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 Company benefits - extra 3 percent KWSP, after work more than 10 years

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TSplouffle0789
post May 8 2021, 12:20 AM, updated 2y ago

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Additional 3% to Employee Provident Fund after 10 years service




Social Recreation Center with facilities, such as

gym room,
squash,
badminton and
netball court,
zumba
and
yoga classes, etc.



Exempt working hours are flexible within core hours (9am-12pm & 2pm- 5.15pm)


Productivity incentive bonus



Standard company
Normally


Employees share: 9%


Employer’s share: 13%


-------------------------------------------------------------------------------------------------------------------------------------------------------------------
another company

Holidays: 18 paid holidays.


Vacation: Employees shall be granted 12 vacation days on a prorated basis for less than 2 years
of service. Max 22 vacation days for year of service 15+.

Retirement: Employees Provident Fund (EPF) in excess of the statutory EPF contribution is:

 2% for more than 1 year of service and below 4 years of service
 3.5% for more than 4 years of service.



Employee Stock Purchase Plan: Employees are eligible to participate in the Stock Purchase Plan
after 90 days of employment.



Long Service Award- Employee will receive service award if has been service with company
for 5 years, 10 years, 15 years, 20 years, 25 years and 30 years

Vehicle Purchase Interest Subsidy – The Company subsidize employees seventy percent
(70%) of the interest incurred per annum. The minimum repayment period for each loan shall
be 12 months and the maximum repayment period shall be 60 months.



 Academic Excellent Award (For Children)- Employee will receive award if children achieve
excellent result in UPSR, PMR and SPM

 Meal Subsidy- Company offer Cafeteria food at a subsidized price




This event also takes place in an auspicious year where Honda and Kah Motor celebrate their 60 years of strong support and history of mutual trust built since Kah Motor’s founder, the late Tan Sri Loh Boon Siew and the founder of Honda, the late Mr. Soichiro Honda met back in 1957.

In Kah Motor, we offer attractive benefit packages such as but not limited to the following: -

14-month salary (2-month Contractual Bonus)

Additional 4% retirement program contribution into EPF by the company

Above average annual increments for good & outstanding performers

Great career progression opportunities

Excellent Technical Training by Honda Malaysia & Kah Motor for Career Development

Recognise All Federal & State Public Holiday (According to the State you are based in)

Numerous benefits in excess of Employment Act benefits

Group Term Life, Personal Accident & Hospitalisation insurance coverage

This post has been edited by plouffle0789: Apr 28 2023, 04:15 PM
TSplouffle0789
post May 8 2021, 12:08 PM

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QUOTE(DatoChin @ May 8 2021, 12:38 AM)
why are you guys saying like extra 3% epf is very good deal?
*
Others company give also????


TSplouffle0789
post May 8 2021, 12:09 PM

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QUOTE(herojack41 @ May 8 2021, 01:05 AM)
exactly
*
Which company???
TSplouffle0789
post May 8 2021, 12:10 PM

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QUOTE(kkboy @ May 8 2021, 02:53 AM)
After 10 years only get extra employer contribution???
*
Others company what i know is intel penang,first year you join get extra 1 percent kwsp.

What others company you know?
TSplouffle0789
post May 8 2021, 12:10 PM

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QUOTE(hellkvr @ May 8 2021, 02:48 AM)
I think pnb ,kwap and kwsp is the highest right? If not mistaken 19% from kwap. Pnb n epf is more.
*
Do you mean staff that work at pnb,kwap,or kwsp?
TSplouffle0789
post May 8 2021, 12:12 PM

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QUOTE(Helpmeplis @ May 8 2021, 01:59 AM)
I'm from one of those top Management Associate Program from one of the top local investment bank. Guess what resigning from it was the best move I did lol !!

I was paid 4k (I was 23 at that time) & I enjoyed the perks ( 24 days AL & 16% EPF). However, honestly speaking, the juice is not worth the squeeze. I once saw my senior colleague's pay slip & I was totally disappointed ! He was only getting paid 6k after being there for 3 years as an analyst!! After all that crazy long hours, the pay totally doesn't reflect the effort. This is when I knew, this is not the path that I am going to take.

I resigned & I pursued master's degree in field of my choice. Now, I am getting paid more than double of what those "investment bank" was paying me. Honestly, local investment banks are a joke.....

You can refer to my previous threads for proof .....
*
What is your job now???

TSplouffle0789
post May 8 2021, 12:13 PM

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QUOTE(emino @ May 8 2021, 01:19 AM)
Yep. 16% executive and above, 17% non executive.
*
Bsn,mbsb,bank islam,agro bank,bank rakyat also???
TSplouffle0789
post May 8 2021, 12:13 PM

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QUOTE(fuzzy @ May 8 2021, 12:13 PM)
Bank give 16%, don't even need 100 years.

