Our Solution - "HR Risk Management" is an integrated 3 in 1 solution designed specifically for the SME Market to protect their business. The solution integrates iHR Consulting's web based portal with HR Knowledge & Content, HR Advisory & Consultation and EPLI providing SME's with an insurance cover up to RM100,000 for any wrongful dismissal claims including legal fees.
Due to a lack of understanding and expertise in HR most SME's continuously face employment related disputes - this poses significant threats in terms of productivity and financial burden to their businesses. One wrongful dismissal claim can pose financial threat of up to 24mths of the employees last drawn salary plus legal costs.
It is simple to protect your business - at iHR we give peace of mind to SME's.
iHR Consulting Sdn Bhd established in 2003 is a leading Human Resources Consulting and Advisory firm. Delivering a first to Malaysia in collaboration and as exclusive scheme manager to Tune Insurance Malaysia Berhad - Employers Practice Liability Insurance. A strong pedigree in HR services to over 200 small to medium sized business in Malaysia. Services include and not limited to, its member online HR Portal, HR Content and Knowledge management, HR advisory and transformation programs, Customised training, consultancy and payroll outsourcing.
2. • 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.
3. 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%+
4. • Wrongful dismissal
cases – the court
awards employees
up to 24 months
salary
• Financial Impact
between RM50,000 –
RM2,000,000
5. • First of it’s kind in Malaysia
• Launched & Commended by
the Minister of Human
Resources.
• Only through i-HR Consulting
for Malaysian SME’s
9. 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
11. •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.
12. 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
13. • 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.
14. • 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.
15. 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.
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
Editor's Notes
First of it’s kind in Malaysia
Launched & Commended by the Minister of Human Resources.
Only through i-HR Consulting for Malaysian SME’s