HR Risk Management

3-in-1 Integrated HR Solution

www.ihrnet.com

• On average 13,172 cases a year get referred to the Industrial Court of Malaysia.

• Which means 13,172 SME’s each year get affected.

Did You Know?

Cases Referred to Industrial Court of Malaysia

• Period 2005 – 2013– total cases 105,379

Industry Attrition and Staff Turnover Rates:

• IT/Communication 75%+

• Services Associations 33%+• Hospitality

32%+• Manufacturing

23%+

Statistics – Employee Turnover & IR Cases

• Wrongful dismissal cases – the court awards employees up to 24 months salary

• Financial Impact between RM50,000 – RM2,000,000

How are you affected?

• First of it’s kind in Malaysia

• Launched & Commended by the Minister of Human Resources.

• Only through i-HR Consulting for Malaysian SME’s

HR Risk Management Solution

Integrated 3-in-1 Solution

• HR Content via a human resource portal www.ihrnet.com,

HR Risk Management Solution

HR Risk Management Solution

Integrated 3-in-1 Solution

• HR Advisory and Consultation and

HR Risk Management Solution

Integrated 3-in-1 Solution

• Advice on all HR Matters assisting in managing their internal HR needs

• Member access to experienced human resources professionals in real time

HR Risk Management Solution

Integrated 3-in-1 Solution

• Plus Tune Ins Employment Practice Liability

HR Risk Management Solution

HR Risk Management Solution•The Employment Practice Liability Insurance

•Administered by i-HR Consulting and underwritten by Tune Insurance

•Insure every subscribing SME to a maximum of RM 100,000 for any wrongful dismissal claims including legal fees.

The Rationale • SMEs generally do not put

emphasis on having good HR practices as it traditionally has been a costly affair

• Lack of good HR practices exposes SMES to serious financial implication arising from employment disputes.

• HR Risk Management helps SME’s manage and protect their business

Why HR Risk Management

• HR portal – access extensive HR content and information and adopt better HR practices.

• Adopt good HR practices - continuous learning on HR processes, controls and practices

 • Manage employee disciplinary matters

professionally – ensuring actions are with just cause through advisory and consultation from professional experienced HR consultants.

 • Reduce and mitigate financial risk

exposure from unwanted employment disputes.

 • Protection from significant financial

risk arising from employment related legal suits i.e. wrongful dismissals from court awards.

Solution Benefit to SMEs

• HR Capability: Continuously educate SME’s on HR best practices.

• Our Solution: “HR Risk Management” provides a solution of choice for SME’s to continuously enhance their HR expertise and protection.

• Our Commitment: To nurture and develop SME Malaysia in professionalizing their HR Practices and their HR risk.

The Objective

Price Point:• Packaged with attractive

and affordable price point on a tiered structure of number of staff

• Price ranges from a minimum of RM 1,500.00 to RM 7,000.00 per annum

• That is as little as RM 125 per month.

How Much is this?No of Employees Price

Below 30 Staff RM 1,500 per year

31 – 40 Staff RM 2,250 per year

41 - 50 Staff RM 3,000 per year

51 – 60 Staff RM 4,000 per year

61 – 70 Staff RM 4,500 per year

71 – 80 Staff RM 5,250 per year

81 – 90 Staff RM 6,000 per year

91 – 100 Staff RM 7,000 per year