Kebaikan Productivity Linked Wage System Plws
Productivity linked wage system plws rationale rasional a flexible and competitive wage system will enable companies to make quick adjustment on wages that will ensure job stability and reduces the likelihood of retrenchment in the event of an economic slowdown.
Kebaikan productivity linked wage system plws. Phase 1 creating conducive environment phase 2 establishing plws system phase 3 implementing plws system plws model start 1. Participation is still low especially among small and medium enterprises says eor 2020. Productivity linked wage system the theory in plws 2.
Productivity linked wage system plws and performance incentive system are used interchangeably in this article. Productivity linked wage system plws telah diperkenalkan semenjak tahun 1996 setelah national labour advisory council nlac memperkenalkan reformasi gaji yang ingin melihat sistem upah konvensional yang hanya dikaitkan dengan senioriti di tukar kepada sistem upah yang dikaitkan dengan produktiviti. Www msn de plws theory 2 3.
This dynamic compensation system will directly reflect the company and individual performance to ensure organisation sustainability and individual motivation. Create awareness on plws among management team 2. Realising the importance of improving organisational productivity and competitiveness the government has introduced the productivity linked wage system plws.
The economic outlook 2020 report eor 2020 highlights that the adoption of the productivity linked wage system plws remains low in the country. Plws juga dikenali sebagai productivity linked wage system dan diperkenalkan pada tahun 1996kerelevenan plws dalam pengurusan upah pekerjapenutuppenggunaan productivity linked wage system plws adalah penting bagi mewujudkan sistem gaji fleksibel dan berdaya saing yang memastikan kestabilan pekerjaan dan mengurangkan pemberhentian sekiranya berlaku kelembapan ekonomi. Such linkage results in greater flexibility and dynamism in setting wages.
The implementation of the productivity linked wage system plws is expected to benefit both employers and employees and ensure that both sides obtain a fair share of the gains from productivity or performance improvement says the finance ministry. As at june 30 only 86 247 employers had implemented plws benefiting 4 4 million employees according to data from the ministry of human resources. The system will ensure that wage increases proportionate with higher productivity thus enhancing competitiveness at the company.
Productivity linked wage system plws establishes the link between wages and productivity. Productivity is a strategic means to enhancing economic competitiveness. Plws kearah produktiviti lebih mampan.
Plws is a compensation framework which seeks to establish a practical link between wages and productivity or between performance and compensation. 2 days senior.
