It will also encourage its present workers to give off their best efforts and time for the betterment of the company. A win-win situation, no doubt. This move by Kumpulan Belton should be emulated by other companies. Private sector pension plans may not grab headlines. But it is central to the retirement plans of workers and their families or dependents.
Workers are central to the success of any organization.
It is therefore only right for management of organizations to look after the welfare of their workers. I would like to take this opportunity to encourage more employers in this country to form and implement pension schemes for their workers. Having said this, I must add also that it is not enough just to implement such schemes. It is equally, if not more, important to ensure that these schemes are reviewed regularly to ensure that they meet the needs of workers at all times. In short, such schemes should not be static, but dynamic.