Incorporating Employment (Amendment) Act 2022
<--
-->
jQuery Carousel
Member Login

  User ID
  Password
 
Forgot Password
   

MEF Academy Events
 27[Kuching] Get It Right - Mastering the Application of Labour Ordinance (Sarawak Chap. 76) & The Rules 27-28 February 2024 (9.00 AM – 5.00 PM)
 28[Meridian Communications] How to Handle Journalists and the Tough & Tricky Media Questions, and Act Pre-emptively to Overcome Media Crises & Controversies28 February 2024 (9.00 AM – 5.30 PM)
 04[Face To Face] Criminal Misconduct4 March 2024; 9am-5pm
 05[Face To Face] Termination Of Employment5-6 March 2024 (9am-5pm)
 05[KK] GET IT RIGHT - MASTERING THE APPLICATION OF LABOUR ORDINANCE (SABAH CHAP. 67) & THE RULES5-6 March 2024 (9.00 AM – 5.00 PM)
 06[Face to Fece] TATACARA MENANGANI MASALAH DISIPLIN6-7 Mac 2024 (9.00 AM – 5.00 PM)
 07[Face to Face] ESG Awareness Programme 7-8 March 2024 (9am-6pm)
 07[Sarawak] GET IT RIGHT - MASTERING THE APPLICATION OF LABOUR ORDINANCE (SARAWAK CHAP. 76) & THE RULES7-8 March (Sibu); 14-15 March (Bintulu); 19-20 March (Miri); 26-27 March (Limbang)
 14[IT] Microsoft Excel Essential Skills (Level 1 & 2)14-15 March 2024 (9.00 AM – 5.00 PM)
 14[IT] HR Dashboard Analytics14-15 March 2024 (9am - 5pm)
 18[MSOSH] Occupational Safety and Health Coordinator Trained Person 18, 19 and 20 March 2024 (9:00 AM – 5:00 PM)
 29[Thanjomi] PRODUCTIVITY IMPROVEMENT IN THE WORKPLACE Through ARTIFICIAL INTELLIGENCE 29-30 April 2024 (9.00 AM – 5.00 PM)
 

General News

Ministry of Economy expects progressive wage policy to incur minimal additional costs to employersThursday, 26 October 2023
Edge20231025a
 

​KUALA LUMPUR (Oct 25): The progressive wage policy is expected to involve minimal additional costs to employers, as the government intends to provide cash incentives to participating employers to offset the increased employee wage costs, the Ministry of Economy said.

It said employers would receive cash incentives if they meet the conditions outlined in the annual wage increase guidelines to be issued by the government.
 
The ministry said collectively setting wages based on the tripartite concept involving employers, the government and labour unions played a crucial role in raising employee wages.

“Given the low participation rate in labour unions in Malaysia, the government will take appropriate steps to increase the number of workers joining unions through continuous exposure to the roles and benefits of unions to workers,” the ministry said in a written answer published on Parliament’s website on Wednesday.
 
The progressive wage policy aims to increase employee wages and achieve fairer income distribution.
 
In 2022, the median wage was recorded at RM2,424, compared with the target in the 12th Malaysia Plan Mid-Term Review, which is RM2,700 by 2025.
 
[The Edge Malaysia, 25 October 2023]
 
 
Tags/Keywords
wages,  economy
 
/Side Banners/NMI_Mar2023.jpg
/Side Banners/Membership-with-a-Click.jpg
/Side Banners/TalentCorp_170x55.jpg
/Side Banners/KWSP_170x104.jpg
/Side Banners/ace_170x153.jpg
/Side Banners/cape_170x50.jpg
/Side Banners/ioe_170x95.jpg
/Side Banners/ilo_170x90.jpg

   ©  Copyright 2023 Malaysian Employers Federation  |  All Rights Reserved.