Confirm is con company.
*
Why said so?
TSplouffle0789
post May 8 2021, 12:14 PM

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QUOTE(Stirmling @ May 8 2021, 12:56 AM)
after 10 years work lol?
i know some MNC give 3%-5% extra from your first year.
*
May i know which company???
TSplouffle0789
post May 8 2021, 12:15 PM

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QUOTE(ymc2303 @ May 8 2021, 12:11 PM)
some company offer their own shares as reward for the years of service.
*
Which company??

Local or mnc?
TSplouffle0789
post May 8 2021, 12:18 PM

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QUOTE(Blofeld @ May 8 2021, 02:48 AM)
how about genting?
*
Staff meal,laundry,hostel,standard annual leave,

Maybe discount for

Skyworld genting outdoor theme park

And

Skytropolis Genting Indoor Theme Park

Bowling also????



I remember they can have 1 free cable car per month or discount



Genting not much big benefits for normal staff

High level staff have rm500 (if i not wrong) in their staff card,can go genting food court eat....

This post has been edited by plouffle0789: May 8 2021, 12:22 PM
TSplouffle0789
post May 8 2021, 12:27 PM

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QUOTE(v1n0d @ May 8 2021, 12:25 PM)
With banking you have to jump every 3-4 years. Staying in the same place is a bad idea because the upward mobility is limited unless you play the politics well. Even then I still feel it’s better to jump because each time you do, it’s 20-30% increment or more.
*
Every bank have 24 annual leave and 16 percent kwsp?
TSplouffle0789
post May 8 2021, 12:29 PM

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QUOTE(waghyu @ May 8 2021, 12:27 PM)
Mine was 18% employer contribution
*
Employees share: 9%

Employer’s share: 13%

Wow 5 percent more


May i know which company??
First year join straight away get???

This post has been edited by plouffle0789: May 8 2021, 12:29 PM
TSplouffle0789
post May 8 2021, 12:34 PM

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QUOTE(v1n0d @ May 8 2021, 12:29 PM)
Annual leave yes. KWSP not all banks do direct 16%. Mine is 12+4, where the 4% is put into PRS.
*
Total only 8
PRS Providers
In malaysia



Affin Hwang AM
AIA

AmInvest
Kenanga Investors

Manulife Investment Management
Principal Asset Management by cimb bank

Public Mutual
RHB AM




So do you work in

Affin bank

Or

ambank

Or

Cimb bank

Or

public bank

or

Rhb bank ?

Wonder why maybank do not get this license.....
Largest bank in malaysia
TSplouffle0789
post May 8 2021, 12:50 PM

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QUOTE(v1n0d @ May 8 2021, 12:36 PM)
Your assumption is that the bank invests with their own PRS provider. Not necessarily true. RHB is direct 16% EPF.
*
But your working bank should be using own prs right?

Impossible maybank use principal prs by cimb or public mutual prs as staff benefits?
TSplouffle0789
post May 8 2021, 12:51 PM

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QUOTE(gogocan @ May 8 2021, 12:39 PM)
3% after 10 yrs pretty normal right? My Co. also 10 yrs + 3% 15 yrs additional 3%..max 19%.
*
Mnc or local listed company?
TSplouffle0789
post May 8 2021, 03:08 PM

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QUOTE(red4900 @ May 8 2021, 01:47 PM)
Bersepah oiii. U need to go interview more see what's on the market. Extra EPF is one of the most common benefit given by MNC

This first time i hear company gives after 10 years. TEN years!!! Wtf lousy company is that

My current one gives extra 3% from first month

My old company gives extra 5%, but lump sum paid after 2 years
*
What sector??
Mnc or local listed company???

This post has been edited by plouffle0789: May 8 2021, 03:09 PM
TSplouffle0789
post May 8 2021, 03:10 PM

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QUOTE(ed0gawa @ May 8 2021, 12:54 PM)
Hmm... bank gives high EPF right off the bat.
During my time, I think I got 18% right on the first day.

And why the fucuk you gives a benefit that will only happen 10 fucking years later a damn?

We might die the very next year..

How bout joining my company?
2 yrs later you'll get 30% EPF contribution rate + full ownership of the company.
But for 1st year, RM600/mth work 12 hours per day for 6.5 days
*
What is your company doing???
TSplouffle0789
post May 8 2021, 03:28 PM

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QUOTE(red4900 @ May 8 2021, 03:15 PM)
Telco. Engineering.

Both MNC
*
Digi?
TSplouffle0789
post May 8 2021, 07:09 PM

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QUOTE(hellkvr @ May 8 2021, 04:23 PM)
I think most of forumer here never work in MNC or GLC. hence they didnt know. I was lucky to jump 5 company which is all MNC and GLC. im one lucky bastard.
*
What is the best benefits they offer to you??

What is your job?

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