 people as of June 2019.
Vision - To be the main company of ASEAN.

Mission - To provide universal banking services as a

high-performing, institutional and integrated
company located in ASEAN and key markets
outside, and to accelerate the acceleration of
ASEAN's integration and the region's connectivity
across the world.
 TYPES OF COMPENSATION PACKAGES FOR
EXECUTIVES
NO COMPENSATION PACKAGE DETAIL

1. Salary Revision (Article 18) 12% plus 1 increment

2. Increment (Article 19) - Grade 35 RM400.00

- Grade 36 RM460.00

3. Transfer Allowance(Article 14) - RM3,000.00 (Married)

- RM2,000.00 (Single)

4. Outstation Transfer Housing Allowance - RM800.00 per month (Article 14) - RM800.00 per month (married)
- RM600.00 per month (single)

5. Work Outside Normal Hours (Article 21) i. RM40.00

i. For work not less than 1 hour ii. RM 60.00
ii. For work not less than 2 hours iii. RM 100.00
iii. For work not less than >3 hours

6. Work on Additional Rest Day, Rest Day (Article 21) And Public Holiday. i. RM 120.00
i. Up to 4 hours worked ii. RM 240.00
ii. Beyond 4 hours & up to 7 hours iii. RM 440.00
iii. Beyond 7 hours worked
TYPES OF COMPENSATION PACKAGES
FOR NON EXECUTIVES
➢ Compensation was given based on performance and productivity
➢ Given based on their level of responsibility and contribution to the Board
and Board Committees.
➢ The Compensation may vary based on their level of expertise, knowledge
and experience
➢ In the annual organizational appraisal, the Committee is responsible for
conducting the Annual appraisal to evaluate
the performance and effectiveness of their employees
whether executive or non -executive staff.
 ADVANTAGES OF THE COMPENSATION &
BENEFITS SCHEME

01 Improve employee
motivation 02 Improve employee loyalty
03 Increase productivity and
profitability

04 Increase job
satisfaction 05 Attract top
talent
 DISADVANTAGES OF THE COMPENSATION
& BENEFITS SCHEME

01 Dissatisfaction
02 Rising Cost
03 Effectiveness of
work

04 Enforcement
05 Fraud
COMPENSATION & BENEFITS PACKAGE
DO YOU WANT IN FUTURE FOR THIS
ORGANIZATION AND WHY?

Health Insurance Annual Vacation Annual Bonus

CONCLUSION

I LOVE YOU BABE!

THANK YOU
EVERYONE !