Abstract

I. Introduction on Vietnam Polystyrene company

I.1 General Information:

VIETNAM Polystyrene was established in 2006 to meet the demands of expandable

polystyrene with the vision to deliver our clients comprehensive solutions. Located in

VUNG TAU,VIETNAM, our plant is the one and the only expandable Polystyrene

manufacturing plant, of such magnetite in our region. As the increasing demand of

Expandable Polystyrene (EPS) we have continuously and rapidly taken the initiatives, for

massive expansion for immaculate performance.

In order to keep up with international quality level, we believe in staying abreast with latest

technology, VIETNAM Polystyrene has made enormous investment including the

hardware, software and technology expertise that gives us an edge today. That is the reason

why the clients coming to us from not only the domestic but also the international.

As the surging demand shifts we have taken up the challenge to meet not only the quality

requirement of our customers but also fulfill their increasing demand. We are in progressive

strive to carry out an expansion of our plant which we now have a capacity of 40,000 TPA

for Expandable Polystyrene. 50% of this alone meets the entire need of the Local Market

while the rest is produced for export.

In additions, VIETNAM Polystyrene CO.Ltd is an ISO 9001 certified company assuring

that all processes and procedures are standardized.

VIETNAM Polystyrene also is leading company in technological advancement. Company’s

in house Research and Development (R&D) Department has been working hard to attain the

best standards in the industry as well as producing the new grades of GPPS, HIPS and EPS

adding a vast variety to cater to the different needs of different consumer, we are now able

to produce the grades as per customer’s requirement.

I.2 Company Structure:

General Director: is legitimate representative of the company, manages and controls

the company operation since the appointment decision comes into force; five Directors

assist General Director and are responsible for providing leadership and direction for

directly under departments.

Business Department: is in charge of long-term, short-term strategy, make deal with

customer, execute exporting process.

Product Department: is in charge of producing GPPS, EPS and HIPS.

Quality Department: is in charge of testing product and production line.

Ware-House Department: is in charge of keep track the goods and deliver the goods to

carrier.

Accounting Department: advises General Director on financial management, is

responsible for recording, codifying and processing financial information, preparing

financial statements.

Human Resources Department: advises General Director on the organizational

structure of business, arranges the human resources appropriately with the company’s

business requirement, prepares wage table.

I.3 Products

I.4 Strategy

General Director

Director of Business

Business Department

Director of Production

Production Department

Director of Quallty

Quality Department

Director of Ware-House

Ware-House Department

Director of Accounting

Accounting Department

Director of Human

Resources

Human Resources

Department

I.5 Competitor

II. Actual employee incentive program in Vietnam Polystyrene company

II.1 Tools to create incentive for employees

II.1.1 Financial tools

II.1.1.1 Salary

II.1.1.2 Bonus

II.1.1.3 Social welfare

II.1.2 Non-Financial tools

II.1.2.1 Working Environment

II.1.2.2 Job Description

II.2 Evaluation on employee incentive program

II.2.1 Strengths

II.2.2 Weaknesses and causes

III. Solutions to enhance employee incentive program in Vietnam Polystyrene company

III.1 Solution about salary

III.2 Solution about job description

III.3 Solution about working environment

IV. Conclusion

V. Personal Reflection