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Documenti di Cultura
0 INTRODUCTION
1.1 Permodalan Nasional Berhad (PNB) Incorporated on 17 March 1978, PNB was
conceived as a pivotal instrument of the Government's New Economic Policy to promote
share ownership in the corporate sector among the Bumiputera (son of the soil), and to
develop opportunities for deserving Bumiputera professionals to participate in the
creation and management of wealth.Permodalan Nasional Berhad (PNB) has emerged
as the country’s premier investment institution. As an investment vehicle for the Yayasan
Pelaburan Bumiputra (YPB), the core function of PNB is to evaluate, select and acquire
a sound portfolio of shares in limited companies with growth potential. Being an
organisation that specialises in investment, PNB in essence acts as a warehouse,
whereby shareholdings in these limited companies are placed in trust funds and sold to
unit holders in the form of smaller units.
From its first unit trust scheme, the Sekim Amanah Saham Nasional (ASN) launched on
20 April 1981, right up to its latest product, Amanah Saham Bumiputera 2 (ASB 2)
launched on 2 April 2014, PNB through its wholly-owned subsidiary, Amanah Saham
Nasional Berhad, has been instrumental in creating a paradigm shift and changing the
mindset of Malaysians, particularly the Bumiputera community, in the areas of savings,
investment and financial planning, and the way they view risks and returns on
investment. The overwhelming response from Malaysians from all walks of life and
income strata towards PNB's unit trust funds has been manifested in PNB's ability to
mobilise more than 13 million accounts to date.
With the money generated from the public, PNB has acquired many large and strategic
companies, and many are industry leaders in their own respective fields, such as
financial, insurance, plantation, property, automotive, logistics, infrastructure,
pharmaceuticals and chemicals. The drive for value has prompted PNB to undertake a
series of corporate exercises, where companies under the PNB portfolio were
reorganised, merged or acquired to increase their operational efficiency and to attain
synergistic benefits, thus enabling PNB to achieve its aim for consistent returns.
PNB has developed a clear strategic plan in charting its way forward to ensure that it can
sustain its performance for the next six years and beyond. To attain its vision of being A
Distinctive World Class Investment House, and the mission to enhance the economic
wealth of the Bumiputera community and all Malaysians, for the prosperity of the nation,
PNB has formulated the PNB STRIVE-15 Strategic Plan 2017-2022. PNB STRIVE-15
comprises three pillars, namely (i) Enhancing sustainable returns; (ii) Effective
investment management; and (iii) Driving operational excellence.
With the STRIVE-15 plan in place, PNB targets to achieve its key deliverables by 2022,
supported by sustainable, consistent and market-leading returns as well as an enhanced
customer experience. PNB also aims to continue investing in high-performing Malaysian
corporates.
As a major player in the unit trust industry, PNB has established a reputation as an
institution worthy of mobilising and managing funds of Malaysians. The participation of
more than 11.6 million account holders in products offered by us reflects the confidence
that the public has in our performance and abilities.
This success has been achieved by way of managing funds in a manner that will
accomplish long-term, sustainable and competitive returns; through maintaining high
levels of professionalism, discipline and prudence in formulating our investment
strategies.
PNB is governed by the rules and guidelines set by authorities such as the Securities
Commission, among others. We have a Compliance Department as part of our internal
control mechanism. The department monitors the investment activities of PNB on
matters related to regulatory compliance and requirements as stipulated by the
Companies Act 1965 as well as the Securities Commission regulations and other
applicable laws.
In addition, our esteemed Board of Directors and Investment Committee are always on
hand to guide our investment operations and procedures.
1.2 VISION
To be a Distinctive World Class Investment House
1.3 MISSION
To Enhance the Economic Wealth of the Bumiputera Community and all Malaysians, for
the Prosperity of the Nation
1.4 VALUES
Competence
We possess the competency to deliver high performance.
Humility
We treat people with mutual respect, stay grounded to our roots, always cognizant
that we serve a greater purpose.
Integrity
We will not compromise on integrity and we are committed to the highest level of
ethical conduct.
Prudence
We are focused in safeguarding our unit holders’ wealth.
Passion
We are passionate in our task to achieve beyond the ordinary.
1.5 ORGANISATION CHART
2.0 RELEVANT POSITION
Human Resource Planning is the process of analyzing and identifying the need for and
availability of Human Resources so that the Organization can meet its objectives.
Human resource planning is the ongoing, continuous process of systematic planning to
achieve optimum use of an organization's most valuable asset. The objective of human
resource planning is to ensure the best fit between employees and jobs while avoiding
manpower shortages or surpluses.
