The Employees Provident Fund (EPF) is a key pillar of Malaysia’s retirement savings scheme, providing financial security for individuals in their retirement years. Besides its role in retirement planning, the EPF also offers significant tax benefits, allowing contributors to reduce their taxable income. Understanding how EPF contributions work, including the tax exemptions available, is crucial for both employees and the […]
Probationary periods are a common practice in many Malaysian companies, serving as a critical phase where employers can assess whether a new employee is the right fit for the organization. However, not all employees successfully meet the expectations set during this period, leading to a decision of non-confirmation. Understanding the requirements and steps for non-confirmation is essential to ensure the […]
Employee management in Malaysia is governed by a well-structured legal framework designed to protect both employers and employees. Understanding these regulations is crucial for maintaining compliance and fostering a positive work environment. This article will cover key aspects of employee management in Malaysia, including employee status, relevant laws, hiring foreign employees, minimum wage, employment rights, and termination rules. 1. What […]
Public holidays in Malaysia are governed by the Employment Act 1955 and the Holidays Act 1951. The Employment Act outlines mandatory public holidays that employers must observe, while the Holidays Act provides the framework for the declaration of additional holidays by the federal and state governments. In 2024, a unique situation arises where two public holidays, Hari Malaysia and Maulidur […]
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