New Minimum Wage in Malaysia Come 1 May
The Malaysian Government will implement a new minimum monthly wage standard in Malaysia. This will commence from 1 May despite the situation.
The new minimum wage will be set at Rm1,500. However, some employment sectors will get some leeway to defer the implementation. This includes companies that have less than five employees and informal employment sectors.
Changes to Happen From 1 May
The Government stands firm that the new wage in Malaysia will go ahead starting from 1 May. The move is a bid to show appreciation for all employees and is based on the National Wage Consultative Council Act 2011. Under this act, the minimum wage needs to undergo a review every two years.
The new minimum wage was announced during the Zero Homeless Initiative. This is an initiative under SOCSO’s Job Placement Programme. SOCSO (Social Security Organisation) and MyQaseh Sdn Bhd have combined forces to offer placement services for the homeless as part of this initiative.
The Zero Homeless Initiative is part of the Government’s plan to create 300,000 jobs this year to address the homeless issue in the country. So far, 100 homeless people have reaped the benefits of this placement. The initiative will focus on helping the homeless get job offers.
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