Human resource planning is a process through which the right candidate for the right job
is ensured. For conducting any process, the foremost essential task is to develop the
organizational objective to be achieved through conducting the said process.
From the updated human resource information storage sys-tem, the current
number of employees, their capacity, perfor-mance and potential can be
analysed. To fill the various job requirements, the internal sources (i.e.,
employees from within the organization) and external sources (i.e.,
candidates from various placement agencies) can be estimated.
Based on table planning above, organization should prepare the budget for 2019
to recruit or promote another staff to be a Senior Manager to Finance
Department due to shortage of the position.
• Based on table planning above, organization should transfer one of staff due to
surplus of the position.
The importance of job analysis is closely associated with the possibility of filling a
position with the most suitable candidate. In other words, jobs analysis needs to be
conducted so that a set of skills and competencies needed to perform duties of a
position can be established and the same set of skills and competencies can be used as
criteria for the search of appropriate candidates.
Step 1 Decide how you'll use the Interview / Questionaire/ Observations/ Participants log book/diary
information
Choose Method Job Analyst prefer to use INTERVIEW method to get the information.
2. Job Street
Step 4
Implement Actually Venue : Meeting Room, 39th Floor, Menara PNB
analyse the job Date : 26th February 2018
Time : 10.00 am - 4.00 pm
PROCESS EXPLANATION EXAMPLE
First draft of JS
1. Expert with Financial System - SAP, MFRS
2. Advance in Microsoft software (Excel & Power Point)
3. Influence in English - Speaking & Writing
4. Experience of leading a financial team and managing staff and all
aspects of their development
5. Experience of development and maintenance of accounting
processes
6. Good Looking
Final draft of JS
1. Financial System - SAP, MFRS
2. Advance on Microsoft software (Excel & Power Point)
3. English Language & Writing
4. Experience of leading a financial team and managing staff and all
aspects of their development
5. Experience of development and maintenance of accounting
processes
4.2 Associate of Human Resource Department
Step 1 Decide how you'll use the Interview / Questionaire/ Observations/ Participants log book/diary
information
Choose Method Job Analyst prefer to use INTERVIEW method to get the information.
2. Job Street
Step 4
Implement Actually Venue : Meeting Room, 39th Floor, Menara PNB
analyse the job Date : 28th February 2018
Time : 10.00 am - 4.00 pm
PROCESS EXPLANATION EXAMPLE
First draft of JS
1. Expert with HR System - HRMS
2. Familiarity and skill with the tools of the trade in human resources
including Microsoft Office suite of products, file management, and
benefits administration.
3. Influence in English - Speaking & Writing
4. Strong effective communication and writing
5. Strong commitment to and interest in employee relations and
communication.
6. Coaching
Final draft of JS
1. Expert with HR System - HRMS
2. Familiarity and skill with the tools of the trade in human resources
including Microsoft Office suite of products, file management, and
benefits administration.
3. Influence in English - Speaking & Writing
4. Strong effective communication and writing
5. Strong commitment to and interest in employee relations and
communication.
4.3 Clerk of Work of Facilities Department
Step 1 Decide how you'll use the Interview / Questionaire/ Observations/ Participants log book/diary
information
Choose Method Job Analyst prefer to use INTERVIEW method to get the information.
2. Job Street
Select People Select representative positions 1. 1 candidates from Mashitah Sdn Berhad
2. 2 candidates from Hydec Engineering Sdn Berhad
Step 4
Implement Actually Venue : Meeting Room, 39th Floor, Menara PNB
analyse the job Date : 27th February 2018
Time : 9.00 am - 1.00 pm
PROCESS EXPLANATION EXAMPLE
First draft of JS
1. Build a good relationship with contractors and suppliers team
2. Always follow company's values of quality; client focus; integrity;
teamwork and continuous improvement.
3. Willing working extra hours depending on contractors working hours
4. Excellent written and oral communication skills and ability to establish
and maintain professional working relationships.
5. Knowledge of materials, means and methods of goods supplied
6. Swimming
Final draft of JS
1. Build a good relationship with contractors and suppliers team
2. Always follow company's values of quality; client focus; integrity;
teamwork and continuous improvement.
3. Willing working extra hours depending on contractors working hours
4. Excellent written and oral communication skills and ability to establish
and maintain professional working relationships.
5. Knowledge of materials, means and methods of goods supplied
5.0 RECRUITMENT
Once the forecasting data are gathered and analyzed, the HR professional can see
where gaps exist and then begin to recruit individuals with the right skills, education, and
backgrounds.
Based on this information, when a job opening occurs, the HRM professional should be
ready to fill that position. Here are the aspects of developing a recruitment strategy:
Refer to a staffing plan.
Confirm the job analysis is correct through questionnaires.
Write the job description and job specifications.
Have a bidding system to recruit and review internal candidate qualifications
for possible promotions.
Determine the best recruitment strategies for the position.
Implement a recruiting strategy.
Internal recruitment is when the business looks to fill the vacancy from within its
existing workforce
External recruitment is when the business looks to fill the vacancy from any
suitable applicant outside the business
Of course, the option to use BOTH internal and external recruitment can be used.
This is often the case for senior management appointments.
It can take longer and cost more than hiring from within the organization.
It can also damage employee morale because current employees may
feel this lessens their chances for promotion. When employee morale
decreases, productivity can also decrease.
It also takes more time to train an external candidate on the systems the
organization uses; therefore, taking the candidate a little longer to get up
and running.
It can be difficult to tell by a candidate's information whether or not he or
she will fit in with the company and its employees. While a new employee
may bring fresh outlooks and ideas, this can be considered a
disadvantage, because these ideas may produce conflict with current
employees.
The Alternatives to Recruitment are the temporary ways of hiring people for the job
position with a view to saving cost incurred in recruiting process and meet the short-
term demand for increased work volume. The recruitment is the costly process
which includes the salaries of recruiters, cost incurred in advertisements, time spent
by the management, cost of hiring new recruits, etc. Thus, in order to meet the
short-term fluctuations in the work volume, organizations might resort to the
temporary recruitment alternatives than a full-fledged recruitment.
There are a few alternatives to recruitment :-
Overtime
In case the demand for a product peaks due to the temporary market
fluctuations, then a firm asks its employees to work extra despite
recruiting new hands. The overtime benefits both the employee and
the employer as the former fetches extra income for the additional
piece of work while the latter saves cost incurred in recruiting new
persons.
Employee Leasing
The employee leasing is another form of alternative to recruitment
wherein the company pays a fee to the leasing firm or the consultancy
that handles employee benefits, payroll, and all other HR functions on
behalf of the client company.
The employee leasing is also called as “staff outsourcing” wherein the
permanent employees of other firms are hired due to their
specialization in a certain field on a lease basis to meet the short term
requirements of the client company. Here the individuals work for the
leasing firm.
Subcontracting
The subcontracting is a business practice wherein a certain portion of
the work is delegated to other specialized agencies to meet a surge in
the demand for goods and services. Here, the contractor with a
mutual consent assigns some task to some other specialist contractor
who helps in completing the project. The subcontracting is prevalent
in the complex jobs such as construction, building, and information
technology.
Temporary Employment
The temporary employees are those who are hired for a specific time
period until the task gets accomplished. Earlier the temporary
employment agencies were used in hiring the unskilled and semi-
skilled laborers, but nowadays the employees are readily available for
the technical, professional and executive positions as well.
The temporary employment is beneficial for the firms as the cost of
labor is relatively less, services of an experienced labor can be
utilized, and there is flexibility in responding to the future needs of
workers. But however, temporary employment lacks labor
commitment to the organizational goals since the workers hired do not
know about the culture and workflow of the firm.
Outsourcing
Often the companies outsource or assign the task of recruitment to
the third party specialist, who then carry out all the recruitment
activities which would have been done in-house otherwise. It is
beneficial for the firms which are small and have a lack of expertise in
recruitment to delegate the authority to the third party to carry out the
recruitments on the company’s behalf. But the responsibility lies with
the client company itself and must ensure that all the activities related
to recruitment are performed effectively by the third party.
Thus, these alternatives to recruitment help any organization to employ the staff
temporarily and save huge costs incurred in the recruitment process. These
methods offer an opportunity to any organization to capitalize on the expertise of
the employees for a specific time period if not wanted it to be permanent.
6.0 SELECTION
Selection is the process of screening applicants to ensure that the most appropriate
candidate is hired. The first step in the selection process is to review the information
(resume, application form) provided by all job applicants to determine which applicants
meet the minimum qualifications as stated in the job posting. No further consideration
will be given to those who do not meet the minimum qualifications. In fact, it is a good
idea to say in your advertisements that only those candidates who meet the job
requirements will be considered. Those job applicants who meet or exceed the
minimum job qualifications are then assessed to decide which ones will be short-listed
for a job interview.
The most common methods of selection for all positions include an interview followed by
a reference check. Other selection techniques used during the interview phase are:
work samples, written tests, in basket exercises, oral presentation, and personality or
aptitude tests. After making a conditional offer, additional selection techniques can
include: criminal records check, driver's records check. Written consent is required
before requesting records checks.
Evaluate final candidates against each other after you have rated them against the
criteria to identify the best candidate based on skills, worker characteristics and
organizational fit.
The final stage in the selection process usually is a brief conversation wherein the
company makes a verbal offer. This could be via telephone, e-mail or for remarkable
candidate, at the end of face-to-face interview. Selected candidate can verbally accept
the offer if they are sure about the decision, however, selected candidate will probably
receive a written offer that contains the job details, salary, benefits summary and start
date.
STEPS IN THE SELECTION PROCESS
6.1 The selection process to recruit Senior Manager of Finance, which is the top
management position.
ii) Work Culture is made up of all of the life experiences each employee
brings
to the organization. Culture is especially influenced by the organization’s founder,
executives, and other managerial staff because of their role in decision making
and strategic direction. But, every employee has an impact on the culture that is
developed at work.
Your culture may be strong or weak. When your work culture is strong, most
people in the group agree on the culture. When your work culture is weak, people
do not agree on the culture. Sometimes a weak organizational culture is the
result of many subcultures or the shared values, assumptions, and behaviors of a
subset of the organization.
It is important to find aspects of the culture that will support each of these
qualities for your employees.
There are many benefits of a cultivated learning culture in an organization. These
include :
Increased efficiency, productivity and profit
Increased employee satisfaction and decreased turnover
An improvement mindset among employees
A developed sense of ownership and accountability
A culture of knowledge inquiry and sharing
An enhanced ability for workers to adapt to change
7.2 Associate of Human Resource
For developing carrier of Clerk of Work, there are a few training that suitable for
the :
i) Communication Skills Training
The main objective of this Communication Skills training course is to enhance the
ability to impart information, engage and persuade during various situations. This
training will give the effective tools to enable clear and effective communication,
regardless if it is a face-to-face interaction or an email exchange. Keep in mind,
being able to connect with others is a crucial component of a lasting success.
Performance appraisals also help employees and their managers create a plan for
employee development through additional training and increased responsibilities, as well
as to identify shortcomings the employee could work to resolve.
8.1 Performance Appraisal for Senior Manager of Finance
Key Performance Indicator Target Date Measurement Criteria Action Plan Achievement SCORE
1. To entertain the internal and external
auditor for PNB (Interim & Year End Audit) :
- To provide financial records and
management info relating to accounts
- To response to internal and external audit Audited Financial
Provide financial info, 80
reports and queries Every End of statement tabled to
deferred tax and draft the Yearly Audit Report
- To follow up if any issues brought up in the The Year Audit Committee
audited accounts
reports meeting
- To ensure that audited accounts yearly
compile with the Financial Reporting
Standards (FRS) as required by statutory
audit
Audited Proforma
2. Prepare PNB Proforma MFRS for the
MFRS Financial Prepare draft audited FS
purpose of submissionto SC
August 2017 statement tabled to and proforma working Yearly Audit Report 80
Audit Committee template
- To ensure proforma MFRS is fully comply meeting
with financial reporting standards
Key Performance Indicator Target Date Measurement Criteria Action Plan Achievement SCORE
Target
Job Description Measurement Criteria Action Plan Achievement SCORE
Date
Timely process staff 2) Issue evaluation form to respective 2) Issue letter of extension
- Issue evaluation form to respective HOD 31/12/2017 HOD one month before date of of probation for 2 staff
80
confirmation
one month before date of confirmation. confirmation.
3) In progress - process
- Liase with supervisors of business units 3) Liase w ith supervisors of the confirmation for
business units Management Trainee 2017
- Liase with IR unit on for non confirmation of
- 12 staff
staf, if any
1) Prepared PNB
1) Prepared PNB Organisation Organisation Chart and
3. Prepare PNB's Organization Chart Chart and updated latest Chart updated latest Chart for
Prepare Organization for September 2017 September 2017
Chart for PNB and
- Prepare Organisation Chart for PNB and 2) Produce new format of
31/12/2017 compile Organization organisation chart for all
2) Produce new format of 60
compile Organisation Charts for all organisation chart for all
Chart for all departments
departments of PNB, ASNB, AMB, and PHNB departments
3) Consolidate
departments. 3) Consolidate organisation chart organisation chart from all
- Liaison with HOD Representative on from all company/division/departm
preparing Charts company/division/department ent
Measurement
Job Description Target Date Action Plan Achievement SCORE
Criteria
1. Supervise cleaning contractors to carry out 1. Any reprimand
daily work, regular and weekly work on 1.Fill in forms of and current
schedule and specifications. Monitoring is reprimand and current instructions
conducted and has proper supervisory skills Daily instructions. should be taken
and methods of washing. assessment promptly.
Daily 100
form and 2. To ensure
monthly report 2. Fill in daily checklist hygiene is
Form to monitoring regulated.
Financial Rewards
Financial rewards means those direct and indirect payments that enhance an
employee's well being. Financial rewards make employee financially sound so
that he/she can fulfill his/her material desire. Direct payment consists of
salary,wages, commissions,incentives, bonus, allowances etc. Indirect payment
include pensions, medical insurance, paid leaves, paid sick leaves, purchases,
discounts etc.
Non-Financial Methods
Non-financial rewards are those employee benefits that do not enhance an
employee's financial well-being. However, such rewards provide more job
satisfaction. Preferred lunch hours, preferred office furnishing, parking spaces,
impressive job title, desired work assignments, business cards and fringe
benefits.
9.1 Rewards for Senior Manager of Finance
Direct Rewards - With good leadership skills, such as being good at listening,
showing empathy, setting goals and inspiring people to achieve, she/he can
become a successful manager, enjoy more authority and raise the salary. If
having power and influence is important, there are many opportunities to move
up as a manager. Through improving the operational area with the team's help,
they can enjoy a more prestigious status and may gain further promotion and
Leadership Award.
Human resources are one of the most important assets in the organizations. Human
resources provide an organization a source of sustainable competitive advantage in a
highly competitive environment, facing a shortage of talents. The management of these
vital resources is critical for the effective utilization of these talent and success in the
market place. In order to create value and deliver results, the HR department must begin
not by focusing on the activities or work of HR but by defining the deliverables of that
work.
In order to improve the overall quality of services, increase in the efficiency and
effectiveness, this can be done by :-
The administrative efficiency of the HR function can be improved by the use of
information technology. The routine administrative tasks can be computerized
using information technology. Also different information required to be
maintained can be stored into a database, which can be assessed whenever
required. The operational functions like recruitment, selection, training, wage and
salary, time office etc. can be effectively performed with the help of information
technology.
The overall efficiency of the HR function can also be improved if the line
managers and involved and trained in the discharge of routine HR functions like
recruitment, training, performance appraisals grievances etc. The involvement of
the line manager in these functions will create a better understanding and co-
operation of the line managers in the delivery of HR functions. However care
should be taken to provide adequate training to ensure that line managers have
the necessary skills
needed to perform these duties and that they are not overburdened by these
tasks.
The environment in which today's organizations are operating is dynamic and turbulent.
There are continuous changes taking place in the business environment all of which
have an impact on the organizations. The organizations have to continuously monitor the
environment and adapt themselves to the changing environment. This requires
fundamental cultural change within the firm. The HR professionals / department has an
important role to play in this transformation and change process. They should help
organizations to identify and implement processes for change. They should help
employees let go of old and adapt to a new culture and should help identify process for
managing change. Many a times the HR departments have been distant from the
change process. The HR work was viewed as antithetical to change, with HR systems
and procedures providing obstacles to not impetus for change.
Hence the HR professionals should be trained in the change management and acquire
competencies related to managing and implementing change.
11.0 CONCLUSION
Organizations and HR department can thus formulate appropriate plans, policies,
programmes and strategies to make the HR function more strategic and improve the
quality of services provided by the HR department. It will also be of great help for
organization to align and involve the HR function in the process of strategy formulation
and implementation.
12.0 REFERENCES
Getting The Right People, Selection & Hiring retrieve from http://hrcouncil.ca/hr-
toolkit/right-people-selection.cfm
Kim Harrison. (2005) . Why Employee Recognition Is So Important And What You Can
Do About it retrieved from https://cuttingedgepr.com/free-articles/employee-recognition-
important/
Leadership & Management (2017), retrieved from http://teamworkmalaysia.com/our-
services/leadership-management/
Liz Elfman. (2018). 5 Reasons You Need Marketing Skills (Even if You’re Not a
Marketer) retrieved from https://www.themuse.com/advice/5-reasons-you-need-
marketing-skills-even-if-youre-not-a-marketer
Luanne Kelchner. (2018). Top Ten Effective Negotiation Skills retrieved from
http://smallbusiness.chron.com/top-ten-effective-negotiation-skills-31534.html
The Team Building Directory - Advice And Information About All Things Team Buiding
(2018), retrieved from http://www.innovativeteambuilding.co.uk/benefits-of-teambuilding/